Technical Snapshot – Industrials Sector (XLI)

Technical Snapshot – Industrials Sector (XLI)

Are we technically seeing a bullish flag pattern emerging? Today, the Industrials sector is the market’s top performer, up 2.68% while YTD it’s in the red (along with every sector except tech) down -18.82. Using XLI (SPDR ETF) as a proxy, we see resistance at 76.60...
Technical Snapshot – Gold (GC)

Technical Snapshot – Gold (GC)

As the S&P 500 wavers, gold futures remain steady, currently trading near the upper end of two-month trading range. Technically, this sideways motion, particularly considering the lack of volume, is neither bullish nor bearish…(it’s sideways). However, do pay...
ZYTrade Technical Snapshot – Cannabis Industry (MJ)

ZYTrade Technical Snapshot – Cannabis Industry (MJ)

Taking MJ as our industry proxy, the technical picture hasn’t changed much since we last reported. As you can see, the Fib retracement scenario we drew up last week is holding up, with 50% retracement support at 12.50. MJ can even retrace to the 11.00 range before the...
Bulkowski’s Pattern Trading Setups for the Weekend 6.26.20

Bulkowski’s Pattern Trading Setups for the Weekend 6.26.20

Curated by ZYTrade Editors   Originally posted at Thomas Bulkowski’s The Pattern Site   Bullish Patterns Symbol Chart Pattern Start End Industry ALKS Pipe bottom 06/08/2020 06/15/2020 Drug BMY Double Bottom, Adam and Adam 06/15/2020 06/19/2020 Drug CALM...