We had a nice intraday rally yesterday and today it looks like its going to be another sell off. Things can be quite exciting for the intraday trader as the market keeps giving uptrends and downtrends in the 5 min chart. So, opportunities abound for intraday trades.
The 15 min chart shows how the Dow collapsed as it broke an uptrend line. If support cannot hold then there will be more selling today.
Since we are in a downtrend in the 60 min chart any rally up should be closed fast meaning intraday plays for longs while for shorts its alright to hold overnight. The breaking of trend line will usually send the market lower for a day or two.
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.
Feb 25, 21 07:54 AM
In this week we will have a look at VUZI, KSS, PBCT, CBRE, SPG, KPOWER and the lessons from their chart.