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SPX ( S&P500 ) as of November 06, 2020: SPX decreased by 1. 01 (-0.3%) points. The current rally of the index paused and made a Doji candle, a candle of indecision. As we anticipated the index reacted at supply zone before penetrating the neckline of the double bottom pattern. We won't be sure for now if the pause is for gaining strength or for a reversal, it...

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TSLA formed a symmetrical triangle in the daily chart, needs a breakout. It is making higher highs absorbing all the supply and it is likely that we will see an upside breakout soon.

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SPX ( S&P500 ) as of November 05, 2020: SPX increased by 67.01 (1.95%) points. The rally is continuing and the index is 40 points away from the neckline of the double bottom pattern. As the index has entered into the supply zone and the neckline is at 3550, it is likely that we may see a reaction around this level. In spite of this rally, the index is still in...

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SPX ( S&P500 ) as of November 04, 2020: SPX increased by 74.42 (2.21%) points. We are going through a rally and a follow-through of last day's move. The index strongly moved above the resistance of EMA20 and EMA50. The double bottom pattern is going to take full shape if it moves above the neckline @ 3550. But the supply zone is around 3550 as such we may see...

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SPX ( S&P500 ) as of November 03, 2020: SPX increased by 58 .92 (1.78%) points. We observed a follow-through of last day's move and the index filled the gap it created last week. The higher low is now more pronounced and the double bottom pattern is very noticeable. But the problem here is to confirm the double bottom pattern it needs a breakout from the...

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SPX ( S&P500 ) as of November 02, 2020: SPX increased by 40.28 (1.23%) points. An interesting situation here, SPX made a higher low last day, if it continues the rally to the upside we may see a reversal from the current decline. If the rally continues we may see a double bottom pattern instead of the double top pattern. But still, there is a chance of a complex...

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SPX ( S&P500 ) as of October 30, 2020: SPX decreased by 40.15 (-1.21%) points. The index made a lower low but recovered some lost points and made a partial hammer candle (pin bar). The double top pattern is still valid. The neckline of the double top pattern is at 3209.45, breaking of which will penetrate the WMA-200. If it happens, the long-term uptrend will...

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SPX ( S&P500 ) as of October 29, 2020: SPX increased by 39.09 (1.19%) points. The index made a weak effort for a reversal and made a lower low. For a reversal, it needs to make a higher low and fill the gap(marked in the chart). The double top pattern is still valid. The neckline of the double top pattern is at 3209.45, breaking of which will penetrate the...

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SPX (S&P500) as of October 28, 2020: SPX decreased by 119.65 (3.53%) points. The index gapped down today and forming a double top pattern ("M"). The neckline of the double top pattern is at 3209.45, breaking of which will penetrate the WMA-200. If it happens, the long-term uptrend will reverse and may lead to more downfall. However, if it goes below the dynamic...

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$SPX gapped down and forming a double top pattern, it invalidated the previous C&H pattern. If it breaks the neckline we may see a long-term downtrend.

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#SPX as of October 26, 2020, Daily Chart Analysis based on chart patterns and price action only, ignoring all the market noise. In the daily chart, the Cup and Handle pattern gets distorted but if it rebounds the next day it may complete the pattern but the chances are remote as the SPX made a lower low today. The index penetrated EMA-50 but closed above it but...

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TSLA made an all-time high on September 01, 2020, by touching 502.49(adjusted price). After that, it made a deep pullback and made a low of 329.88 on Sept 08, 2020, but got the support around EMA-50 and bounced back and touched 461.94, a lower high. And again made a pullback and touched 351.30 and again got support from EMA-50 and bounced back and subsequently...

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#SPX as of October 23, 2020, Daily & Weekly Chart Analysis based on chart patterns and price action only, ignoring all the market noise. In the daily chart, it may form a Cup and Handle pattern. The index got support around EMA20 and made a higher low, now it needs higher highs to complete the handle of the cup. The next resistance is around 3530 and if it fails...

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#YUM Made a breakout from the Cup & Handle Pattern in the daily chart and also made a breakout from the ascending triangle in the weekly chart. The next minor supply zone is around 105 level.

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$AMD Seems it is trying to resume the upward journey, got the support around EMA20, and going to move above EMA50, also made a higher low. Now it has to move through a moderate supply zone and may face a minor resistance around 88.