The expected pullback (retracement) continued today with a gap-down toward our 2,025 target. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: As I’ve been highlighting to members, we were targeting a pullback “down toward” the 2,025 level (minimum target) which is a price confluence at the 200…
What lesson does Virgin America (VA) teach us about the popular “Bearish Rising Wedge” pattern? Let’s observe and learn: First, take a look at our educational post “Bearish and Bullish Wedge Patterns.” Second, to see a real-time example taking place, see this morning’s post “The Ross Wedge Pattern.” Third, compare those examples to what happened…
Ross Stores (ROST) is forming a Rising Wedge worthy of our consideration. Let’s note how the popular price pattern progressed and what may be in store for the near-term future. Ross Stores (ROST) Daily Chart: Check out our educational page on “Bullish and Bearish Rising Wedges” and compare it to the current pattern. Also, study…
The never-ending Bull Market Rally continued today with a new swing high occurring in the S&P 500. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Logic and negative divergences suggested a downside (bearish) bias going into today’s session – this was confirmed with the initial downside opening…
There’s certainly conflict between bulls and bears in the market today! Let’s update our levels for the S&P 500 Index and note the big trending stocks today: After the Federal Reserve Rally last week, stocks broke higher and stalled into the 2,050 target level. Buyers and sellers battled each other to form a Trading Range…
The post-Fed Day rally continued though price stalled into resistance near 2,050. What’s next for the market and which stocks are strongest and weakest (via our scan) today? Let’s update our levels for the S&P 500 Index and note the big trending stocks today: The rally “up away from” 2,000 then above the 2,020 breakout…
Thank you Janet Yellen and the Fed! Regardless of the reason, stocks bolted higher, breaking resistance and triggering another “T3 Trend Day” Up. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: We were focused on the 2,020 and 2,025 upside resistance and the potential “bullish breakout/short-squeeze” that…
For traders, sometimes simple indicators or strategies trump complex ones. Right now, the S&P 500 is once again interacting with the falling 200 Day SMA Target. Let’s highlight what’s happened previously and what the plan is currently for the S&P 500, Dow Jones, and NASDAQ: In each chart I highlighted the red 200 Day Simple…
Google shares (GOOGL) surged off a wider range support, creating a stellar trading opportunity. What’s the trade and target levels now? Let’s update our GOOGL Daily Chart: Buyers failed to push shares beyond the $800.00 level in January (trap) just as bears failed to drop price lower in February with a breakdown under $700.00. Therefore…
So far, that was a strong bullish move off the open and above our 2,000 breakout target level. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Price moved “up away from” the 1,965 target level back “toward” the 2,000 level on a reversal yesterday that gave us…