03Sep3:40 pmEST

The Lighter and Darker Side of a Range

GM looks like a viable short idea, possibly bear-flagging on its daily chart, first below, underneath all moving averages. 

On the other side of the tape, LRCX continues to exude excellent relative strength among the chips, seen on the second daily chart. 

In order for bulls to find a silver lining to today's action in the broad market, it is very likely that $185 needs to hold on the QQQ ETF for them to claim we just made a higher low. 

Stay tuned. 

Comically Choppy Narrow Rang... Coup d'état in Software

 
BackToTop
 

This website is intended for educational purposes only. | © 2019 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site