The following "absorption from above" and "tweezers" caused only the consolidation of the S & P 500 index. Yesterday closed on the upper border. So far, the value of the index will not "overstep" behind the channel line, I believe that the potential goal is on the lower border (level 3400).
After the potential of the "double bottom" (growth above 17.3), the share of shares of American Airlines (NASDAQ: AAL) was collected in a triangle figure. This figure performed the role of a reversal model (which happens very rarely). The price has passed through the lower border, starting to implement the triangle pulse (14.80). Leaving the "hammer" candle after the last trades, the shares confirm their predisposition to the decline.
Trading Plan: Short. Purpose 14.80. Stop 17.00.
Focusing on several candles of "Absorption", the Shares of Home Depot (NYSE: HD) have a speculative decline game with a view to the lower boundary of the channel.
Trading Plan: Short. Goal 260. Stop 272.50.
It is possible that on the shares of Honeywell International (NYSE: HON) is the formation of the model "Head and shoulders". Movement to the base creates prerequisites for the opening of the "Short" position. Purpose - 200. Stop 213.
According to IBM shares (NYSE: IBM) there is a long sidewer (since April of the current year). The width of the range was narrowed in the last month to $ 10.5. The price is going at the upper border and is preparing to test it. Suppose that the successful passage of the level will open a new range with the same $ 10.5 $ width.
Trading Plan (when performing conditions) - to buy. Purpose 138. Stop - just below the upper border.
After the Candle of the Wolf formed by yesterday's results, Johnson & Johnson (NYSE: JNJ) shares came out of the rectangle and test the upper side of the side canal. At the time of writing a review, the price returned back to the resistance line. From the upper border of the sidewall, the price was already twice (at the end of April and early September). On December 18, the level also tried, but in the end he returned back.
I propose to leave shares without a position, but under observation. We are waiting for a response to the question: how will the test end this time?
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