$XLK fighting a major resistance level that goes back for the past year. Â
Stocks like $TOP are pump and dumps, yet people still never learn. They still have to chase and then blame the boogeyman when it doesn’t work out. Bearish Â
$XLE pullback to the rising trend-line from January ’22. Watch for a potential bounce there. Â
$XLK price level resistance and upper channel resistance pushing back on the $XLKÂ move back to last August highs. Â
$SOFI breaking the trend-line off of its lows. Â
Despite yesterday’s breakdown, $HON has quickly reversed course and now on the verge of a breakout. Quite the clown market we are in. Â
Bull flag that $FDX was so close to breaking out of is now in a full breakdown. I’m expecting a retest of the rising trend-line off of the September lows. Â
Watch for an eventual test of support at $155 for $UPS, creating a huge head and shoulders pattern in the process. Â
$SQ looks like it is using the rising trend-line here as its support level, but even if it bounces, there is some short-term resistance in play. Â
$ARKW continues to see heavy rejection at the declining resistance level going back to last May. Â