TrilogyAnalysis

TrilogyAnalysis Updated 

XLF - Is on the rise to break out of a very slight downward channel. A close above $24.93 will indicate a high probability of a bullish trend breaking out. The Rally is already starting to fan out and the Ichimoku Cloud is very bullish. The cloud thickening is a strong sign that price will continue at it's current rate of increase and the bullish trend is sustainable.

TrilogyAnalysis Updated 

BANK - Although for some reason today's candle is not yet on the chart you will see that price is bullish today and is struggling to break out of a falling wedge in an attempt to test the range of of a 4 month sideways channel. A close above $3751.34 will confirm the start of the rally back to $3835.21 | The 20 and 50 exponential moving averages are in favor of a...

TrilogyAnalysis Updated 

SPX - Is consolidating outside of it's upward channel in overbought conditions. This could be setting up a stair step continuation pattern which will be a bullish outlook for the week. Stochastic's is already overbought and may remain overextended for the week.

TrilogyAnalysis Updated 

DJI Broke a rising wedge and is now testing support of it's primary trend line which is also intersecting the top of price's old channel which is now acting as support. Speculating a bullish continuation with a bounce off the primary trend line which has fanned out in acceleration.

TrilogyAnalysis Updated 

A Rising Wedge formed and peaked at a major support level. Price is at the neck of the wedge and will not have room for daily volatility in the next session or two. Price is also walking the outer Bollinger band which is indicating a retracement down to the target zone at the middle Bollinger band. Consensus: The Rising Wedge and Bollinger Band's are indicating a...

TrilogyAnalysis Updated 

BAC has a lot of bullish sentiment and indication that it may diverge from the now forming bearish rising wedge. Price has just broke the middle band of the Bollinger Bands and may be on the way to walk the outer band located at $25.08. There is still a lot of room left for daily volatility at the top of the wedge, $.44. This is just about in line with the...

TrilogyAnalysis Updated 

Breakout on the cup and handle diverged and formed a small double top which is now reversing with the breakout of a falling wedge. I expect this to rally for the rest of the day and gap up in the morning following a rally for the rest of the day tomorrow. The fed meeting today did not leave investors with any surprise's and Bank stocks do not have anything to fear...

TrilogyAnalysis Updated 

BANK index: There is an enormous Adam and Eve double top forming inside the sideways channel. This may suggest that price is going to fall back to support. However there has been a lot of bearish divergence over the past two weeks and a corrective move bullish may push price into a breakout out of the sideways channel diverging from the bearish double top. As it...

TrilogyAnalysis Updated 

AAL looks like it has slightly diverged from its bullish breakout of a falling wedge. None the less Friday did close with a large bullish candle after a huge gap down divergent to the falling wedge pattern. Price has been trading with the support of accelerating fan lines and may have an overall target back to the lower support line. However oil this week looks...

TrilogyAnalysis Updated 

DAL just like AAL looks like it is ready to breakout out bullish from a falling wedge. Price is oversold on Stochastic's and the Sentiment Zone with the RVGI crossing over bullish. The first target is on the 31.8% line at about $51.97 which should be hit by Thursday or Friday. Use your 8 EMA or daily volatility to place your stop.

TrilogyAnalysis Updated 

BAC is running into a major support line as well as nearing the support of the Upward Channel Price has been trading in for the past few months. The Falling Wedge is tightened up and will not fit another day of volatility in it. Stochastic's is in a long term up trend, the Stochastic's RSI is trending out of oversold and the Sentiment Zone Oscillator is going to...

TrilogyAnalysis Updated 

BAC | Going into the market for 8.2.17 price has already traded to Gap up above a major resistance line and currently is at $24.49 at the close on 8.1.17, indicating a rally. Price has broken the confluence between the Fibonacci Retracement and Fibonacci Extension tool, indicating a further rally. It has also broken the 61.8% line on the Fibonacci Retracement...

TrilogyAnalysis Updated 

M | Basic setup, Price is trading in a sideways channel between major support and resistance lines. Currently price has formed a downward moving channel bouncing off the top of the range. There is Fibonacci confluence at the .318% line if price closes below this it is indicating a bearish reversal all the way to support of the channel. A close outside the .618%...

TrilogyAnalysis Updated 

JCP | Overview: JCP has been diverging bullish for months (in yellow), the first chance it had to correct was in Q1, and the corrective move failed into a continuation. Going into Q2 I don't think JCP is going to correct into a bullish trend but will correct into a long sideways moving channel, which price is trading in right now. Price is now trading near the...

TrilogyAnalysis Updated 

EURUSD |A quick profile on price action: Price is reversing to rally towards the range of a falling wedge. There is two common support zones that price will have to rally through for confirmation of a continuation. There is also an area of confluence in yellow, if price breaks this it is an indication of a rally to the range of the wedge. A close outside the range...

TrilogyAnalysis Updated 

INTC | Price has formed a rising wedge and has already began breaking out. Sellers have had control of the market for the past two trading sessions closing each day bearish, which is the indication the bearish breakout of the rising wedge has started. A large inverted Head+Shoulders pattern (grey) is forming as an underlying pattern to the breakout on the falling...

TrilogyAnalysis Updated 

MSFT | A quick profile: Price has formed a Falling Wedge Chart pattern inside a Downward Moving Channel. There is only 40 cents of room left for daily volatility inside the wedge which suggests a bullish breakout within the next two trading sessions. There is a strong support line directly under price as well as the .5% Fibonacci Retracement line. RVGI has already...

TrilogyAnalysis Updated 

BAC | Price has formed a falling wedge and is now resting at a major support zone. There are many strong pivot points in the support zone that has closed price in consolidation numerous times over the past 5 months. There is only 12 cents of volatility left inside the wedge which is indicating a bullish breakout as well as bullish confluence about 30 cents above...