Double Bottom


Monthly time frame: On February the 10 mma crossed below the 20 mma. Odds should favor a new bear cycle like the 2000 and 2007 bear markets (Red arrows). During a bear cycle there are snapback rallies that fail at 10 mma (Black arrows) SP500 is now almost backtesting the 10 mma which today stands […]


Interesting day for Twitter In a sea of red Twitter today stands out with a bullish reversal candlestick (Hammer) after completing a potential falling wedge. In addition the RSI(5) is displaying a positive divergence


The distinctive and frustrating feature that stands out is that from the February high price has been trapped in a trading range. Bulls have tried but failed to sustain a breakout above the February high at 2120 twice ( April peak and May peak), but it is also true that Bears have not been able […]


Weekly time frame: The Dax has declined from the April high almost 13% reaching the 0.382 retracement of the rally from the October 2014 low If the weekly Hammer candlestick is confirmed tomorrow, then odds should favour a countertrend rebound The immediate hurdle is located at the 27 wma and horizontal resistance at 11165 Above […]