An ascending triangle chart pattern is commonly used in technical analysis and considered to be bullish. The ascending triangle is a technical pattern that pops up often signifying a continuation of the existing trend-line if it manages to break out of the ascending triangle. In this video I analyze the ascending triangle breakout in
How to swing trade a gravestone doji candle: Is it a stock market rally killer? In this video I will go over the gravestone doji candle pattern that has formed on the Nasdaq 100 (QQQ) weekly chart and what that means for stocks in general, as well as analyze how it has impacted the
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
Atlassian (TEAM) has an ascending triangle attempting to breakout but the previous three days, have struggled to hold that level. Need to see it close above that level to confirm the pattern. Tesla (TSLA) breaking a major support level and the October '23 lows. Here's the sector returns so far with S&P 500
$MARA cup and handle pattern forming but still needs to push through and close above the 200-day moving average first. $PLTR attempting to break through a long-term resistance level as well as confirm a multi-year cup and handle pattern. Next stop would be upper-$20's. Since Tuesday, $QQQ has been all consolidation - going sideways since
Rising yields in the bond market are becoming a major problem For the financial and if they continue to rally higher, it will ultimately crash the stock market. In this video, I cover the impact of the rising yields and what it means for stocks and the stock market going forward.
The S&P 500 and Nasdaq 100 has been on a 3 day rally and the Russell 2000 has been on a 5 day rally! But can it last? How much more room to rally does the stock market have to rally. Or are we simply looking at a bear market rally coming to an end
Stock have been in a steep sell-off of late and poised for a bounce here in the near term. Can we expect a dead cat bounce here? Or will the stock market crash continue for the foreseeable future. In this video, I provide my technical analysis for SPY, QQQ, IWM ETFs, as well as my
Multiple support levels to watch following the hard fade in AdvisorShares Pure US Cannabis ETF (MSOS). Notable support at $6.75, followed by $6.20. Johnson & Johnson (JNJ) testing the rising trend-line and attempting to bounce intraday. If broken, and moves below $157, I want nothing to do with it. Bear flag in AMC Entertainment (AMC)
Stocks have rallied hard over the last five trading sessions, but can the rally continue going into Friday's Job's number?