As the major indices going through the consolidation phase, there are not that much to be updated, so I decided to go over my favorite stocks.
As AAPL recently joined BIDU in the uncharted territory, I was trying to figure out how high they could go. As I was watcing these two stocks, they have a very similar chart pattern.
BIDU Weekly
AAPL Weekly
GOOG Weekly
Although it's lagging, GOOG seems to have a similar chart pattern, but much weaker. If it takes the same path, GOOG could go much higher from here.
BIDU Daily
Here is another look of BIDU. Whenever you see a big candle supported by a big volume, it tends to repeat the equal price movements for whichever it breaks out.
SPY Daily
Consolidaiton phase. I'm expecting chops and whip-saw. If you are trading this market, please be careful.
EUR/USD
Broke below the rectanglar pattern, and retraced to the breakout point on Friday.
