Join Dstockmarket's Community - Daily Market Analysis, Individual Stock Analysis.
The stock market rebounded and shot higher just as we anticipated. The QQQs also broke above a 15 min ascending triangle. Meanwhile oil has broken out of a 60 min ascending triangle. Bitcoin which broke out of an ascending triangle in the 60 min also continued higher but as it reaches resistance area, we can expect it to slow down and hopefully trade sideways more so that we can find another bullish consolidation breakout.
Let's take a look at the charts below and see what it wants to tell us.
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
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.
Dec 07, 20 10:04 AM
Despite mainstream media reports of a Biden win, Donald Trump is still contesting the election results.