it is NOT a coincidence, but it doesnt mean it is perfect or will work every time it should be viewed as a #levelofinterest pic.twitter.com/Rqm2Rg1H3U — Brian Shannon, CMT (@alphatrends) September 17, 2021 Today’s Chart of the Day was shared by Brian Shannon (@alphatrends). All eyes continue to be on the 50-day moving average as the S&P […]
Chart of the Day – Wednesday, May 26th, 2021
is #Ethereum $ETH.X a buy here?not for me.. pic.twitter.com/2DuZBsGyPR — Brian Shannon, CMT (@alphatrends) May 26, 2021 Today’s Chart of the Day was shared by Brian Shannon (@alphatrends). It’s a 2-hour candlestick chart of Ethereum ($ETHUSD). Brian reminds us that trying to catch a falling knife often ends in pain. Ethereum peaked around $4,330 on […]
Chart of the Day – Thursday, July 30th, 2020
I cringe when I hear people say "Intel's a good co, its down too much, Im buying here" Look how that has worked the last 2 times, if you scroll back on your chart you will see it has history of disappointing "dip buyers" $INTC so many stocks in uptrends, y waste your time? pic.twitter.com/hlejrfCaKn […]
Chart of the Day – Friday, February 21st, 2020
For the last 15 or so years, my number one intermediate-term bias tool for the market (and individual stocks) is where the price is in relation to and the direction of the 5 DMA Lower low and lower high below flat/decl 5dma = bearish intermediate-term bias for now $SPY pic.twitter.com/9ZkJKgciBB — Brian Shannon, CMT (@alphatrends) […]
Chart of the Day – Thursday, December 5th, 2019
Gold $GLD found buyers at the 38.2% retracement of the April low to the Aug high, that retracement is also the VWAP anchored off the Apr low. That is the good news for gold bulls. The bad news is, there's a lot of price memory ahead that will likely take time to work thru […]