Possible that $FSLR breaks out of that base here. Very volatile and wild stock for swing trading at times. . $SPY attempting to set the stage for an end of day rally with this inverse head and shoulders forming. $CMC solid bounce off of the trend-line, with potential room to run up to resistance at
XPO (XPO) possible that there's another breakout here, but after a trucking company runs 50% higher in the past month, not sure this is where I would want to be chasing a stock at. And already showing signs of struggling to sustain the breakout recently. Major break in resistance on Friday for SPDR Gold ETF
Nasdaq 100 (QQQ) 30 min chart will zero chill in it. Another breakout attempt unfolding on Russell 2000 (IWM) today. A solid push through resistance so far. If US Global Jets ETF (JETS) breaks out of the continuation triangle, then it has to immediately contend with long-term declining resistance. A no-go for me. Heavy resistance
$VIRT broke out of the base and through the declining trend-line. . $IWM gapped above resistance today, and has since pulled back for a retest. Watching here to see whether that level holds, or if it starts to fade and close the gap from this morning. Bull flag in $WYNN attempting to breakout. Rising trend-line
$SHOP trading inside a megaphone, but very little else to comment on, not even crazy about what could be a bullish wedge that is forming. Chart is a complete mess, and half expect it to move back to $71 to test support. . $XLV pulling back to the rising trend-line from the October lows. Potential
Alibaba Group (BABA) inverse head and shoulders yet to confirm, and heavy declining resistance above. Previous bases similar to the current one never quite materialized with a breakout - something to keep in mind. Keep an eye on this bearish inverse cup & handle pattern on PDD (PDD). Not confirmed yet, but a break below
$IBB broke out of the bull flag but running into some resistance that goes back to 2022. Watch for whether it can breakout here, or pulls back as a result of a failed break. . $IBIT bull flag breakout here, representing a continuation of the current trend-line off of the January lows.
$FHI bouncing off of the lower channel band, but short-term declining resistance needs to see a break before considering a long position. . $VSCO bull flag pattern nearing a breakout to the upside. A break below declining support would invalidate the setup. $SMH has a complicated history with bollinger bands and here the reward gets
Tesla (TSLA) pullback and bounce off of the base breakout level. Airbnb (ABNB) wedge pattern formed that could provide some short-term resistance for ABNB, which trades inside of a much bigger channel pattern. Dollar General (DG) pulling back to breakout support. So far holding it. Will need a hard bounce here to keep the setup
PANW - Another great reason for why I don't hold swing trades through earnings. Only remote level of support is this possible long-term trend-line. AAPL managed to hold the trend-line into the close yesterday, and now attempting to bounce off of it today. Possible it sees some push back from the 200-day MA