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03/23/2019 |

Market Update Into 3/25: The Markets Take a Turn

In this weekend’s blog post, we take a look at some of the broad market ETFs as well as $CHK, acting as a proxy for oil moves. Make sure to check out our interview and analysis on Benzinga on Monday morning. Click here to tune in!

Weekend Video Analysis


$SPY: Daily Chart

$SPY daily chart.

$CHK: Daily Chart

$CHK daily chart.

$QQQ: Daily Chart

$QQQ daily chart.


$CHK: Before vs. After

The weekend’s “before” and “after” shows $CHK forming a doji right at the ascending triangle support and then bouncing hard to test the resistance above. This event is a great example of how you could have created an alert above to be alerted right when price action touched this trendline. Click here to learn more!

Before

$CHK "before" chart forming a doji right at the ascending triangle support and then bouncing hard to test the resistance above.

After

$CHK "after" chart forming a doji right at the ascending triangle support and then bouncing hard to test the resistance above.