Mystery Chart 07-16-2019
To me, this looks like a massive bottom forming, with the most recent low starting a move higher back towards the first level of resistance.
Click on chart to enlarge view.
When I first started learning Technical Analysis I saw Craig Johnson present at a CMT meeting where he simplified his analysis down to "we want to be buying smiley faces and selling frowny ones", which really stuck with me.
I don't know about you, but this looks like a smiley face if I've ever seen one. What do you think?
Tweet me @BruniCharting or email [email protected] and check back in Thursday to find out why this chart is relevant.
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