$VIX breaking declining resistance…finally.
Stocks have been overextended for over a months. Following Jay Powell's speech at the Brookings Institute, it looked as if the stock market would continue to rally but it ran into heavy technical resistance and stocks since has been trending lower. Is this the time to get short or long? In this video, I provide
$DBGI rally likely to face headwinds at declining resistance.
$MSOS attempting to break out of a massive base going back to May.
$SHOP breaking out of the base today. Strong runner.
$VIX breaking its downtrend ahead of the Powell speech.
$XLE running hard today, but keep an eye on this potential topping pattern forming. A break below support, could see some heavy profit taking.
Enphase Energy (ENPH) continues to struggle with resistance here. Could lead to a breakout once broken. Shopify (SHOP) making another run towards resistance in an attempt at a breakout. Digital Brands Group (DBGI) running hard right into massive resistance. Baidu (BIDU) broke its short-term downtrend, and now attempting to break out of the
$SMH nearing a bull flag breakout.
Nice consolidation from $CSIQ after confirming the cup and handle pattern.