The updated and
annotated daily chart of the S&P 500, seen below, should illustrate to you what a hammer looks like, based on today's price action.
The technical swing trade setup for $ MX is shown on
the annotated daily chart below:
Our annotated daily chart of QQQ key is below:
For starters, take a look at
the annotated daily chart of $ EPU below, which highlights our exact buy entry point, as well as our current target price on the $ EPU:
Not exact matches
This triple convergence of support is
annotated on the
daily chart of S&P 500 SPDR ($ SPY), a popular ETF proxy for the S&P 500 Index:
This is
annotated on the
daily charts of these «short ETFs» below:
On the
daily chart of S&P 500 SPDR ($ SPY), a popular ETF proxy for the benchmark S&P 500 Index, we have
annotated the key resistance levels to pay attention to this week:
The technical setup of the trade is
annotated on the
chart below, which is what subscribers of our Wagner
Daily newsletter were alerted to the day before we bought ONXX:
The following
daily chart of Powershares Nasdaq Trust ($ QQQ), as an ETF proxy for the Nasdaq 100 Index, shows that the price action in this ETF has been contained by a relatively tight ascending trend channel (
annotated by the red lines) since forming its «swing low» support level on June 4.
The
daily, updated and
annotated chart of the $ SPX illustrates the problem with trying to time an inflection point, as many traders did with the possible bullish hammer printed yesterday.