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Daily Stock Market Analysis Sept 27 2017 Wednesday

The market entered into an indecision point yesterday with the QQQs unable to hold on to the gains it made in the morning. Although the QQQ is oversold in the daily chart, there is still no sign of a decisive bottoming in the lower timeframes. The S&P 500 index on the other hand is forming a triangle and we still do not know which way it wants to break out of in the 60 min chart. Bitcoin seems to like to make ascending triangle patterns lately. Broke out of another one again.

Let's look at the charts below.

Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com

Charts with the investing.com logo are courtesy of Investing.com powered by Trading View

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