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Declan Fallon

Market Commentary
Declan Fallon runs a market commentary blog at Markets.fallondpicks.com, and is a contributor to TalkMarkets and Seeking Alpha. He previously contributed to the Motley Fool. Declan Fallon is also a UI/UX Dashboard Designer for First ...more
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Fifty-Day MAs Offer Little Support As Indices Seek Swing Lows
Tuesday, April 16, 2024 11:43 PM EDT
The Russell 2000 has struggled ever since the 'bull trap'. Unlike the S&P and Nasdaq, it has long since said 'goodbye' to December swing high support.
In this article: QQQ, IWM, SPX
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Apple Comes In From The Cold
Monday, April 15, 2024 1:47 PM EDT
We can see from Apple’s chart it has been range bound for almost a year with a high near a psychological resistance level of $200, and a low near $165, where up until yesterday, it found itself trading near.
In this article: AAPL Also: XLK, SPX
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Weekly Charts Of The S&P And Nasdaq Are Only Starting To Break Down
Sunday, April 14, 2024 3:40 PM EDT
I'll cover the daily charts during the week, but I wanted to take a closer look at the weekly picture. Friday was an ugly day on the daily timeframes, but the weekly charts have been holding up well.
In this article: QQQ, IWM, SPX
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Nasdaq Accelerates Higher With Sharp Jump In Relative Performance
Thursday, April 11, 2024 7:46 PM EDT
Today belonged to the Nasdaq with Apple and Amazon key contributors to these gains. The index is now challenging the 'bull trap' after recent struggles.
In this article: AAPL, AMZN, IWM, NDX, SPX
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Russell 2000 Squeeze Continues Heading Into Big Economic News Day
Wednesday, April 10, 2024 6:02 AM EDT
Markets threatened a rout after sellers struck at Tuesday's open, but a rally after the hour managed to right the ship and by the close of business lead markets where showing "dragonfly doji" candlesticks.
In this article: IWM Also: QQQ, SPX
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Russell 2000 "Ascending Triangle" Squeeze, With The Nasdaq And S&P Struggling
Tuesday, April 9, 2024 6:38 AM EDT
If there is a swing trade with plenty of tension ready to snap, it's in the Russell 2000.
In this article: QQQ, IWM, SPX
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Russell 2000 Finds Support At Rising Trendline
Sunday, April 7, 2024 6:40 PM EDT
There wasn't much volume to Friday's trading, but there was enough to see buyers come in a trendline support in the Russell 2000.
In this article: QQQ, IWM, SPX
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Big Bearish Engulfing Patterns As Positive Start Negated
Thursday, April 4, 2024 8:02 PM EDT
It was a setting up to be a low key day, but come the afternoon, sellers pounced and drove markets down hard after doubts raised on future rate cuts. Fed news wasn't the key takeaway, but the loss of support was.
In this article: IWM, NDX, SPX
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'Bull Trap' For Indices, But We Have Seen This Before
Tuesday, April 2, 2024 7:10 PM EDT
Not for the first time, we have markets edge a breakout before dipping below breakout support.
In this article: QQQ, IWM, SPX
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Russell 2000 Reverses Off Resistance
Sunday, March 24, 2024 6:58 PM EDT
The Russell 2000 has shaped a four-month cup-and-handle pattern, but Friday's challenge of handle resistance was not enough to generate the follow-through needed to continue the rally.
In this article: QQQ, IWM, SPX
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Round 2 For The Bearish "Black" Candlestick In S&P And Nasdaq
Thursday, March 21, 2024 7:31 PM EDT
The Nasdaq started brightly but ended up closing below its open price but above yesterday's close.
In this article: QQQ, IWM, SPX
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Bearish Engulfing Pattern Eats Into Friday's Russell 2000 Buying
Monday, March 18, 2024 8:40 PM EDT
The Russell 2000 ($IWM) has been defending its 50-day MA over the early part of 2024, but the last few days have seen a shift in this support with 'sell' triggers in the MACD and On-Balance-Volume.
In this article: IWM, NDX, SPX
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Higher Volume Buying Doesn't Negate Russell 2000 Bull Trap
Monday, March 18, 2024 5:36 AM EDT
The expected result of the 'bull trap' is a move back to - then below - support defining the trading range off which the original breakout emerged. For the the Russell 2000 ($IWM), this means a move back to $188s.
In this article: NDX, SPX
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Modest Losses Keeps Indices Near Highs
Wednesday, March 13, 2024 6:37 PM EDT
The earlier 'bull trap' risks look safely put to bed as today's losses just dipped into yesterday's gains.
In this article: IWM, SPX
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Minor Losses Don't Deliver The Reversal Off Bearish Engulfing Patterns
Monday, March 11, 2024 6:46 PM EDT
Markets were set up for a sizable down day, or at least one to undercut breakout support, but this didn't happen.
In this article: QQQ, IWM, SPX
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Bearish Engulfing Patterns Undermine Attempts To Break 'Bull Traps'
Sunday, March 10, 2024 10:08 PM EDT
Heading into Monday we have breakout support to consider across the lead indices. The likelihood of a loss of support is quite high but there is still plenty of support to lean on should sellers grab control.
In this article: QQQ, SPX Also: IWM, SPY
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