Chart Trader

ChartTrader – SPY and QQQ Establish First Supports, XLK Forms Island Reversal, Support for CIBR, IGV, SMH, Setups for IBB, LHX (Premium)

We are in a bull market, but some indicators are still pointing to a corrective period and a correction may have started last week. First, fewer stocks made it back above their 50-day SMAs as SPY moved higher in the first half of February. Second, seasonal patterns turned negative last week (mid February). Thinking in tornado terms, a tornado

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