MSFT appears to be showing signs of exhaling. RSI and MACD rather bearish. Double top? Candles provide insight hanging man candles, followed by inverted hammer should provide caution. Note the window left open, which can be used as support level and price target.
The yellow metal appears to be looking to shine again. Indeed, finding value in a over-valued arena can be hard. Price is what you pay, value is what you get. After topping in 2011 the yellow metal has been in a big exhale, has gold found a solid foundation. A inhale to retest 2016 could provide overhead supply, after the bump and grind the yellow metal can...
What a long strange trip its been (Grateful Dead). IYT has completed a bullish head and shoulders bottom formation. Note the red arrows point to windows open on IYT ride up. The windows can provide price levels on IYT ride down, windows get closed. Other indicators appear extended a exhale is healthy. Black gold higher levels could provide some head wind as well.
MPEL appears to be attempting to "hammer" out a bottom, note red arrow. After breaking out of a bullish pattern MPEL appears to be exhaling. Applying FIB levels to the exhale can provide color. Over head supply at white trend line. If MPEL inhale's the trend line would be support.
ABC has been riding the channel down. It appears RSI showing constructive positioning, MACD crossing although below o, histogram appears to be heading in the right direction for a possible channel breakout to the upside. Open window could provide price level target
It appears black gold has been attempting to breakout of the head and shoulders formation. This cycle second only to 2008 can continue to run into 2017. The 12 month count from trough to peak from the previous 7 down cycles. The average return on the 12 month count is 150% return from the trough. Note the FIB levels. When use proper a great tool. Using the...
It appears CSIQ is developing a constructive pattern, falling or bullish wedge formation. Indeed, the bears have been in control of the space, if bulls can push prices higher and out of the wedge CSIQ can shine. Note, the orange arrow the window could provide a good price target. Previous peaks can provide color on price targets and resistance levels too.
It appears candles are providing caution for BAC, bearish engulfing pattern orange arrow. Note, the windows BAC open on its march to higher price levels, black arrows. Windows can provide color and perspective. Windows get closed, can provide price targets, resistance, and on this underlining instrument support levels.
It appears BG has some unfinished business to attend too. After opening a window to lower price levels it now appears to be attempting to close the window it open, note arrow. Windows can be used as support, resistance, and price targets. After re-testing the bullish breakout from the triangle pattern, higher price levels could be ahead for BG. Note...
Round tripping should be avoided. It appears SPX is in a bearish formation. Key support levels are 1940, 1830 and 2013 channel breakout from a 13 year trading range which started in 2000. Confirmation could provide color on secular, cyclical bull or continuation of the secular bear/trading range from 2000.
