Point of formation
Broadening Top formation appears much more frequently at tops than at bottoms. It is a difficult formation to trade in. Its formation usually has bearish implications.
Role of big players
It is a common saying that smart money is out of market in such formation and market is out of control. In its formation, most of the selling is completed in...
Chart shows a nice reaction every time we get RSI Overbought and Oversold levels, so right now we have overbought levels along with a 50% retracement test.
We have a short-term opportunity on the short side... so let's see how it unfolds.
This could be good news for equity’s and help the S&P finally reach the all time highs...
It's still to early to call the top on this market, as there is this thing like a magnet working toward the all time highs, similar to the S&P.
However, there is room to test support and close some gaps.
I also believe that if this upside breakout from the Jan-Mar range fails, the price will try to test and break the 7500 area, and we'll be better short from this...
This one shows a good ROIC (return on invested capital) which means that fundamentals support the long side, however this sector is one of the hated, but still, i see some accumulation building.
I will wait for the wegde breakout to get long, and i'll wait until the 38.2% retracement, that's a 60% upside.
I like this one a lot!