The market had a rest day today which made trading a bit boring. It seems that we are coiling for a move to recent highs on the $spy. The market made a huge move last week.. so a few rest days is very healthy for it. Here are a few breakout charts that I am watching this week:
SPF- breakout watch.. third tap
PPHM- r/g watch
CLDX- breakout watch
MCP- breakout watch
TUES- coiling for breakout
KBH- breakout watch
SNTS- coiling for a move higher
EBIX- coiled chart coming off a bottom. nice look for a bounce play
Hi MB:
Is there a glossary of terms you guys use for the technical analysis?
Coiling – R/G – Dead Cat Bounce – etc
For example coiling kind of looks like a flag at times so i get confused..
Thanks!
Gman