Until we lose Qs W 20EMA no panic, W 9/20 paints a clear picture for pullbacks vs corrections. Strong signal for when we want to be aggressive swings/when to buy. Wait for bottom to build though don't time bottoms. Always better to be late and have confirmation than get ran over.
Heading into the weakest month historically. Clear leadership in small and mid caps. If they dont dig in and finish this month strong I would expect some headwinds for large caps as small/mids continue to take over leadership and focus my energy there
Not looking great for large caps, testing W 20EMA which is major signal for overall trend health, typically seen these same drawn out consolidation periods near prior tops, monthly chart showing weakness and for seasonality the saying is as Jan goes so does the rest of the year.
I look for the same thing with swings, ive shared some examples before.
Those bases are what absorb all that overhead supply then they run out and its off, great setup for investing also
These are some of the best conditions I've seen and look for when it comes to intraday trading. What I refer to as "Weak Supply/Demand" Demand in this case. When price is thin like that to the left, its easy for price to trend through to the next zone.
QBTS -
Strong Monthly BO from 3y base on increasing volume.
Creating flag above $15 Demand + Daily 9/20EMAs.
Daily price decreased as volume decreased, bullish.