QQQJ Charts 2

Today's Losers

A lot of moves to support areas.

Fall Into Opex

A look at some charts that moved towards a breakdown or have broken down. Northman Trader noted that going back to May, all months except October and November saw weakness into opex. Bottoms were on the Wed before to Monday after. Given the current position of the charts, opex weakness would be the push needed for a break through support and send both the Russell 2000 and Nasdaq to their lowest levels in months.

Charts are after the jump. A lot of more that I've covered in the past few weeks are in "no man's land" without support or resistance nearby. Some are forming new h-patterns. For these, I watch the broader market. They could bottom whenever the broader market bottoms and they can collapse if the broader market slides.

Five9 Breaks Down

This is what we want to see for bearish targets, breakdowns on otherwise ho-hum or up days for the broader market. Some other charts hitting resistance levels, a normal spot for a pause. Next week I expect stocks will trend into OPEX, which way I cannot say, but certainly if down is the move, the charts losing support levels are most likely to suffer the largest declines.

Chart Review

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