Post Profile

Technical Formation Typically Bullish

As shown in orange at the bottom of the following chart, RSI has an ascending triangle-like formation. A move in RSI above 63 would represent a breakout from what is typically a bullish continuation pattern. Should the triangle break to the downside, the S&P 500 has numerous forms of potential support between 1,396 [...]
read more


Related Posts

Could the Entire Post-2011 Move Be Just One Big False Breakout?

Business & Finance : Zero Hedge

And DOWN we go again. One of the most critical issues investors need to be aware of in today’s markets is the pattern of a “false breakout.” Most of the most famous technical patterns (head and shoulders, triangle pattern, a rising ...

Gold Stocks - Seasonal And Technicals Suggest Higher Prices

Business & Finance / Investing : Kevin's Market Blog

Above is a daily chart of the gold stocks index symbol XAU and as you can see we have a head and shoulders bottoming formation taking place. Today we saw the XAU index trade above the neckline confirming the bullish pattern. On a se...

Oil Breaks Out of Triangle, Pressures Build on GBP/CHF

Business & Finance : Business Insider: Money Game

CRUDE OIL: Breaks Out Of Symmetrical Triangle. CRUDE OIL: The commodity’s continued struggle to form a bottom ended the past week following a break out of its triangle pattern pushing it through the 94.63 level. This technical devel...

Silver and Silver Stocks Forming Bullish Cup and Handle Pattern

Business & Finance / Investing : Minyanville

A cup and handle pattern is a bullish continuation pattern that represents a period of consolidation followed by an eventual breakout which is the continuation of the previous trend. Typically these patterns last months not weeks or...

S&P 500 Triangle Typically Bullish (Short-Term)

Business & Finance / Investing : Short Takes

The S&P 500 has now made a lower high (orange arrows) and a higher low (green arrows), which has formed a triangle (see orange lines). A triangle is typically a continuation pattern, meaning the odds favor a bullish break from the t...


Copyright © 2016 Regator, LLC