CHTradingGroup

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The SPX is producing an "inverse head & shoulders" pattern. The target on a successful breakout of this structure noted on the chart.

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Initially extremely bullish at those lows, this rally has some internal qualities that smack more of a massive short squeeze and mere bear market rally, rather than a genuine bullish rally. This may begin to retrace off a lower high—even though we're close to a new ATH, I'm doubtful that it can make it. If this retraces, the initial target will be this trend line.

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If the equity markets suffer another decline, SQQQ may have developed an inverse head & shoulders formation here. I have noted the target and we will watch to see if it develops.

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There may be a local bull flag developing on Bitcoin. I have noted the target on a successful breakdown.

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Bitcoin appears to have developed a large "Cup & Handle" formation. This would suggest that the "Volmageddon 2.0" that we just had is a temporary event, the VIX spike marking a low in risk assets.

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SPX has lost its 20-Day SMA in a downward-sloping structure. If that fails, we can move to the 50-Day SMA next.

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If this local head and shoulders topping pattern plays out on NDX, we may expect lower prices still to come, most likely involving a closure of the CPI gap!

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The S&P 500 has produced a bullish wedge breakout. I believe it is a trap and I expect it to fail.

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SPX has broken out of its local down trend. It may need to go back and retest that trend line, and if it does, its reaction there will crucial in determining whether the market is bullish or bearish.

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If this head and shoulders pattern on /NQ breaks down, it can target about 14850, as that is the measured move of the pattern.

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This wedge on /ES futures may produce a 3-wave rally.

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I see no reason to be optimistic about this garbage stock. I still think it has a lot lower to go.

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The equal weight S&P 500 ETF presents us with a bear flag.

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The QQQs have created a head & shoulders pattern. If it plays, we may target the measured move.

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Bitcoin looks to have completed 5 waves down and has retested its 200-day SMA and long-term trend line. So long as these hold, we may expect a relief rally heading in the direction of the orange box.

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The Dollar Index looks to have completed an impulse wave up, and I now expect a retracement.

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My count on $COIN has it going significantly lower. From its inception, the pattern appears to be corrective, and should need to see further downside in order to complete cycle (yellow) c, at a minimum. That will not ensure that the pattern is complete, however, as that itself may only be the first leg of an even larger 3-wave structure, but we will have to wait...

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$SGEN may be forming the “cup” of a cup and handle formation. I would look to see if it corrects its advance soon to develop the handle.