BTCUSD Gearing Up For Next Leg Higher
By Licia Leslie January 17, 2025 Hi Shoppers, Today I am watching for Bitcoin (Ticker: BTCUSD) to trade over my pitchfork resistance at $101,000: Once it has traded above here for a while, I will be shopping for calls in ProShares Bitcoin ETF (Ticker: BITO): I like next week’s 24.50 calls: My price target […]
Ride CCJ to $56
By Licia Leslie January 15, 2025 Hi Shoppers, Cameco Corporation (Ticker: CCJ) has traded down from the top of the pitchfork to the last rung of support with a change in trend candle: Monday’s candle, sitting right on support, is an inverted hammer and could be signaling a change in this downtrend. Tuesday’s action […]
SPX Support Levels
By Licia Leslie January 12, 2025 Hi Shoppers, Friday’s selloff has brought the S&P 500 Index (Ticker: SPX) to close below the neckline of the head and shoulders pattern I’ve been talking about: The blue line is the neckline and if the head and shoulders pattern is triggered, it will take SPX down to $5636 […]
NVDA Overdone or Going Lower?
By Licia Leslie January 8, 2025 Hi Shoppers, After a very nice three day rally, Nvidia (Ticker: NVDA) made a major reversal taking it down 6% creating a large bearish candle: It closed right on support of the median line and the 50 day moving average. So this morning I will be watching for […]
Key Support in SPX
By Licia Leslie January 5, 2025 Hi Shoppers, Even though Friday felt pretty bullish, there is a key support level we need to watch in the S&P 500 Index (Ticker: SPX). There is a possible head and shoulders pattern developing in the SPX which could be denoting the top is in and we […]
Change in Trend in BAC?
By Licia Leslie December 22, 2024 Hi Shoppers, Bank of America (Ticker: BAC) has a possible bullish engulfing candle denoting a change in this downtrend: And it coincides with the support of my pitchfork. Now as always, we wait for the confirmation of BAC trading higher, $44.66, for at least an hour on Monday […]
Where Are We Going From Here?
By Licia Leslie December 20, 2024 Hi Shoppers, Here is my chart for the S&P 500 Index (Ticker: SPX): The low both yesterday and Wednesday is right at the top of the gap created the day after the election which was also the low of the last pull back in November. That is some […]
Head and Shoulders in NVDA?
By Licia Leslie December 18, 2024 Hi Shoppers, I think there may be a head and shoulders pattern that has developed in Nvidia (Ticker: NVDA): Yesterday it traded and closed below the neckline which is at $132.19 and the MACD has turned bearish. Using the formula, this will take NVDA down to $115. […]
Highwave Doji in QQQ
By Licia Leslie December 15, 2024 Hi Shoppers, Friday’s action created a highwave doji in the Invesco QQQ Trust (Ticker: QQQ) just below the median line (resistance): This candle represents mass confusion. Neither the bulls nor the bears are in charge here which is denoted by the nonexistent real body; the opening and […]
We Are Back at $6050
By Licia Leslie December 13, 2024 Hi Shoppers, The S&P 500 Index (Ticker: SPX) blew through my resistance at $6050 but has since come back down to retest it. A very important charting rule: old resistance equals new support. Which is where we are now. Again, watch your five minute chart […]