S&P 500 Finding Resistance Difficult To PenetrateLast post: August 7th 2019. See chart .
Review: Price was finding support after breaking through a previous support level.
Update: Price has started to go sideways and is struggling to break above the resistance level.
Conclusion: We need to wait for price to break through resistance followed by the previous all-time high to help us confirm a continuation to the upside.
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Gold Finding Support At The $1,500 Round NumberLast post: July 13th 2019.
Review: Price was consolidating.
Update: Since then we have seen a nice move to the upside but price is now starting to pull back, using the $1,500 round number as support.
Conclusion: To confirm a continuation of the upside, we want price to break and close above the previous high.
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Starbucks Moving Towards The Previous HighLast post: August 7th 2019. See chart .
Review: Price gapped up, and started to pull back.
Update: Price filled around 50% of the gap and has started to rise again.
Conclusion: If the bulls can continue to have control then we should see a break of the previous high soon.
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£20 Round Number Supporting GreggsLast post: August 13th 2019. See chart .
Review: Price was on the decline and was approaching £20.
Update: Price has now found support at the £20 round number.
Conclusion: We want to see if the support zone holds and pushes price back up. If it does, then we may see some long opportunity setups appear in the near future.
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The Pound Weakens Against The DollarLast post: May 30th 2019. See chart .
Review: Price was in a period of consolidation.
Update: Price has moved a lot lower since the last post as the pound has continued to weaken.
Conclusion: The trend to the downside looks good but there is still strong support below in the form of the previous all-time low. If this area is taken out then we should see further weakness.
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Greggs Experiencing A Deep PullbackLast post: July 28th 2019. See chart.
Review: Price was trending up nicely and was above the 50 simple moving average.
Update: Since then price has moved down through the 50 simple moving average and is heading towards the £20 round number.
Conclusion: We need to see if any support levels will hold price and help it reverse back to the upside. Otherwise, we may still see further moves to the downside.
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JD Sports Going SidewaysLast post: July 31st 2019. See chart .
Review: Price was trying to break through resistance.
Update: Price failed to break resistance and is now stuck in a period of consolidation.
Conclusion: We need to wait and see if price breaks through the consolidation support or resistance level.
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The GBPJPY Continues To Fall Further DownLast post: August 7th 2019. See chart .
Review: Price was showing weakness and remained below the support level turned resistance.
Update: Price has weakened further since the last post.
Conclusion: At the moment price is showing no signs of reversing so we can expect further moves to the downside.
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Bitcoin Stuck In ConsolidationLast post: July 19th 2019. See chart .
Review: Price was trading back above the 50 simple moving average and the $10,000 round number.
Update: Price looked bullish recently but is stuck in an area of consolidation
Conclusion: We need price to break out of consolidation to confirm the trend direction.
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Starbucks Trying To Fill The GapLast post: July 28th 2019. See chart .
Review: Price gapped up, showing strength to the upside.
Update: Price has pulled back and has filled half of the gap.
Conclusion: If this pullback has already found support then we want to see if price will break and close above the previous high and $100 round number.
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GBPJPY Continues Down After Breaking SupportLast post: August 1st 2019. See chart .
Review: Price was heading towards the support level.
Update: Price is now trading below support which is now resistance and could potentially move lower.
Conclusion: If price will continue lower then it will present us with shorting opportunities.
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S&P 500 Now Below SupportLast post: August 1st 2019. See chart.
Review: Price was heading towards a support level.
Update: Price has shown weakness by smashing through support.
Conclusion: We need to wait and see whether price will fill the gap and eventually break back above resistance.
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S&P 500 Coming To SupportLast post: July 13th 2019. See chart .
Review: Price had created a new all-time high.
Update: Price has shown weakness with the sellers forcing price towards the support level.
Conclusion: As long as support holds, we should see a resumption of the uptrend.
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Microsoft Pulling BackLast post: July 28th 2019. See chart .
Review: Price was in a nice uptrend.
Update: Price is currently pulling back. Price may come down to reach the 50 simple moving average.
Conclusion: A break of the previous high will confirm a continuation to the upside.
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GBPJPY Drops Even FurtherLast post: July 28th 2019. See chart .
Review: Price pulled back during the downtrend but then started to move down again.
Update: We are seeing a continuation to the downside.
Conclusion: We want to see if the support level will be broken which will confirm further moves to the downside.
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JD Sports Ready To Break ResistanceLast post: September 12th 2019. See chart .
Review: Price had been creating new all-time highs before forming a deep pullback.
Update: Price is looking bullish again but there is a resistance level standing in its path.
Conclusion: If price can successfully break and close above resistance then we should be presented with long opportunities.
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Starbucks Gaps UpLast post: July 13th 2019. See chart.
Review: Price was trending up nicely.
Update: Due to earnings, price has gapped up showing further strength.
Conclusion: We want to see if the gap will be filled or whether price continues to create new all-time highs
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GBPJPY Continues To WeakenLast post: July 3rd 2019. See chart.
Review: Price had been consistently heading down.
Update: Price pulled back but is heading back down again.
Conclusion: If we see a break of the previous low then we should see further weakness.
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Greggs Is Taking A BreatherLast post: July 19th 2019. See chart .
Review: Price was in a nice linear trend.
Update: Since then we are seeing price pulling back as it may be exhausted from the strong trend.
Conclusion: As long as the pullback is not deep we should see a resumption of the trend.
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Microsoft Trending WellLast post: May 20th 2019. See chart .
Review: Price was trading below the resistance level.
Update: Price is now comfortably trading higher than the resistance level.
Conclusion: As long as price continues to create higher highs and higher lows, this stock should continue to trend well.
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Bitcoin Stalling For NowLast post: May 30th 2019. See chart .
Review: Price was looking strong after breaking above resistance.
Update: Price has since pulled back to the daily 50 simple moving average and is now trading back above the $10,000 round number.
Conclusion: Price appears to be in consolidation so we want to see a break above the previous high to confirm a bullish trend.
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Greggs Continues To Fly HighLast post: June 6th 2019. See chart .
Review: Price broke above the previous high.
Update: Since then we have seen this stock continue to move higher.
Conclusion: Price is in a nice linear trend and should continue to the upside for now.
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Palladium Showing WeaknessLast post: June 25th 2019. See chart .
Review: Price was moving towards resistance.
Update: Price has now started to pull back and is approaching the support level.
Conclusion: If price comes down to support and that level holds, then we may see another move to the upside.
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