We’ve been looking at the 108 Voodoo Fireline as a downside target in TSLA for several weeks. It reached down towards that level earlier this week and then started to bounce. Is it ready to recover from this important level?
We’ve been looking at the 108 Voodoo Fireline as a downside target in TSLA for several weeks. It reached down towards that level earlier this week and then started to bounce. Is it ready to recover from this important level?
By the end of the last trading day of the year, the S&P 500 mostly shrugged off a bearish open to the day. That positive outlook might carry over into the start of they year, but it’s unclear how long it can continue after that.
Most expect a huge beginning of the year rally. But if world markets and bonds cannot rally, then markets may make new lows soon.
ADBE is trading right at the 100 SMA on the Daily Chart and continues to hold it as resistance. In this video I walk through a few different trade ideas to consider if the underlying price continues to hold the 100 SMA as resistance as well as some potential targets both up and down in case it breaks above this level.
In this video I walk through both MCD and SBUX chart patterns as well as a few different trade ideas to consider if support levels continue to hold.
Resistance earlier this month at Voodoo Firelines in both the S&P 500 and NASDAQ-100 create roadmaps which point lower. The picture will remain bearish so long as bounces respect Voodoo Lines resistance.
The bounce from last Thursday’s low arrived right on time both for the typical start of a Santa rally and for the end of a five-wave pattern from the 12/13 high. However, the structure of the bounce appears counter-trend and the S&P 500 could roll back over once Santa’s influence wanes.
In this video, we look at today’s continued selling and the last several weeks of market action. What do we make of this market action and where do we go from here? As we go into the end of the year, we look at the charts and try to figure out if we go higher or lower and more importantly, what happens in 2023?