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
Jul 30, 21 09:54 AM
Take a look at the various charts of the stock market for the month of July. Interesting to note that the uptrend is still intact.
Mar 23, 21 08:25 AM
This week let us take a look at the SPX and TSLA. See what we can learn from their charts.
Mar 19, 21 05:24 AM
In this week we will have a look at Bitcoin, ETN and MAT, SPX and QQQ and see what we can learn from its chart.
Mar 09, 21 08:33 AM
In this week's lesson, let's take a look at bitcoin and makita.
Mar 03, 21 09:48 AM
In this week we will take a look at BRX and KIM and see what we can learn from the charts.