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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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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.
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