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Probably means nothing $BRK_B

$SMH For now, it is a reversion to the mean. 200-day exponential moving average.

Possible developing #theme in #financials. I will feature some good looking setups in the upcoming report. In summary, the consolidations look more like continuation chart patterns in uptrends. More >> blog.techcharts.net

Breakout, pullback and continuation? $XMHQ

Strong daily close. Confirmed breakout from a lengthy base. H&S bottom reversal. Link for the stock in the post below.

Several tests of a pattern boundary usually indicate that the level is recognized by market participants. You want to act on a breakout that will change the supply/demand balance. Not a random line. I covered this #rectangle setup in the latest report #TECHCHARTSMEMBERS Access >> tinyurl.com/4cjudc85

RT @PeterLBrandt: Think of this market as a beach ball being kept under water Lots of energy being stored up Weekly ADX <12 t.co/NH…

#TECHCHARTSMEMBERS I covered this text-book #rectangle setup in the latest report/#watchlist Access >> tinyurl.com/5myyct72

#STOXX #LATAM can complete a rectangle continuation. I like this setup.

#EUROPE #BANKS keep an eye on this year-long average as well. Possible reversion to the mean after short-term rectangle breakdown.

$RUT exactly the type of price action bulls need. A quick recovery above the year-long average. Horizontal support at 2,750 is intact.

#TECHCHARTSMEMBERS Possible H&S bottom reversal from the latest #watchlist Link for the stock in the post below.

#TECHCHARTSMEMBERS Link for the stock is in the post below. #RECTANGLE breakout from the #watchlist

Several chart patterns can form in an uptrend. #rectangle was captured in the Global Equity Markets reports. After that run, the stock might be forming a larger scale cup & handle continuation. More >> blog.techcharts.net

Working on new setups for the upcoming #watchlist and reports. Stocks that hold well during volatile market conditions will be the first to breakout to new highs. More >> blog.techcharts.net

There are 2-3 major index providers. While most of the time they are run by specific rules and guidelines, we can't rule out the impact of politics in their decision making. Institutional money follows these benchmarks when investing in a country. Not all institutions but large number of them. So in the #BIST100 case, it will be important not to ignore warning signs of the Global index providers. Only the anticipation of downgrade can result in major shifts in capital and a deserted investment environment until the conditions change. Important to take care of this without reaching to that level.

RT @PeterLBrandt: #factormembers recent posts peterlbrandt.com/factor-repo… | Join our community here peterlbrandt.com t.co/wVoSxc…

Markets are mostly with this setup, after lengthy uptrends, leaning to their 200-day averages with sideways consolidations. Rebound or top reversals? Inflection point.

Nothing good happens below the 200-day average.