jimmplan

jimmplan

Today witnessed a robust bullish surge in the Nasdaq with a cup and handle pattern (Very similar on the S&P500 too). Introduced in 1988 by analyst William O’Neill, the cup and handle pattern signifies a bullish continuation pattern activated by consolidation following a robust upward trend. While the pattern requires time to evolve, its recognition and...

jimmplan

Very bearish pattern on the $NDX. Should expect a -8 to 10% in the next 3 to 4 weeks.

jimmplan

I think the market is due for a 10-12% rebound in the next 20 to 25 days. Then, the $NDX will face resistance between 12,200 and 12,500 and will pullback for an 8% to 10% over 8 to 10 days Then, there will be an important point in the market: 1) Do we go back UP and reverse this bear market OR 2) Crash down another 20% We will see! Cheers,

jimmplan

On the day of the increase most likely the market will go up which is counter-intuitive because when you think about increasing interest rates money becomes more expensive to borrow. So shouldn't stock go down? Usually, that tends to be true, but when there are High rates of inflation investors want to pay less money for a company. P/E values get compressed...

jimmplan

Nobody knows where the market is going... but, the $NDX is at the top of its mid-term bearish trend (White line) and at the top of its short-term bullish trend (Yellow). Lot of space for a pullback. After that? I hope to have a higher low and return to a bullish mid-term trend.

jimmplan

We can see a Bearish pennant pattern on the #NDX. But, even if we see this pattern it's too early to bet on... Let's see the breakout before. In fact, this pattern has a low success rate (Only 55.19%). #LessTradeBetterTrade

jimmplan

Just try to see where this market is going, could we see an Inversed Head-and-Shoulders Pattern on the $NDX? $TQQQ $HQU $QQQ

jimmplan

I just detected that the pattern of the last few month is EXACTLY the same than the one in 2008. Look at my chart analysis of 2008. And look at the idea I published Monday. Crazy!

jimmplan Updated 

One of the most recognized patterns in technical analysis is forming on the DJI, Head and Shoulders Pattern. A downtrend and bearish movement would be confirmed if the DJI breaks the support at 34,000 (The neckline of the pattern).  Here are some stats about this pattern:  - In 93% of cases, the exit from the head and shoulders pattern is bearish. - In 63% of...

jimmplan

Head and shoulders pattern on COSTCO

jimmplan

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