This is a bar chart of the SPX showing a shooting star pattern (close near lows of day). Many times when this happens, the market is short term exhausted. Still not picking a top, but keeping an open mind for a shallow pullback to retest rising 10sma. Stay long vs stops, dont pick tops.
Nasdaq in an 35 day UPTREND but now with gaps to fill both above and below. Keep an open mind for a retest of the 200sma. Stay long vs your stops, dont pick tops.
Fitzstock Charts now has over 1,000 different stock options that have DOUBLED from our suggested entries, while some options have returned over 600%
We are educating traders around the world with our Rules of Engagement (ROE) based on market trend. If you are under performing the stock market with your trades and investments, it is never too late to upgrade.
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Learn stock trading and how to day trade stocks with Fitzstock Charts. We scan for historical chart pattern comparisons with trading rules of engagements. The #1 Stock trading consultant in the business, teaching you how to get started trading. Learn how to read stock charts with our key essentials to trading success. We find the best stock charts and implement stock options trading strategies with stock chart technical analysis. If you want learn more stock chart analysis, check out my daily blog updates.
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