$GME - if support doesn't hold, its back to the lobby for this gaming stock. Â $SHOP Nearing its long-term trend-line. $FSR breaking below key support here. Could trap a lot of bulls. $SNAP down 85% from all-time highs. Â
$VIX continues its rejection at the 33-34 level. Â $SIGA and so the bagholding begins. $BAC testing declining resistance here. Can it make the break? $WEAT looking at another attempt to break through resistance. Â
The stock market crash continued for a seventh straight week. Going back to 1958 this has only happened two other times for SP500 and Nasdaq 100. In this video, I provide my technical analysis on the stock market by providing SPY ETF analysis, along with analysis of QQQ ETF. I also examine the volatility index
$AMC longs should be thrilled this didn't completely fall apart on them this week. Still sitting below heavy resistance. $ARKK manages to hold the trend-line for another week. $AVXL dealing with heavy resistance. Watch for the break. $BTU continues to hold support but lacks the bounce. Â
$PANW holding major support and attempting to bounce here. $DWAC not looking too hot. Still a lot of resistance and headline risk lingers. $SIGA - traders now FOMO'g into the monkeypox trade. Not sure this one will end well. A pullback and subsequent bounce would be amazing on $UGA. Â
$KSS - breaking key support. $CSCO Reason 4,332,432,888 why you don't trade through earnings. $CMG confirming the head and shoulders pattern. That's what you get for charging 0.30 for freakin' salad dressing on my chicken bowl. $SOFI putting together a nice rally here, and may finally be ready to turn the corner. Has to break
Despite being in a stock market crash through out 2022, stocks are showing signs of wanting to bounce and start a counter market rally. In this video I am going to provide my prediction on a stock market rebound and how high it could go. But what does the 2008 Great Recession, the 2018 Stock
$C starting to break that declining channel on the hourly.
$GME Nice hold of the March lows and possible double bottom though doubtful it will hold in the weeks and months ahead. Declining resistance will continue to be an obstacle for further price advancement.