US Tech 100 Index approaching resistance of a Rising Wedge
US Tech 100 Index is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 11 hours.
Possibility of big movement expected on Biogen Idec Inc
Biogen Idec Inc has broken through a support line of a Rising Wedge and suggests a possible movement to 197.5032 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see […]
US SPX 500 Index has broken through resistance
US SPX 500 Index has broken through a resistance line. It has touched this line at least twice in the last 12 days. This breakout may indicate a potential move to 3973.1848 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of […]
US Wall Street 30 Index approaching resistance of a Rising Wedge
US Wall Street 30 Index is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days.
US SPX 500 Index – psychological price line breached
US SPX 500 Index has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 12 days and suggests a possible target level to be around 3911.4299 within […]
US SPX 500 Index approaching resistance of a Rising Wedge
US SPX 500 Index is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 7 hours.
Support line breached by Unitedhealth Group Inc.
Unitedhealth Group Inc. has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 488.3110 may materialize within the next 2 days.
Possible breach of support level by US Small Cap 2000 Index
US Small Cap 2000 Index is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If US Small Cap 2000 Index continues […]
Possible breach of resistance level by US Small Cap 2000 Index
US Small Cap 2000 Index is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If US Small Cap 2000 Index continues […]
US Tech 100 Index approaching resistance of a Ascending Triangle
US Tech 100 Index is approaching the resistance line of a Ascending Triangle. It has touched this line numerous times in the last 19 hours. If it tests this line again, it should do so in the next 5 hours.