As an amateur technician, I think I see a cup& handle and a double bottom. And if the S&P closes near it's current level today it looks like a breakout from a flag pattern. Anyone else agree with this bullish view or should I continue learning? I'm trying to attach a pic.....
Not sure about the cup and handle, but being bullish continues to be the right stance. SPX needs a few gap up days to get through overhead resistance. To load a picture, save one on your conputer and use the "browse" feature below.
The SOX is working on 2 patterns, one bullish and one bearish, so far the bears have it. The bulls need to hold this area to cause a short covering rally.
QQQQ weekly is at resistance and may roll over here as the DOW makes new highs. There is a daily inverted HnS pattern working right now that measure 41.45. Volume on the rallies has been tapering off a bit, so it is questionable whether this one will make it up there.