Tag Archives: flat channel

Silver Prices in Sideways Motion in Search of Direction

Silver has been trading in a tight range for the past 22 days. Price action during this period has been confined in a flat channel with a height equal to 4.1% of the last closing price. Such pattern has not occurred in SLV … Continue reading

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Several Months of Sideways Volatile Action is What May Lie Ahead

The market has been moving sideways for the past few weeks. Action in DIA has been confined inside a 1.5% flat channel for the past 17 days, something that has never occurred before. Confinment inside a 2% channel has occured twice in 2005 and … Continue reading

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NASDAQ-100 and QQQ Finally Break Out of a 26-Day Long Flat Channel

Last Thursday I wrote that NASDAQ-100 and QQQ were about to break out of a 25-day long flat channel and I assigned subjective probabilities of 65% and 35% for an up and a down break, respectively. Next day the index and its … Continue reading

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QQQ in a Flat Channel For 23 Days

This popular ETF is trapped in a flat channel between a high of $67.79 and a low of $66.17 for the last 23 days. The high is 2.45% away from the low. This has never occurred in the past and in my opinion it means … Continue reading

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