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QQQ chart with a very lopsided inverse head and shoulders trying to form.

SPY chart with the daily RSI crossing through the weekly RSI shown by the two green circles on the daily chart.

A look at SPY, QQQ, and XBI into next week with the full video analysis in the link here. The weekly hammer was caught by the TrendSpider pattern recognition feature with big moves up after previous hammers over the last two years.

Alert triggered at support! The daily lower indicators are starting to creep up near the weeklies (dotted lines). The MACD is trying to curl as well.

The MACD is trying to curl as the price hovers near channel support.

Continuing to trade right at the channel support below. Price has reversed hard after touching this area the 4th time.

A harami type candle is trying to form on the daily candle. Possible fakeout on the MACD.

Nearing channel support below with trendline alerts on both the top and bottom of this price channel.

Watching for a potential inverse head and shoulders materialization. Alert created above in case price continues to move up the rest of the week.

Please see above :)

Based on the daily price channel, the lower $130s look possible. Tech stocks breaking down big time.

A look at the BAC into the middle of November with a megaphone pattern on the daily and resistance at the EMA (50) on the weekly chart. To see the full analysis, check out the weekend blog post here.

Officially broke down through the channel from the previous chart above...

Support remains right near the blue trendline here. A double doji type setup forming on the weekly candle as well.

The previous support trendline is now going to be hard resistance for AMZN. Indicators bouncing out of oversold conditions as well.

A huge weekly candle breakout through the resistance line above. Third time is a charm!

Stuck in the $340's. Alert still set above for a push higher to test the trendline resistance. The RSI and %R are showing very overbought conditions.

Updated chart from last week: The weekly EMA (50) held as perfect support and is now bouncing higher to try and test the daily SMA (20) above.

To each his or her own! Just an idea of how to look at price action differently. Thanks for the reply.

Our business is an automated charting platform, not trade ideas. This was simply a way to look at moving averages differently. Every pattern is going to test differently on each ticker and I can promise you I have tested it and have great profits on different tickers. Thanks for the feedback...