Category Archives: Patterns and Formations

Putting The Recent Market Volatility Into Perspective – On Mad Money With Jim Cramer

It’s always exciting to be featured on the “Off the Charts” segment of Mad Money on CNBC. Jim Cramer is a master at taking a dry two-dimensional topic like charting, and bringing it alive with his own insights and humor. On tonight’s show, Jim articulated perfectly the RightView Trading take on the broader market on… Read More »

The Market Indices Are 4% Above Support And 4% Below Resistance – These Are The Breakout and Breakdown Levels

Tuesday’s sell-off was in sharp contrast to the rally traders had enjoyed just 24 hours earlier. Monday market elation over what was initially thought to be a positive G-20 outcome, had evaporated overnight. On Tuesday morning it was clear that the specifics of the supposed trade truce were unclear. Markets started off the session lower… Read More »

This Pattern Has Marked The Last Three Highs On The Dow Chart – And It Is Forming Again

A particular bearish pattern has defined the last three highs on the Dow Jones Industrial average, and another may be forming again on the daily chart. The early October high was a turning point for the market. It ended the intermediate term uptrend off the July low, and has been followed by nearly two months… Read More »