Biotechs coiled and look ready to pop or will they pullback once again?
A nice tradable zone in the Transports. Will the double top hold or break.
Russell looking ready for new highs
Pivotal week ahead for the dollar. Still trapped in the downward channel but supply zone holding firm. Looking for a long entry with a stop under Thurdays low.
Big Bank earnings tomorrow and I suspect we will see a break of the wedge either way.
Watching the chart pattern for a break
The 9 ema has crossed down thru the 20 ma. The last two times this has happened in 2000 and 2008 the SPX has fallen 50% each time. It is also in a squeeze which looks likely to release to the downside. Look at the presvious two.