ChadBangs

ChadBangs

After a 12 month, ~35% retracement, coal miner ARLP appears to be setting the stage for a continuation of the bullish trend that began in October 2020. After ARLP found a corrective low on a partial channel retrace, a nested bullish channel emerged, breaking to the upside simultaneously with the bearish channel that contained it. Volume is expanding to confirm...

ChadBangs Updated 

Silver has been trading inside of a falling wedge since April 2022, battered by an increasingly-hawkish fed. Despite a formidable collapse in the biggest inflation driver, oil, CPI and PPI reports are shaping up to be a continuation of the trend; worsening inflation. With any weakness in oil likely to be temporary given our macro environment, it's easy to...

ChadBangs Updated 

Bullish continuation should be in order after crude finds support at former resistance line. Furthermore, the breakdown in the dollar should materialize to more bullish momentum for commodities after some consolidation.

ChadBangs

Looking like the dollar is wanting to find a top after a nearly perfect 2/3 retrace from the 7/13/23 breakdown. This zone is extremely delicate and this idea can be invalidated quickly. Conventional wisdom would suggest that if this 2/3 retrace is exceeded, the entire gap should close to around 105.86. Admittedly, the channel drawn is a little creative, but is...

ChadBangs

Microsoft has painted a head & shoulders formation, and is on track to confirm a neckline break on the daily and weekly timeframes. Expect a continuation of the downtrend on this neckline break, as well as further index weakness given MSFT's tremendous weight in the indices. Notes: Confirmation still required on neckline break, a wick below is insufficient. ...