pattern
Stock Charts: Convergence Pattern (SPY)
July 13, 2022, 12:06 am EDT Convergence Pattern (SPY) After about four weeks of the consolidation process, the stock market comes to a critical junction that appeared in the convergence pattern. As s...
Stock Charts: Breaking Down, Breaking Apart (DIA)
April 22, 2022, 1:46 pm EDT Breaking Down, Breaking Apart (DIA) “Breaking down and breaking apart”. This is the message from Dow Jones Index (DIA) as shown. The bears are coming as we mentioned many t...
Stock Chart: Unsymmetrical Head-and-Shoulder Pattern (SPY)
February 23, 2022, 1:09 pm EST Unsymmetrical Head-and-Shoulder Pattern (SPY) Recently, there is much news about Russia’s invasion of Ukraine. It may create more confusion when dealing with the s...
Stock Charts: Tipping Point Warning
January 21, 2022, 2:56 pm EST Tipping Point Warning The tipping point is very important to watch because it could be the beginning of a much bigger event. Everyone knows the stock markets are weak bu...
Stock Chart: Technical Damage (DIA)
June 18, 2021, 9:54 am EDT Technical Damage Dow Jones lost another -400 points this morning that caused severe technical damage to its chart as shown (ETF: DIA). Roundtop shape broke its 3-month key s...
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.
Stock Charts: Major Breakdown and Bearish Outlook (QQQ)
February 25, 2021, 12:43 pm EST Major Breakdown and Bearish Outlook (QQQ) Nasdaq was the weakest index compared to Dow Jones and S&P500. During the boom time, Nasdaq was up quickly, led by AAPL, A...
Stock Chart: Intraday Reversal and Breakdown
January 4, 2021, 12:51 pm EST Intraday Reversal and Breakdown Stock markets opened with a new high record high but it did not last very long. Markets quickly turned direction to the downside with all ...