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Stocktwits Chart Art: June 17, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 17, 2024
STOCKTWITS CHART ART: JUNE 17, 2024
The Stocktwits Summary š
The U.S. stock marketās rally continued today on the back of strength in large-cap tech and consumer discretionary stocks. Traders continue to take advantage of the current environment while the going is good. š
Hereās how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.80%) | Neutral (47) | Normal (52) |
$QQQ (+1.23%) | Bullish (69) | High (58) |
$IWM (+0.84%) | Neutral (51) | High (56) |
$DIA (+0.55%) | Extremely Bullish (85) | Low (43) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwitsā top Trending symbols:
CHART OF THE DAY
Tesla Keeps On Tapping Resistance š
The electric vehicle (EV) maker remains a battleground stock, with news around Elon Muskās pay package mixing with a cocktail of industry-related headwinds and news. However, despite all the hubbub around the stock recently, prices have stopped going down which is certainly a start.
Thatās the argument traders like Stocktwits user @Microm are making, showcasing a potential āinverse head and shouldersā reversal pattern thatās been forming. He explains below what conditions he needs to see before confirming this reversal pattern and getting the stock back on track.
BitFarms Breakout Leaves Room To Run āæ
Hut8 Mining Moves Cleanly Above Resistance āļø
