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
May 05, 22 10:24 AM
What is the market doing and what is it likely to do?
Apr 27, 22 09:01 AM
As we enter April, will we continue to move higher or will there be a correction coming?
Apr 13, 22 11:46 PM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.
Apr 12, 22 09:38 AM
Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off
Apr 12, 22 09:34 AM
Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.