Keep an eye on $FSLR and this developing head and shoulders pattern. Not confirmed, but getting close.
Multi-year support level on $AMZN getting tested here.
$WFC breaking below a critical rising trend-line.
That massive sideways channel attempting to break with a push below support on ARK Innovation (ARKK) Rising channel in the short-term saw a huge break today for Netflix (NFLX). Adobe Systems (ADBE) nearing a triple top confirmation. Major breakdown of support here for Roblox (RBLX). Â
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.
Watch for a potential cross -section of support for Applied Materials (AMAT) to bounce off of here. Nice cross-section of support for Garmin (GRMN) if it can bounce off of it in the coming days. Moderna (MRNA) finally pushing through major resistance. Walt Disney (DIS) with five straight days of gains, but even
$PINS finally breaking through some major resistance.
$AMGN wedge pattern breaking to the downside.
PayPal (PYPL) attempting to bounce off the November lows, but overhead resistance will be very difficult to break through. Applied Materials (AMAT) Watch the triangle pattern here for a potential breakout as it attempts to bounce off of the rising trend-line. Bear flag confirmed on Western Digital (WDC) Utilities (XLU) solid uptrend remains