Hammer time$SPX pic.twitter.com/MkMfL1pb3V — David Rath, CMT, CFA (@DJwrath) September 27, 2023 Today’s Chart of the Day was shared by David Rath (@DJwrath). The S&P 500 was unchanged today (+0.02%) but closed +0.85% off the lows. David points out that today’s intraday rally formed a hammer candle, at a key trendline. This rising trendline has […]
Chart of the Day – Tuesday, September 26, 2023
If we see a bounce materialize in $SPY in this area I am hoping (market doesn't care) for a bounce to make a lower high and then come down to 420-417 area Year-to-Date AVWAP (blue)200 DMA38.2 retrace of 22 low to 23 highand prior resistance pic.twitter.com/Zqna9452H9 — Brian Shannon, CMT (@alphatrends) September 26, 2023 Today’s […]
Chart of the Day – Monday, September 25, 2023
$SPX – SPX "Looks" terrible (H&S….), but then again it did on 9/30 – 10/1 2021 ….. pic.twitter.com/Eer9klABqR — Nautilus Research (@NautilusCap) September 25, 2023 Today’s Chart of the Day was shared by Nautilus Research (@NautilusCap). Over the past three months, the S&P 500 has formed a potential Head & Shoulders top. The neckline of […]
Chart of the Day – Wednesday, September 20, 2023
Yo, Charts – S&P to 4200. Under there and the business goes apoplectic. pic.twitter.com/fknyHFRssO — da Chart Life (@daChartLife) September 20, 2023 Today’s Chart of the Day was shared by John Roque (@daChartLife). Bulls and bears have been at a stalemate for nearly two months, but the bears seized control of the near-term trend today. […]
Chart of the Day – Monday, September 18, 2023
It's like the market is waiting for a catalyst or something… 🤔 $SPX pic.twitter.com/iUNPPnCb2e — Frank Cappelleri (@FrankCappelleri) September 18, 2023 Today’s Chart of the Day was shared by Frank Cappelleri (@FrankCappelleri). Bulls and bears have been playing a game of chicken for nearly two months, with neither side in control. Volatility has seemingly vanished, […]
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