Here is how I’m seeing the daily chart of some stock Indices shaping up this week (and one 4hr chart). Not a lot has changed since my w/e post. I did write a separate article over the w/e noting that I am looking for healthy pullback on some of the Indices and this remains a […]
It was over three years ago, in July 2014, when I charted the S&P500 and DJIA indices predicting bullish targets for their respective ascending triangle breakouts. Back then I noted a target for the S&P500 of around 2,500 and for the DJIA of around 21,000 although I was uncertain of the time frame for these […]
The top four Australian banks are forming up in new and large weekly-chart triangle patterns. Previous large triangles on these instruments eventually led to trend line breakouts that offered significant percentage gains circa 40 ~ 60%. Thus, the trend lines are worth monitoring here!
The Aussie stock market has under-performed most other global stock markets since the 2008/9 global recession but I’m wondering if it’s about to push higher in a seemingly gravity-defying action to correct this divergence in a better late than never move.
The following few stocks are on my radar for future trades. They are primarily NASDAQ stocks given the room to move on the index breakout pattern.