JP Morgan (JPM) completed a 4 months broadening top. Implied target is $49
The Nasdaq (COMPQX) has been saved today as it has almost completed a 4 months broadening top. Both the Nasdaq and Russell 2000 have a similar top. But recently the nasdaq has been the weaker index. A close below 3968, implies a target of 3,580.
Phillips-Van Heusen (PVH) has completed a 3-months rare Diamond Top, which coincides with the end of the broadening top trendline. First support is the gap at 112.
Williams Sonoma (WSM) formed a 7-weeks broadening top with a neckline at 56.96 that has broken down with a target of 52.50.
Lennar has formed a broadening top with a neck line at 36.61. There is however a gap at 37.85 that remains to be filled (or not). A firm close below the neckline targets 29. Please like on facebook, comment and share