Crazy One-Day Sell-off for Stocks! The stock market just got rocked with SPY dropping almost 5%, and the Nasdaq plunging 5.4%. Is this the start of a bigger crash, or just a sharp correction? In this video, I break down the technical analysis behind today's sell-off, covering key support and resistance levels, and discuss what
Since 2/17 IWM has been trading sideways on the 30 minute chart, but getting closer to a breakout here.
Understanding a Counter Trend Rally The Importance of Context in Trend Analysis Let’s talk about a counter trend rally as it applies to the stock market. The SPDR S&P 500 Trust ETF (SPY) mirrors the S&P 500 and its price action and for swing traders trying to predict and capture its price swings and understand
No, the stock market crashing - at least not yet! The stock market is not crashing right now and the question that should be asked is not whether the stock market is crashing, but how are we going to respond to what the stock market does next. In this video, I provide my technical analysis
Market Rotation Into Small caps is unfolding. IWM ETF appears to be set to make another rally here to the upside as the market rotation into small caps continues. Russell 2000 (IWM) pulled back late last week and is now bouncing off of the Fibonacci retracement levels and sets up for a potential rally higher
$QQQ 30 min chart will zero chill in it. . Another breakout attempt unfolding on $IWM today. A solid push through resistance so far. If $JETS breaks out of the continuation triangle, then it has to immediately contend with long-term declining resistance. A no-go for me. Heavy resistance getting tested on $ABNB. Remains inside of
$VIRT broke out of the base and through the declining trend-line. . $IWM gapped above resistance today, and has since pulled back for a retest. Watching here to see whether that level holds, or if it starts to fade and close the gap from this morning. Bull flag in $WYNN attempting to breakout. Rising trend-line
$PLTR - major gap still left unfilled, and a pullback to one of the two support levels underneath would be the best opportunity to me. $XHB consolidation prior to the the break through resistance, sets up well for higher prices with tight risk management. $IWM two hard rejections off of the 200-day moving average Heavy
$SMCI nearing a triangle breakout. $IWM declining trend-line getting tested here, with a massive gap underneath.
$MO getting steamrolled post earnings, but may find some support here off of long-term rising trend-line at $36. A lot of chasing taking place in $SAVA over the last two days, but you'll want to be mindful, if long, that there is some heavy resistance looming above. $LLY looks like it is on a crash