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Touch blue line again the breakout would be more likely, I see it as a C&H instead of a small double top.
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DIA up on a gap. IWM chopping along. QQQ flat. SPY up.
Quiet day. Day traded some stocks, MSFT, INTC, EA, MRK. No index futures for me today; missed the signals for some scalps that were there. Like the man said in a movie: "Footwork, timing and hitting." Ha ha
Later ...
Charts posted are not recommendations. They are just a sharing of information.
When some family office fund can borrow 100 billion with about zero collateral and use unrecorded non-public transactions to goose their favorite stocks then low volume should not happen melt-ups are about guaranteed.
As the man said in "Margin Call" be first, be smartest or cheat.
Twitter crowd piling on to my thoughts about a gap and go Monday, only they are thinking it will be Powell behind it.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.