Long term up trend may be coming to an end. A double top can be seen within a potential diamond reversal pattern. Technicals offer opportunities as they are broken and the market moves to the next. Watching to see if the pattern plays out – if so then we could see a significant drop soon. […]
MSFT has been in an upward trend for some time. Very long term can be seen with the purple channel on the weekly chart; long term can be seen on the same chart inside a lifting blue channel. A break out (down) of the blue channel would have us looking towards the next blue s/r […]
Market may be breaking a long term rising channel: trend support has recently been moved through. Potential short term move to next lower blue s/r zone. Breaking down through $19.40 would be significant and could se the market drop to the next lower blue s/r zone around $16.25. IF the market continues to lift from […]
US Equity Markets Plunge As ‘FANG’ Stocks Give Up 2016 Gains FANG stocks, led by Google, have tumbled by the most in two months today and given up any gains in 2016. This is weighing on the broad hope-strewn stock market as it erases all the post-Jo-Cox-death gains from yesterday… FANGs losing it… As […]
Sideways correction – potential reversal. Breaking of technicals offers opportunities for moves to the next technical. Currently in a positive trend with potentially more to go to reach resistances: previous highs and wedge pattern resistance from the long term weekly are technicals to watch.
Potential double top can be seen on the weekly. daily shows the 2nd top potentially rounded. Sideways move between blue s/r zones, pattern suggests fall to lower zone. Dashed orange offers an aggressive (read more RISK) opportunity; a break through the lower green s/r will likely see a move to the next lower blue s/r, […]
Consolidation between two blue s/r zones can be seen – watching for reversal. Breaking down through supports (s/r zone & channels) could see a significant drop to the next blue s/r zone, down around $42.00. Several weekly Fib levels can be seen on the way down and these should be watched for support.
Clear sideways movement can be seen highlighted by two bright green s/r zones. Market is falling from upper s/r zone, potential for a move to the lower. Green s/r zones below the market offer technical considerations if broken – mindful of other s/r trend lines that can be seen (channel) and expect market reactions. […]
NKE has been falling off this year; currently at significant support (blue s/r zone). Breaking lower would have us looking to the next lower supports. Lifting has a channel (clue dashed) and blue s/r zone to go through, as well as the larger overall pattern resistance. Break of each offers opportunities – be cautious of […]
