Monday, August 24, 2020

CCL - Inverse Head and Shoulders

Here we have a nice example of an inverse head and shoulders bottoming pattern.

Price bottomed right at the August 7th turn date.  Breakout soon!

60min Chart

Tuesday, August 18, 2020

$SPX - At Resistance

SPX has reached resistance as expected.

Price has overthrown the blue approximately the same amount as the undercut in March.  It probably is not ready for a large decline yet, but it will have some difficulty here at least.


Saturday, August 8, 2020

SVXY - Flag Formation Reaching Maturity

SVXY has formed a flag.  The pattern is nearing maturity.

Once the pattern completes this Fall, it is extremely bearish for SVXY.  All markets are increasingly volatile.  

Volatility has entered into mega bull market.


Mega Bull Volatility


Wednesday, August 5, 2020

CCL - Carnival Stock it Floats

Cruiseships are one of the last remaining reopening trades.  The trade is set to benefit greatly as schools get ready to reopen into September.

It looks excellent for a turn now with a reversal on the weekly bar.

Daily Chart