Reversal Spots

A bunch of charts made it back to resistance areas. I included FIVN to show a violation. They look good today, but tomorrow could be different...still I think the rally should be petering out here on the assumption this is indeed a bear market. Teh red horizontal on VRSN is the 2000 peak.

Verisign Back Below LT Support

Chart Review

These are some charts I've posted here in the past few weeks.

Stocks Pop to 50-day MAs and Price Gaps

The first major challenge for the bounce has arrived.

The Very Bear Sign

If I go back and look at where I would have drawn a prior trendline, there were vioations in late 2016, the 2020 panic and March 2021, but they all failed. Maybe this one will fail too, but if I'm right that the bear move is only getting underway, this might finally be a clean break. The stock poked its head over its support line from the dotcom bust low, but couldn't maintain it. This is now a 19-year trendline and the fact that it held before strengthens the signal if it doesn't hold now.

Verisomething

I can see both a bullish and bearish explosion coming.