Joe Rabil, Rabil Stock Research, shares a specific ADX pattern that's signaling potential exhaustion in the momentum right now. Joe analyzes three other market periods that displayed this pattern and the resulting correction which followed. He then discusses some of the most attractive looking Cryptos as well as QQQ and IWM. Finally, he goes through the symbol requests that came through this week.
Send your symbol requests to stocktalk@stockcharts.com
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00:00 - Welcome!
00:58 - Trading Lesson: ADX Pattern on S&P 500
08:12 - S&P 500 Current Chart $SPX
11:00 - Crypto: Cardano, Bitcoin, Dogecoin
13:18 - EOS, Ethereum, Chainlink, Litecoin
15:20 - QQQ, IWM, SMH
19:00 - Tesla TSLA, Apple AAPL, Costco COST
21:23 - Bank New York Mellon BK, Twilio TWLO
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Is This ADX Pattern a Warning Sign for Investors?
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