Range or Change?S&P 500 Cap Weight vs S&P 500 Equal Weight$SPX $SPY $ES_F $RSP pic.twitter.com/ZhqZYXD3yN — David Zarling (@AdaptivCharts) April 28, 2020 Today’s Chart of the Day was shared on Twitter by David Zarling (@AdaptivCharts). It is a ratio chart showing the cap-weighted S&P 500 ETF $SPY, vs. the equal-weighted S&P 500 ETF, $RSP. When the line […]
Chart of the Day – Wednesday, February 5th, 2020
Polarity is very normal.Russell 2000$IWM $RTY $TF_F pic.twitter.com/isfMJ6ZY1p — David Zarling (@AdaptivCharts) February 5, 2020 Today’s Chart of the Day was shared on Twitter by David Zarling (@AdaptivCharts). It’s a daily candlestick chart of the Small-Cap Russell 2000 ETF, $IWM. The chart serves as a textbook example of a concept in technical analysis known as […]
Shooting Star Candlesticks
Today, all of the major US stock indices formed what’s referred to by technicians as a shooting star candle on their daily charts. These candles were formed when price gaped up, continued to move higher before reversing and closing lower than where they opened. Shooting star candles are similar to inverted hammer candles, both have short bodies […]