The bonds chart

The bonds chart

Taking a quick look at bonds, we can see that over the last few weeks, the bonds have produced an ASCENDING TRIANGLE.

These are seen as bullish patterns and more often then not precede higher prices, especially if we break that top resistance point at 133.40 mark.

If we do break this top resistance, that will probably not bode well for the market.  Time will tell.

bonds chart

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today!



Powered by 123ContactForm | Report abuse

For all other enquiries ==>  CLICK HERE TO CONTACT US

Nasdaq chart - Nasdaq chart is telling

We can see that the Nasdaq or the leader of the market has been holding well. Right now on the daily chart you can clearly see we have an ADSCENDING TRIANGLE on a POLE and we have just broken out of the resistance and we are peeking our head just a little above that resistance line. Interesting!

In our view this is BULLISH looking chart and can preceed higher prices. Time will tell.

Happy trading.

Ascending Triangle on a pole

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today! 

ascending triangle pattern

ascending triangle pattern

There is nothing much to report here in OPEX, as all seems to be quiet going into the end of the week.

Tomorrow we have the JOBLESS CLAIMS, the philly fed, and a few earnings report to kick off the day.

It seems right now, every time the S&P comes off 5-7 points we rally higher into the end of the day.

What I thought was worth mentioning is the NASDAQ chart which seems to be bumping and grinding a little higher. But on the daily chart below, we seemed to have formed an ASCENDING TRIANGLE on a pole.

normally these sorts of patterns precede higher prices, especially with the indices.

ascending triangle pattern

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today!