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Weekend Journal Sunday December 10, 2017

Posted on Sunday December 10, 2017

 

Weekly Summary:

  • Sideways choppy post target consolidation continues
  • Still no bearish price action to speak up. 


Charts of US Indexes:

Sideways trading range, much like S&P


Watching these two patterns. Bears have been taken to the woodshed forever, so continue to look to be buyer until bears can prove themselves.

 

 

The Bottom Line:  
After acquiring the upside target to end November, we are now stuck in a sideways trading range. From an S&P perspective we are watching the mini inverse H&S to see if it can take us out of the trading range. 

IBB- Major support so far has held in this one. Keep an eye on it as this could be a big move to the upside if the bears fail here with this smaller reversal pattern. 

Big Bullish base forming? 

SWING Trades:

Triggered VRX. 28.19 target.

All of the charts and commentary below are provided as information only and do not constitute a trade recommendation nor investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise

 

 

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