What’s going on with Alibaba Group Holding Limited?
Those of you that are trend followers are probably eagerly watching Alibaba Group Holding Limited to see if its latest 31,38% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.
US Tech 100 Index – resistance line breached
US Tech 100 Index has broken through the resistance line of a Cunha descendente technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 13 days and suggests a […]
Will US Wall Street 30 Index have enough momentum to break resistance?
US Wall Street 30 Index is heading towards the resistance line of a Cunha descendente and could reach this point within the next 17 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the […]
Should we expect a breakout or a rebound on US Small Cap 2000 Index?
The movement of US Small Cap 2000 Index towards 2022.9301 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
US Wall Street 30 Index has broken through resistance
US Wall Street 30 Index has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 33429.8540 within the next 11 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation […]
US SPX 500 Index approaching support of a Canal descendente
US SPX 500 Index is approaching the support line of a Canal descendente. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
Either a rebound or a breakout imminent on US Small Cap 2000 Index
US Small Cap 2000 Index is heading towards the support line of a Canal descendente. If this movement continues, the price of US Small Cap 2000 Index could test 1924.3300 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding […]
US Small Cap 2000 Index – getting close to resistance of a Cunha descendente
US Small Cap 2000 Index is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within […]
A final push possible on US Wall Street 30 Index
US Wall Street 30 Index is heading towards 33016.3984 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back […]
Either a rebound or a breakout imminent on US Tech 100 Index
US Tech 100 Index is heading towards the resistance line of a Cunha ascendente. If this movement continues, the price of US Tech 100 Index could test 14331.9000 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]