Category Archives: Indices

Bearish “Gravestone” Candles On The S&P 500, DJIA, And NASDAQ Charts

This afternoon we tweeted out that: The bulls need to see strength into the close. Don’t want to finish the week with “gravestone” doji candles on the index charts. The bulls were disappointed. Gravestone dojis formed on the S&P 500 Index, NASDAQ Composite, and Dow Jones Industrial Average weekly charts. A gravestone doji is a… Read More »

Curious Price Action On The McDonald’s Daily Chart

There are a number of interesting technical developments on the McDonald’s (MCD) daily chart. A head and shoulders bullish reversal pattern has been under construction for the last two months. Neckline resistance is situated in the $162 area. This is very bullish potential basing action. A break above the neckline projects a measured upside move… Read More »