$SPX ( S&P500 ) as of November 20, 2020: SPX decreased by 24.33 (-0.68%) points.
SPX made an inside bar and still moving sideways. The current range is from 3645.91 to 3511.91, and if it takes the last swing low of 3511.91, a short-term downtrend will start.
In the weekly chart, we also get an inside bar, and sideways movement is evident.
So we can't forecast...
$SPX ( S&P500 ) as of November 19, 2020: SPX increased by 14.08 (-0.39%) points.
No significant change today, SPX is still consolidating in between the narrow range marked on the chart with two red lines.
$SPX ( S&P500 ) as of November 18, 2020: SPX decreased by 41.74 (-1.16%) points.
SPX made a lower high after a Doji candle. The index retesting the support which is the boundary of the rectangular box marked for the range. If it takes the last swing low(HL) of 3511.91 the current rally will turn into a short-term downtrend. The next dynamic supports are around...
$TSLA: Due to the news effect TSLA made a big gap-up but failed to hold the ground and closed near the low of the day and we got a big red candle. But it managed to make a substantial gain of 8.21%.
In the daily chart, it made an upside breakout from the symmetrical triangle.
In the 65m chart, it made a higher low after the gap-up and consolidating within the...
$SPX ( S&P500 ) as of November 17, 2020: SPX decreased by 17.38 (-0.48%) points.
SPX made higher low with a Doji candle. The index takes a pause in its upward journey and the Doji represents indecision on the side of both buyers and sellers. But it may also be a time when buyers or sellers are gaining momentum for a continuation trend.
The index tested the...
$SPX ( S&P500 ) as of November 16, 2020: SPX increased by 41.76 (1.16%) points.
SPX made a successful breakout from the range marked as a pink rectangle on the daily chart. Now it needs a higher high to continue the journey by way of making HH & HL.
As the index entered into the supply zone we may see some reaction at the all-time high level. However, a higher...
Ticker: $PK Daily & Weekly Chart
- Rounded Bottom Pattern formed in the Daily Chart
- Ascending Triangle formed in the Weekly Chart
- Made a breakout from rectangle consolidation with gap-up
- Entry at higher high ($14.75)
- Potential target : $22 - $26.50
NIO made a big bearish engulfing candle on the daily chart which is the first sign of a reversal but we need more confirmation.
In the 65 min chart, it made a shallow pullback and bounced from EMA50 and it may resume the uptrend.
Unless it takes last swing low (HL) at 38.00 I'm bullish about it. The final support is around 34.20 (WMA200).
$SPX ( S&P500 ) as of November 13, 2020: SPX increased by 48.14 (1.36%) points.
SPX penetrated the range boundary again but closed within the range, marked as a pink rectangular box.
Though we anticipated a sideways move the SPX made a higher high today. It is likely that the up move will continue and we may see a new high soon.
In the weekly chart, we got a...
$UBER made a nice move after a breakout from the cup and handle pattern.
It filled the last gap created by it. It seems the pullback is over and likely to resume the journey.
The entry and exit are marked on the chart.
$MTD made an all-time high with a gap-up on November 06. Next three days it almost filled the gap and
last day it made an effort to resume the journey. As the trend is very strong it is likely that it will touch the all-time high again.
If we could take a position at open the stop-loss will be below 1122.80 and profit target may be a new high.
SPX ( S&P500 ) as of November 12, 2020: SPX decreased by 35.65 (-1.00%) points.
SPX failed to make a breakout from the range for now and closed below the neckline of the double bottom pattern.
If it continues the decline it may get support around EMA20 and EMA50 at 3456 and 3410. But if it resumes the rally,
the range boundary around 3588 will act as resistance...
SPX ( S&P500 ) as of November 11, 2020: SPX increased by 27.13 (0.77%) points.
On November 09, 2020, SPX made a gap-up and broke out from the neckline confirming the double bottom("W") pattern. But the higher price was rejected and we got an inverted hammer candle.
Next day it filled the gap but the lower price was rejected and we got hammer type candle. In the...
$AWK is in strong uptrend and making higher lows and higher highs in the daily
and weekly chart. In the daily chart, it made an inside bar and it is likely that the uptrend will resume making a higher high.
A buy signal will trigger if the price goes above the high of mother bar @ 162.84.