Charts + Technical Analysis

This is why the interest rates going up is so bad for the economy, and almost inevitable it breaks something in the system....Declining tax revenue, parabolic interest payments, and spending that has yet to cool down. $STUDY Declining channel seeing an upside break for $BAC following its earnings. $27-30 will still be a difficult price

$VIX Bears 11 times in a row continue to reject any movement above this threshold. Tight consolidation and continues to get rejected on the breakout attempts. Heavy resistance at the 200-day moving average as well. Strong potential for a downside break. $TNX Another jump in the 10-year yield sets up for another test of resistance

Massive rally in $GLD today pushing it above two separate resistance levels today. Watch as it tests the 200-day moving average now $VIX with a break back above major resistance. Key is to hold that level into the close. Rising resistance could prove important next week. A new layer of resistance is forming for $JPM

$GLD getting some push back here at the resistance from the broken descending triangle $XLE Watching for a pullback to the rising trend-line here. $IWM broke the rising trend-line today, and looking at another test of major price level support. Below that, watch for October '22 lows retest. $TPST Couldn't have seen that one coming...

$TPST might be one of the biggest one-day pump and dumps I've ever seen. You can expect plenty of bag holders to come out of that as they pile into the stock at absurd levels. Earnings for $DAL tomorrow will make or break this test of the rising trend-line and help determine direction going forward.

$GME with multiple layers of resistance from the declining trend-line to the price level resistance. Good chance of a rejection here. Base breakout for $XLY today. $JOBY breaking the declining trend-line. Next target is $6.87 then $7.60

$FL breaking Sept highs, and attempting to fill the gap from August lows. Hard fade in $VIX today, with the lower-channel band getting tested again. A break to the downside would likely signify more upside for equities. $LMT declining resistance and price level resistance overhead to watch. If US gets involved, or provides aide, likely

$AAPL broke back above short-term resistance, just be aware, if you played the break that a short-term declining trend-line could come into play and reject price. Some really heavy call buying in $META today, with most expiring before November OPEX Broke below major support, but $CRM ultimately found some support at a short-term declining channel

$COST breakout holding so far, but very little upside move since pushing through the resistance - just consolidation. Key support lies at the rising trend-line. Triangle in $GBTC nearing a breakout. A bit overextended inside the pattern, could benefit from a few days of consolidation first. The sell-off in $BYND is intense! $VIX struggling with

$JETS nearing a potential bounce off of long-term support here from '20. UPDATE: $MKC Following a break of the head and shoulders neckline, watch the rising trend-line getting retested from '08, and whether it can finally find some support here. $URA increasing potential for a test of the rising trend-line and bounce thereafter.