Join Dstockmarket Telegram Group
Join Dstockmarket Facebook Page
Technical Analysis Of US Stock Market April 4 2018 Wednesday
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.
- Help support this page and press the Facebook Like button below. Thanks!
Join Dstockmarket's Facebook Page
Recent Articles
-
Market Analysis July 2021
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.
-
Chart Lessons March 4th Week 2021
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.
-
Chart Lessons March 3rd Week 2021
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.
-
Chart Lessons March 2nd Week 2021
Mar 09, 21 08:33 AM
In this week's lesson, let's take a look at bitcoin and makita.
-
Chart Lessons March 1st Week 2021
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.
New! Comments
Have your say about what you just read! Leave me a comment in the box below.