Indices have had a nice rally since mid Feb. Even though daily candle is massive and bullish, MACD is rolling over and previous day was rejection. And in broader market context, it is due for some correction. Fundamentally, US data has been poor at best and with earnings season starting next week, this could be a rough start but who knows. Things could get...
massive doji on daily, sign of volatility returning which would mean likely down, especially after ECB announcement and ahead of FOMC, I predict rate hike.
Uptrend for short period. Likely to get rejected 2080 area. See a "W" forming. broke through green MA but could fall back. MACD also shows bullish but that's a given. This would also be Christmas rally. Any thoughts?
SPY finally approaching area of resistance, hope to see rejection to short. Been waiting so long And if it breaks 211 area, have to wait for confirmation that it stays above that so don't long immediately. Let me know any ideas.
Not an expert but it looks like its repeating the reversal candles of previous highs. Would like to know who else agrees.
formation of right shoulder and down move or possible retest of high around 2110 and down rejection, Its climbed all the way back up to previous highs so fast, it seems over extended. We will see.
Will go side ways for a bit and then likely drop some more
Has taken a nice ride in the channel and is retracing. Lets see how it responds when it tests the 50ema and channel bottom.
Shooting star on daily, nice long wick, lets see what the chart does.