Self-explanatory until it hits the 2nd support line.
Pretty much following GS' lead and the current presidential hype train. This one is no different.
Green dashed line - 1st line of resistance on the daily. Blue dashed line - resistance on the weekly
WYNN is still under accumulation and will be in it for a while. If it breaks down though, watch out. Not saying there are no trades to be made here. I'm just observing its behavior.
Assuming it doesn't falter (which I doubt), a gap trade exists for longs with good R/Rs.
This one looks especially nice, especially when seen from the weekly TF.
Still on point (with just a few cents away from breakdown target) and really just added a diagonal downtrending black line on the daily TF. It remains to be seen how the action goes for the remainder of the year though.
Pretty much like its peer, NKE, UA still in downtrend until further change in the trend.
At least this is what I'm seeing for NKE, as far as MAs and timeframes are concerned. I doubt the holiday shopping would be beneficial for them either.
Honestly, I'm not familiar with the ticker. But the timeframe MAs on the weekly and daily line up accordingly so it's a pretty chart to look at.
MA5 says its going down, but longer MA TFs say go up. Weeklys also agree that it is in uptrend. However, I'd rather way for confirmation on the breakdown/breakout (blue dashed line).
H&S pattern forming the right shoulder.. after that a descent to lower price points.
Well, indicators say the Mickey Mouse clubhouse is going to be strong for the foreseeable future... assuming no craptastic news from ESPN or any of its properties.
IBB has been one of those indexes that has been very easy to trade with, but "blink and you'll miss it" kinda deal. It's been a rough ride for the year, and if the chart is any indication, it's about to get tougher for this index (and its components) soon. No where but down.
It's a probability for the next year(s), especially given the high exuberance of the market(s) right now. But definitely something to watch. Who knows, it might break the dome like SPY/SPX did. No touch yet for me until good direction is given.
First chart to publish as part of my ongoing study to improve on trading. Possibly a short until it breaks out of the 20.74 Resistance AND the blackened down-trend line.