Sentences with phrase «year uptrend line»

If you want to know when to expect a major change in market sentiment, I recommend you watch this 5 - year uptrend line closely, as a breakdown below that level could lead to a new bear market in the NASDAQ.

If the 5 - year uptrend line is broken, the next major support level would be found around $ 70, which is the last big base of price consolidation.

As for the weekly chart pattern, QQQ is now trading just below its one - year uptrend line (similar to the one shown on the weekly chart of SPY).

Not exact matches

Although it is bearish that SPY now has a plethora of overhead supply and technical resistance levels to contend with, one potential ray of sunshine in the storm clouds is that SPY is coming into major support of a year - long uptrend line.

For the sake of brevity, we will skip analysis of the Dow Jones SPDR ETF ($ DIA) because both its daily and weekly chart patterns are quite similar to SPY above (broke down firmly below its 50 - day moving average yesterday, and is also coming into support of its year - long uptrend line).

Now, it appears as though TMF is setting up to break out above resistance of its 3 - month downtrend line and resume the long - term uptrend that has been in place for nearly 2 years.

The pair has not only made a bonafide breakdown of the steep uptrend support line that has been in place for much of the year, it has also just made a tentative breakdown below key support in the 1.4800 price region, establ...