Looks like Google is moving off the failed breakout above resistance & all time high towards closing the gap in 700 area
Looks like QQQ is positioned to close the gap after failed trading range breakout
Short near the top of the channel and below EMA hoping to reach the bottom of the channel soon
EURUSD has bounced off the top of the channel and is likely to test the bottom of a channel. In addition, it's also a failed breakout above 1.3400. This is a trade for the middle of a channel above major support at around 1.3285 area
Yahoo had a trend line break and double top re-test of the high recently. In addition, it recently had a failed breakout above the major resistance area. Seems we're likely to see it much lower in case if it breaks through 19.75 former resistance becoming support now
Google has formed double bottom at 700 support and is likely to test major resistance at 740 area (earnings allowing)
QQQ is trading in trading range between 66.50 and 67.20 recently. Currently, we're in the bottom of it and, hence, another test of the top is pretty likely.
Google is currently at the bottom of it's bullish channel and touching MA 20. I expect it to move higher and test the major resistance at 760 in the near future.
During two previous attempts to break through 1500 S&P was demonstrating a very strong resistance around 1520 area and was moving off from it to the test of 800 zone twice (in the second attempt it actually broke below and then breakout failed). Currently, it's quite close to 1520 "death zone" and probably by May we would know whether another global crisis is...
Aussie to targeting for a test of the bottom of its 1.02-1.06 trading range now. Stop loss is above the gap
This double top at Yahoo should bring it back to MA area or even lower. This is also a failed breakout of 19.00 major resistance
Technically, Kellogg just broke out of it's bullish channel. This is the first channel breakout, two-legged bearish move to EMA 20, hence, it is likely to resume the trend and re-test highs.
After failed breakout - should return into trading range and test its bottom
After forming a double bottom with a failed breakout below major support area AAPL is now in a clear "always-in-long" mode for a bull correction towards resistance at 550 as the first target and major resistance at 585-590 as the second target.
ACMP is at the bottom of the trading range now and overall trend is bullish, hence, buying low selling high. In addition, recent acquisition news are adding more thrust
Oil is at the bottom of trading range, hence, buying it at the bottom (with limit order) and selling at the top - is the best strategy here
Nasdaq is ranging between 64.60 and 66.20 nowadays. Hence, getting long with limit order at that strong support (and bottom of the range) with a target at the strong resistance (and top of the range) and reasonably tight stop is surely not the worst idea, as 80% of breakouts fail in trading range
If SPY bounces off trend line, then we should be able to see another test of 146 area