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 […]
