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$AVT broke out of the pivot of its flat base (100 standard pivot, base-on-base) on heavy volume. It closed at an all-time high with its RS line at a new high.
$ANET cleared the 200 Century Mark and the 206.13 early pivot of a flat-tish / shallow cup base (214.89 standard pivot, 206.13 early pivot, depth: -15.6%).
$NTAP reclaimed the 192.83 prior base pivot. It cleared the 200 Century Mark as it formed the right side of a new base (209.06 standard pivot). The current base low was a shakeout and an upside reversal in reaction to its earnings report.
$INTC gapped up 12.14% on heavy volume on Monday after clearing the 107.57 marked high two weeks ago. It may be working on the right side of a new base (142.35 standard pivot). See if it forms a handle.
$DELL rebounded after finding support near the 21-day EMA. It formed a 3-weeks tight pattern (595.51 standard pivot) but it may be a flawed pattern as it was wedging off the weekly lows. DELL has been extended from its recent base but see if the 21-day EMA will offer support on this pullback.
$HPE cleared the 62.15 cup with handle pivot but was unable to close above the 63.44 early pivot and the 64.25 base high as it reversed lower on Friday after hitting an all-time high. It finished at an all-time weekly closing high with its weekly RS line at a new high.
Roundhill Memory ETF $DRAM closed higher for the week as it tested the 62.04 marked high after rebounding off the 10-week/50-day SMA and the 21-day EMA. It may be working on the right side of a new cup base (81.34 standard pivot). $MU is DRAM’s largest holding at roughly 27%, so its reaction to next week’s earnings could be a catalyst that moves the ETF / memory group higher or lower.
$MU cleared the 1036.13 marked high and the cup with handle pivot of 1042.40. Cup's left side high pivot is at 10255. On earnings watch next week, 9/30, AMC.
Charts courtesy of @MarketLens_
Weekend Review, 9/27: 80% to 100% Exposure
Nasdaq and QQQ ended the week at new weekly closing highs. S&P 500 may be working on the right side of a new base.
Distribution Days: 3 - Nasdaq, 5 - S&P 500.
$QQQ$SPY
Charts courtesy of @tradingview
$MU reversed higher for the week following a shakeout at the 50-day/10-week SMA. It closed just above the 1000 Millennium Mark and the 1011.77 marked high. It formed a new cup with handle (1042.40 standard pivot) that lined up with the 1036.13 marked high.
$SNDK has been consolidating for 5 weeks in an apparent high, tight, flag-ish pattern (1827.99 standard pivot, pole length: +83.1% in 4 weeks, depth: -22.5%) off the bottom of a deep structure.
Roundhill Memory ETF $DRAM cleared the 62.04 early pivot and the 62.59 3-weeks tight pivot as it formed the right side of a cup (81.34 standard pivot).
Roundhill Memory ETF $DRAM undercut and reclaimed the declining 50-day SMA and the rising 21-day EMA. It formed a 3-weeks tight pattern (62.59 standard pivot) as it formed a new base
$AMD staged a positive outside reversal week as it cleared a 5-day shelf after a shakeout at the 50-day/10-week SMA. It finished at a new weekly closing high. It formed the right side of a new cup base (584.73 standard pivot). See if it forms a handle.
Charts courtesy of @MarketLens_
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$HPE pulled back to test the 21-day EMA, then rallied higher and closed the week near the prior week's high. Weekly chart showed an inside week as it recouped most of the losses from two weeks ago. Base pivots are at 64.25, 63.44 and a handle at 62.15.
$PLTR cleared the prior week's high as it reclaimed the 21-day EMA. It has been consolidating for 3 weeks in a flag or a large cup with handle (188.37 standard pivot) following a Monster Gap on earnings (29.45% on 4x average volume) on 8/4.