Chart pattern, indicators, drawing, etc

Stock Chart Today: Rebound Wave

May 14, 2021, 8:54 am EDT Rebound Wave The stock market began its rebound wave after three red days. Here are two factors to check in the next few sessions to determine if this rebound will re-charge ...

Stock Chart Today: Nasdaq Gap Down and Lost 50 Day-Moving-Average Line

May 11, 2021, 10:38 am EDT Nasdaq Gap Down and Lost 50 Day-Moving-Average Line This is the 4th time the Nasdaq or QQQ (Nasdaq100 ETF) lost its 50 DMA. Also, it was the 4th time in a year.  Compared to...

Stock Charts: Rising Price and Falling Volume

April 12, 2021, 1:33 pm EDT Rising Price and Falling Volume Rising price and falling volume is not a bullish pattern from a technical analysis point of view. Especially, it is highly suspicious at the...

Stock Charts: Goodbye to Support Lines

March 25, 2021, 10:59 am EDT Goodbye to Support Lines It is time to say goodbye to support lines. Technically, support lines represent a key level of defense defined by certain time frames. In the giv...

Stock Charts: Low Volume Rebound (QQQ)

March 11, 2021, 9:43 pm EST Low Volume Rebound  All indexes scored positive today with Nasdaq the largest +2.5% gains as a rebound. However, the volume was much weaker than the drop as shown.  The pri...

QQQ chart pattern

Stock Charts: Classic Bearish Pattern, Breakdown, Sell-off, and Downtrend (QQQ)

Nasdaq or Nasdaq100 enjoyed much fun during the past 12 months since March 2020.

Stock Charts: Head-and-Shoulder Pattern – (QQQ)

March 3, 2021, 12:17 pm EST Head-and-Shoulder Pattern – (QQQ) Watch out classic head-and-shoulders pattern is formed for Nasdaq100 (QQQ). The neckline is 312. Nasdaq index pattern is very simila...

Market Charts: Tough Battle at Diamond Top 

Last week two big down days and this week one up one down confused market participants on market direction. 

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