Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
The last four candlesticks are three doji's and a hanging man all indicating a trend change on tap, but the markets are not allowed to go down. The market action is fascinating; markets supported by the Fed's easy money and nothing else. The red lines show universal negative divergence across all indicators, a red rising wedge, and overbot conditions. This says down moving forward but the broad markets continue to hang on. Projection is lower prices moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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