Watch how Nike (NKE) responds to a potential test of its rising trend-line in the coming days. SPX with a 103 point sell-off, those chasing the initial bullish reaction got fleeced today! Somewhat muted SPY response so far following FOMC Statement. Semiconductors ETF (SMH) testing resistance going back to May of last year.
$DXY nearing a breakout above the ’23 highs.  Â
Careful with Luminar Technologies (LAZR) despite the monster rally today that places price right at declining resistance. Adobe (ADBE) on watch for whether it attempts to bounce off of support. Semiconductors ETF (SMH) looking like it may try pulling back to its rising trend-line. AMC Entertainment (AMC) headed towards a test of major resistance. A
CBOE Market Volatility Index (VIX) Inverse head and shoulders basing pattern forming that is worth watching for a potential breakout next week. Applied Materials (AMAT) attempting to break out of the bull flag and re-confirm the inverse head and shoulders pattern. Semiconductor ETF (SMH) testing support that if broken would confirm a short-term
Rising channel in place to trade from on $GMED. A break below would be bearish.
$SMH nearing a bull flag breakout.
$TTD testing the declining trend-line off the August highs. Watch for a potential rejection.
Do or Die for $GLD. Double top pattern, followed by two years of price level support and a 4 year trend-line that has converged. If they break, I expect $GLD to see $136.