Similar to a lot of price action in many markets of late, this market has stalled below a key level.
Price on the daily chart in recent times has been in an up-trend, but it has not yet been able to break this major resistance level.
This level looks key and if it gives way it would pave the way for breakout trades and quick intraday breakout and retest trades.
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
The S&P 500 has been in a Correction since February 2018. Some of you are worried about Corrections and Retracements and Down Markets. Don't be. They are a normal part of a Market life cycle. According to the Motley Fool, at fool.com,...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
Ford (Ticker: F) is in an Up Trend. Immediate area of resistance is the 100 Day Simple Moving Average sitting around $11.45. If it can blow past that it should reach my Resistance Trend Line around $11.80ish before coming back down to...
