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The Dow really had a big selloff yesterday only to form a 60 min bottoming tail near the daily 50 MA support. On the daily charts, the Dow and SPX is still in consolidation mode. While most of the exciting action happened in shorter time frames, the daily charts tell us the bulls and bear are still equal in the Dow and SPX. For tech stocks and the Nasdaq Composite, things are different. They are in a bull mode and look set to go higher no matter what the Dow and SPX does.
Jan 18, 21 10:34 AM
New chart lesson for the 3rd week of January 2021. Hope you can benefit from this.
Jan 04, 21 11:30 AM
In this week's chart lessons, we will have a look at bitcoin and other charts.
Dec 29, 20 07:47 AM
We should continue to be bullish on the S&P 500 as a weekly bottoming tail forms in this uptrend.
Dec 22, 20 09:27 AM
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
Dec 15, 20 09:53 AM
December 14 2020 will go down in history as one of those moments where 2 sets of electors emerge for swing states in the US Presidential Election.