We begin with another week of trading. Last week we had a somewhat sideways trading in the US market. Let's see what this week brings us.
With the S&P 500 trading very near to all time highs, we are actually running into resistance area. Therefore, one should expect some choppy trading ahead in the next few days to a week.
However, we should still remain bullish on the US market especially now that we are slowly heading into November. The S&P 500 is forming a large ascending triangle which is a bullish continuation pattern. As long as it stays above the lower trend line we should continue to be bullish.
If the S&P 500 can trade above the top of the pattern then we will experience a breakout that might send the markets higher.
Dec 01, 21 09:24 AM
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.
Dec 01, 21 05:20 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
Dec 01, 21 03:40 AM
How will the US stock market work in December? Will there be a rebound? Will the stock market continue to go higher?
Nov 30, 21 09:11 AM
Are the markets going to continue to move higher? Is it in an uptrend or downtrend and where are the support and resistance?
Nov 30, 21 06:07 AM
In this stock chart lesson, we will learn how LAC rose from $13 to $40. We will study the chart pattern and the technicals.