The stock indices I monitor remain range-bound in various consolidation-style patterns on their 4hr charts. The hope of course being IF the breakouts eventually arrive then the moves will be substantial. Here are how the 4hr charts are shaping up as I see them.

I posted some stock index charts on Tuesday but note little has changed over the last session. There are still technical patterns in play giving traders trend lines to watch for any momentum-based breakout.

Yesterday I Tweeted with suggested technical patterns on the major stock index charts as possibly being useful to gauge any potential breakout move however Monday’s last session was rather choppy and so no breakouts were triggered. I have noticed this morning though that there are larger patterns on the 4hr charts for these indices and so […]

TMV is a triple leveraged ETF, released in 2009, that tracks 3 x the inverse performance of the NYSE 20 Year Plus Treasury Bond Index.  I came across this ticker today and, whilst very cautious with leveraged ETFs, it was the technical pattern I saw on the chart that drew me right in.

The 4hr charts of some stock indices show a bit of consolidation ahead of President Trump’s address to a joint session of Congress but this gives traders trend lines to watch for any momentum-based breakout.