The S&P 500 ( $SPY$SPX$DJI$QQQ ) has broken below its rising channel, signaling a short-term trend change from bullish to bearish. The next key target lies in the 5650-5700 area, a significant support zone marked by prior consolidation https://www.traderhr.com/sp-500-bearish-channel-breakdown-signals-trend-change/
RL is displaying an ascending triangle formation, signaling potential strength as it approaches a critical resistance level. A breakout beyond the upper trendline could trigger a continuation of its upward trajectory. Watching volume for confirmation and tracking the stock’s alignment with key moving averages will be essential to validate the move. FTNT is exhibiting a rising wedge pattern, consolidating beneath a key resistance level. A breakout above the upper boundary of the consolidation range could indicate further upside momentum. Observing volume activity during the breakout and tracking the stock’s alignment with its moving averages will help confirm the strength of the move. DRI is currently forming a narrowing ascending triangle, as highlighted in the chart. This pattern indicates a potential bullish breakout if the price moves beyond the upper resistance zone. A surge in volume during the breakout would provide strong confirmation of continued upward momentum. TraderHR
