That massive sideways channel attempting to break with a push below support on $ARKK
The FOMC Statement was released and Jay Powell had his presser thereafter. Stocks sold off as a result, and leaves traders wondering if we have really reached a stock market bottom. I provide my technical analysis for the stock market following the FOMC Statement and where the market looks to go from here.
$PYPL attempting to bounce off the November lows, but overhead resistance will be very difficult to break through.
$VIX breaking declining resistance…finally.
$XLE running hard today, but keep an eye on this potential topping pattern forming. A break below support, could see some heavy profit taking.
Nice consolidation from $CSIQ after confirming the cup and handle pattern.
$TTD testing the declining trend-line off the August highs. Watch for a potential rejection.
So far, $ROKU is holding the lower channel band and attempting to bounce.