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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
May 22, 20 08:57 AM
Will the sell in May and go away materialize this year? Let us take a look at the charts of the market and see what it tells us.
May 22, 20 08:52 AM
KLCI has gone up quite a lot since the lows but where do we go from here? Let us take a look at the charts to analyze the KLCI.
Apr 30, 20 07:49 AM
What is the stock market likely to do from this impact of the Coronavirus? Will it continue to fall or a bottom is near. We will use charts to guide us.
Apr 30, 20 07:44 AM
The Malaysian stock market has been badly battered following political uncertainty and the Coronavirus. Let us chart the KLCI and see where it is likely to go.
Apr 24, 20 07:20 AM
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