Tuesday 5 October 2021
Lots of strong moves across the weeks watchlist stocks today. It will be interesting to see what the volume is like in them later in the day & whether they break any resistance levels to help assess quality of moves or whether it's just a reaction to the ST oversold conditions.
S&P 500 still struggling around the Secondary Test (ST) area. Equal weight chart doing better. But need to see some commitment above last weeks closes. Still Phase A if we are in fact developing a new range here. So early days if that's the case.
$APPS from the watchlist testing the top of the base, which is potentially Stage 1 due to the failed Stage 4 breakdown attempt in August. So potential for a new Stage 2 breakout attempt.
S&P 500 intraday chart. Is holding in the developing Stage 1 range, but as you can see from the force index on the chart. Supply is still very heavy. So a lot more work to do still.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.