Monday 10 January 2021
S&P 500 intraday (1hr) chart opening with a Stage 4 continuation breakdown.
GOOGL approaching a test of its 200 day MA
$AMZN Potential for a Stage 4 breakdown attempt
Short side is dominating again today. $BTU is bucking the trend though with strong RS and moving above its +1x ATR level.
$NDX first major breakdown from the 1+ year old trendline on the log scale. So a change of behaviour. 200 day MA test looks likely.
$TSLA with strong RS today. Rebounding at the lower end of the trading range and 1000 level.
Gold Mining group $DJUSPM leading today
10 Nasdaq megacaps all showing spring type action into the end of the day.
Major Indexes comparison chart. Spring type action, but closed in a similar place to Friday, so an attempt to stop the decline, but too early to call it a bounce. Key candle imo is last Wednesdays significant bars which are resistance zones.
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.