We are always on the lookout for chart patterns. Recently, we’ve found a bearish head-and-shoulders developing on Semiconductors (SMH). Looking at the daily chart below, we can see the pattern developing. However, we do have to point out participation. Note the very low percentages on %Stocks > 20/50EMAs. These are…
The recent decline last week revealed that the artificial intelligence bubble is deflating. Magnificent Seven stocks are unwinding in…
Much like the southeastern portion of the U.S. frets over the potential of devastating hurricanes, stock traders and investors…
We are always on the lookout for chart patterns. Recently, we’ve found a bearish head-and-shoulders developing on Semiconductors (SMH).…
As we have discussed many times, financial markets are fractal. Different timeframes produce similar price structures. This is a…
This week, the market appeared to shift dramatically from “stalling out at all-time highs” to more of a “big…
We are always on the lookout for chart patterns. Recently, we’ve found a bearish head-and-shoulders developing on Semiconductors (SMH).…
After initially forming a fresh incremental lifetime high, the markets succumbed to selling pressure from higher levels after spending…
As we have discussed many times, financial markets are fractal. Different timeframes produce similar price structures. This is a…