Does not get more bearish then this! Information sector which concluded technology stock are posting a well and truly bearish divergence concluding a H&S set up on the Moments oscillator.
Fake outs of such Triangle or Wedges are usually develop high volatility as direction changes and either become strong bullish or bearish trends.
O
S&P Tech to S&P energy comparisonVolume as a comparison has reached a 4 year low. Hard to say what this means as of current but looking back at that event can conclude that something substantial in the market was about to unfold.
Whilst this chart may look bullish for tech as a comparison and markets proceed higher most of the ti
Information sector is set to underperform SPN (Energy sector)Information/SPN comparison has printed a very large doji at the to top of its rising wedge on the three day chart whilst RSI and stochastic RSI has reached oversold. Check out my previous post to understand why this does not look good for the equites market overall.
S&P (S5INFT): Descending channel, Information technology sector Information technology sector is part of the S&P 500 list. It basically includes all the big names you can think of (Apple, Intel, Microsoft,...).
S5INFT (S&P 500) is currently in a descending channel.
With a death cross in March, descending 200MA and 50MA, this sector is in an obvious bear trend
Hard to see S&P 500 IT the best performing sector in May 2022.This weekly chart of S&P 500 Info Tech sector does not instill a lot of confidence. I do think the silver lining is the data companies out there that have kept up with the web three revolution. These companies and solutions will be depended on to weather any recession storms going into 2023. IBM, Or
S&P 500 Information Technology Channel evaluationS5INFT is the S&P 500 Information technology Sector. It comprises of all the biggest Information Technology companies such as Apple, Microsoft, Oracle,... and many more. See this link for a full component list (www.barchart.com).
This sector's price action (as for the S&P as a whole) rune between t
Reversal prediction... *Just an idea, not financial advice*
The basis for this prediction is formed from the previous 5 pullbacks >~-6.0%.
Average pullback over 5: -17.262%
High: -32.98%
Low: -8.53%
Mid point: -20.755%
Average over 3 (Pre-covid): -10.3%
Based on similar pullbacks, I make the prediction that a co
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.