Weekly price is on bearish breakdown: the price is breaking Ichimoku cloud together with Senkou Span line which is the border between the primary bearish and the primary bullish trend on the chart. Price is breaking 4264.81 support level to below together with descending triangle pattern for the bearish breakdown to be continuing. Chinkou Span line crossed the price to below for the breakdown, and Absolute Strength indicator is estimating the primary bearish market condition in the future to be ...
The U.S. stock market attempted to break out of its trading range last week, but it was a false breakout. Here's what to watch now. The S&P 500 attempted to break above its 2,100 resistance level last week, but that breakout was thwarted in the past few days when the index sliced back below this level. S&P 500 is back in its trading range between its recent highs and recent lows. This range needs to be broken. Dow is in a ...
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