What the h?

The h-pattern is hell for bears in bull markets and hello new lows in bear markets. Some h-patterns are at their moment of decision right now. Others are at various stages, some bounced where a bull would want them too, some broke, some are still early in formation. The most important and imminent two are ARKK and FB. Both are near their 52-week lows.

Pattern Check: EPAM

This pattern is all over the market. The trick is finding the stocks like EPAM that plunge when they lose support.

Here is EPAM (blue) layered over POOL.

Kill List

I started going through a screen list and then just started looking at high-priced stocks. The same pattern keeps appearing because the whole market looks ready to plummet.