A wild and crazy week ended with the SPX and Dow breaking out of triangle patterns, but the QQQ stopped at the upper trendline of a similar pattern. Triangle breakouts often lead to explosive moves, but will this one. This report describes the parameters to watch for.
If this market makes you feel like tearing your hair out, you are not alone. Rangebound markets can do that. Indicators are conflicting and it’s not clear which way the breakout will be or even when it’s likely to occur. This report reveals the parameters that are likely to mark the trigger a big move.
The market has painted an inconclusive technical picture over the past 3 days. That reflects investor indecisiveness and indecision, and it’s usually associated with the development of rangebound markets. This article presents the parameters that will signal a change in the pattern.
The rebound raised more questions that it answered. The cycle picture is tangled mess. Because of the rally new potential uptrend channels have formed, and how the market behaves relative to their parameters should tell us what’s in store for the short to intermediate term.