jmboyer1

jmboyer1

Similar to SMH and QRVO, IDTI is at critical juncture....push through north or fail at resistance and possible be forming a H&S pattern? TBD.

jmboyer1

Possible H&S setup for SMH (Semiconductor ETF). Looks like it could (if it confirms!) be poised to break down to the 52ish areas soon forming a H&S....but then break down again inside a bigger H&S pattern down to 44. Assuming pattern confirms, tgt would be around 30ish...TBD.

jmboyer1

Looks like a textbook possible H&S top on QRVO...TBD if it confirms or not.

jmboyer1

Note QQQ breaking down out of ascending wedge at arrow/highlighted circle. Will it recover and close well as it has previously done so many times or will this time be different? TBD, but am betting down...

jmboyer1

A simple retest of the breakout in IWM or something more serious, a false breakout, perhaps? Note action in highlighted box. Is TBD, but negative RSI and price action don't look too bullish here....

jmboyer1

Similar to chart on SPX, RSI negatively diverging for NASX by reaching new highs in price yet on decreasing RSI (Jul/Nov/Feb highs). Same trend on weekly and month chart as well.

jmboyer1

FYI SPX RSI negatively diverging by reaching new highs in price yet on decreasing RSI (Nov/Feb/Apr highs). Same trend on weekly and month chart as well....same for NAZ as well. Next week could break the trend...or not! Also, FWIW looks like RSI coiled...will see which way it breaks out!

jmboyer1

XLV potentially forming a H&S top? TBD.

jmboyer1

XLE has been forming a H&S bottom....ready to rip higher.

jmboyer1

Possible H&S top in XLY forming? TBD.

jmboyer1

XLF forming a possible H&S top....this one looks like something's gotta give way, and soon! TBD, of course!

jmboyer1

XLK looking very, very toppy here....great low risk/high reward short here, IMO. TBD.

jmboyer1

H&S top forming on INTC?

jmboyer1

Possible CSCO H&S top?

jmboyer1

NOTE: Wrong chart.....this is CMG not CSCO. Possible H&S top on CSCO?

jmboyer1

Just a thought, but CMG could possibly be forming a H&S top pattern....note bearish RSI divergence as well. TBD.

jmboyer1

Are global commodities forming an inverse H&S pattern? Or could it just be a double bottom? Or neither? TBD.

jmboyer1

Ratio of GDXJ (Jr. Miners) vice GLD (Gold) showing Jr. Miners in long-term downtrend. But, bullish RSI divergence plus a possible double bottom (TBD) indicates better days may be ahead for the Jr. Miners.