Bull flag that Fedex (FDX) was so close to breaking out of is now in a full breakdown. I'm expecting a retest of the rising trend-line off of the September lows. Snowflake (SNOW) testing the triangle resistance after testing its support yesterday. Massive head and shoulders pattern formed on the US Dollar (DXY)
Watch for an eventual test of support at $155 for $UPS, creating a huge head and shoulders pattern in the process. Â
$SQ looks like it is using the rising trend-line here as its support level, but even if it bounces, there is some short-term resistance in play. Â
ARK Next Generation Internet ETF (ARKW) continues to see heavy rejection at the declining resistance level going back to last May. A lot of people chasing Amazon (AMZN) despite the fact it is trading on the underside of multi-year declining resistance. Better to wait for that resistance to clear first. Semiconductor ETF (SMH)
Lam Research (LRCX) with a huge rally today but retreated after testing year-long neckline of an inverse head and shoulders pattern. Nvidia (NVDA) boxed in at the recent highs. Nearing a breakout, but yet to confirm it. Big time breakout for Marsh & McLennan (MMC) today. Apple (AAPL) making a run for positive
$MMM with a triple bottom breakout, followed by a pullback to the b/o level which it is now attempting to hold and bounce off of. Â
$UNH rejection at the broken trend-line, waiting for a pullback to key support. Â
China Large Cap ETF (FXI) broke its declining trend-line and then simultaneously tested its short-term rising trend-line and broken resistance. While both held, it hasn't been able to get much detachment from the trend-line. Poland ETF (EPOL) very similar to the US market in that it has been basing/trading sideways for the past 11 months.
Another breakout for $GOOGL looking really strong here against this tape today. Â
Heavy sell-off yesterday in $NFLX has price completely reversed and attempting to break out of the bull flag pattern. Â
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