Tag: Head and shoulders

El Tigre Watchlist, Tuesday July 19th, 2022

Bank and Tech companies kick off earning season for Quarter 2 of 2022. Apple, $AAPL (daily) Rejecting the $152 level, falling out of a rising wedge. Below $147, we can see $141 come very quick. I like $145puts for this week or $140 for next week / two weeks out. This rejection of the $152 […]

The Best Chart Patterns for Trading

With one month of trading down in 2022, we thought it would be the perfect time to put together a crash course of our favorite chart patterns. Now if you don’t know what chart patterns are, then this is the perfect place to start. For those who have more experience but had a difficult January […]

El Tigre Watchlist, Monday July 18th, 2022

$SPX (monthly, log scale) following the strong bearish candle close below the key purple trendline extending from 1985 with close below monthly 5/9/20ema converged. Current monthly candle appears to be taking a break as we have been consolidating in range for the past 5 weeks.   The purple trendline extending from 1985 has been a […]

El Tigre Watchlist, Tuesday July 12th, 2022

$SPX (weekly) we have been consolidating sideways for the past 4 weeks and that’s clear on the weekly timeframe. Last week’s candle close did not provide us with a clear direction as the weekly candle closed in the range of the prior week. For the last 4 weeks, we have been slowly consolidating towards the […]