As of 06/02/2023
Indus: 33,763 +701.19 +2.1%
Trans: 14,150 +270.31 +1.9%
Utils: 900 +9.20 +1.0%
Nasdaq: 13,241 +139.79 +1.1%
S&P 500: 4,282 +61.35 +1.5%
|
YTD
+1.9%
+5.7%
-7.0%
+26.5%
+11.5%
|
 33,950 or 32,000 by 06/15/202314,600 or 13,350 by 06/15/2023935 or 880 by 06/15/202313,600 or 12,200 by 06/15/20234,350 or 4,000 by 06/15/2023 |
As of 06/02/2023
Indus: 33,763 +701.19 +2.1%
Trans: 14,150 +270.31 +1.9%
Utils: 900 +9.20 +1.0%
Nasdaq: 13,241 +139.79 +1.1%
S&P 500: 4,282 +61.35 +1.5%
|
YTD
+1.9%
+5.7%
-7.0%
+26.5%
+11.5%
| |
|
33,950 or 32,000 by 06/15/202314,600 or 13,350 by 06/15/2023935 or 880 by 06/15/202313,600 or 12,200 by 06/15/20234,350 or 4,000 by 06/15/2023 | ||
Released 11/29/2021.
Below is a slider quiz to test your trading ability. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
What chart patterns can you find? Look for the following (if you find others, great!): symmetrical triangle, falling wedge, broadening top, triple bottom, big W.
Price has broken out downward from the falling wedge.
Answer 1 (buy?): Sell short, if you dare, because of the downward breakout.
Answer 2 (target?): I would expect price to decline to the flag at A, a knot of support that might cause a pullback. After that, I would expect a continued decline because the odds favor it (53% of the time).
Answer 3: If price closes above the top trendline, then I would close out my position.
Price made a lower low the next day but then gapped up to close above the top trendline. That would be the exit signal. A downward breakout followed by a quick reverse is common behavior for falling wedges, since it happens 31% of the time. That may not sound like much until it happens to a stock you have shorted.
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