September 11, 2024 | Chart Alert: Double Top Resistance Signals Potential for Sharp Decline
This is an important chart! The S&P chart reveals two critical outside reversal weeks down from the 5,700 level—the first ending July 19th and the second just last week, on September 6th. These consecutive reversals in such a short time frame have created a powerful double top resistance. After the July 19th reversal, we saw a retracement […]
April 19, 2024 | What Drives AI Market Dynamics? Insights from ASML and TSM
In market analysis, closely monitoring industry leaders is vital, particularly in flourishing sectors like Artificial Intelligence (AI). As AI continues its rapid evolution, drawing parallels to the internet’s growth becomes increasingly evident. Just as the internet’s development unfolded in stages—from the establishment of hardware infrastructure such as modems, personal computers, and fiber optic cables, to […]