SPR today hit the bottom of its recent price channel with a nasty bearish candle. It has formed a nearly flawless head and shoulders pattern, and the question now is whether it holds at current support and heads back up or falls down to the necklines of the pattern. If it closes under the channel support, I would consider this a short opportunity down to the...
TVC:IXIC Drew this chart last week, but forgot to publish it. The Nasdaq, as expected, on Friday hit this resistance area and pulled back. The Nasdaq recently broke down under its covid-recovery trendline. This likely indicates either a slower rate of rise or sideway trading for awhile, but it could also signal a larger move downward, particularly if the Nasdaq...
