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.
Nov 26, 21 08:04 AM
A technical outlook of NVDA's stock price. Is the stock in an uptrend or downtrend, where is support and resistance?
Nov 26, 21 07:17 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 24, 21 05:47 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
Nov 24, 21 05:33 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.
Nov 24, 21 05:25 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.