Charts
Chart pattern, indicators, drawing, etc
Watch out QQQ Key Level
June 24, 2020, 10:40 pm EDT Watch out QQQ Key Level Watching the leading index always gives early signals that others will follow. In this case, we will use QQQ or Nasdaq100 as an example for technica...
When and where will the QQQ trend break ?
June 23, 2020, 10:20 pm EDT When and where will the QQQ trend break ? Technology stocks, represented by Nasdaq 100 or QQQ, made very strong and long uptrend for the past 3 months. It is unusual but we...
Strong Finish at the Last 15 Minutes
June 21, 2020, 1:11 am EDT Strong Finish at the Last 15 Minutes VRTX, INCY, AMGN, ALXN, CERN all finished strong at the last 15 minutes before market close on Friday 06/19. Furthermore. Volume spikes ...
Charting Update
June 17, 2020, 8:22 pm EDT Charting Update Last Thursday 06/11 gap-down, breakdown, island reversal offered an ideal observation point for the next move of the stock markets. Here are follow-up points...
Major Reversal Challenges 3-month Channel
June 14, 2020, 11:45 pm EDT Major Reversal Challenges 3-month Channel It is important to examine the DJIA chart carefully to see what happened on 06/11 Thursday 1800 points drop and 06/12 Friday near...
Gap down, Breakdown, Island Reversal
June 11, 2020, 6:16 pm EDT Gap down, Breakdown, Island Reversal Today is important because it marked the end of the rally since March to yesterday. All major indexes rallied 40-50% during the past 50+...
Gaps as Hints
June 9, 2020, 10:32 am EDT Gaps as Hints Gaps are formed from sudden change of momentum, either up or down. It means market bias changes suddenly overnight to a much higher degree that goes beyond pas...
Leadership Rotation
05/29 May 29, 2020, 12:19 pm EDT Leadership Rotation Index leadership changes from Nasdaq to Dow Jones (QQQ vs DIA as shown) after May 26 Short-term overbought: AAPL, GOOGL, FB, MSFT, AMZN, NVDA due f...
Dow Jones Breaking Out
05/26 Technically, the Dow Jones index is breaking out with a strong gap-up today to a new high after the Feb-March drop. Although volume is always mild or low throughout the entire rebound process, b...