Would You Buy This Chart?
A fun and interesting excercise in technical analysis from The Big Picture.
Similar Posts
The Market Is Breaking Down: S&P: Failed Breakout, NVDA: Exhaustion Bar, CRM: Beneath The Surface Another One Bites The Dust
On Thursday, the S&P closed below 5,250 – the breakout level from March 28. This is what is called a “failed breakout” in classical technical anaylsis. “From failed moves come fast moves”. In other words, we are looking at a…
The Market Appears Unstoppable But Is It?
Even a downgrade of the US credit rating by Moody’s couldn’t derail the current momentum in the stock market Monday as the S&P clawed back all of the 60 points it lost at the open plus 5. The technicals have…
