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We continue to track the developing double bottom on the U.S. Dollar Index (DXY) - see our Blog post from November 7. After successfully defending the rising 26- and 40-day moving averages (DMAs) during the pullback to 98.99 in mid-November and reclaiming the declining 200-day DMA near 99.75 on November 19, the stage is set for a potential breakout. The key level is 100.26–100.36. A decisive move above this zone is required to confirm the double-bottom pattern and unlock upsi

Silver futures have come under pressure and are now testing an important zone of support—an area that must hold to maintain confidence that silver is building a tactically bullish cup-and-handle pattern. A failure to hold this zone would increase the risk that the recent highs evolve into a double-top formation. This support zone is from 49.23 down to 48.45 and defined by: 26- and 40-day moving averages at 49.30 and 49.06, respectively. Tactical triangle breakout and retest

*** Please see the bottom of this report for important disclaimers and disclosures.*** Equity indices shift to toppy from choppy SPX stalled at broken DMAs to increase H&S top risk and expose key 6550 support The S&P 500 (SPX) gapped higher on today’s (11/20) open following Nvidia’s (NVDA) blowout earnings and guidance after yesterday’s close, but early strength stalled and selling pressure emerged after testing tactical resistance at the broken 13-, 26-, and 40-day moving a

We’re excited to share an update that will make accessing your Suttmeier Technical Strategies reports easier and more flexible than ever! In the New Reports  section of your Subscriber Dashboard , you’ll now see two buttons  for each report: 🔹 View Report 🔹 Download Report We added these options to enhance your experience and give you more control over how you read your reports. Download Report  works exactly as it always has — you’ll be taken directly to a PDF link where y

*** Please see the bottom of this report for important disclaimers and disclosures.*** Equity indices shift to toppy from choppy SPX stalled at broken DMAs to expose key support at 6550 The S&P 500 (SPX) gapped higher on today’s open following Nvidia’s (NVDA) blowout earnings and guidance after the close yesterday. However, intra-day strength stalled and selling pressure appeared after testing a tactical resistance zone defined by the broken 13-, 26-, and 40-day moving avera

*** Please see the bottom of this report for important disclaimers and disclosures.*** Three bulls: ASND, AIZ, and BKR. One bear: GFS ASND, AIZ, and BKR have bullish setups as GFS remains vulnerable Ascendis Pharma (ASND) has confirmed a major 2020–2025 base breakout and stays constructive above 187–180, with upside targets at 255 and 295. Assurant (AIZ)  is breaking out from a late 2024–2025 consolidation pattern, which remains firmly in place above 222–220 and favors upsi

*** Please see the bottom of this report for important disclaimers and disclosures.*** XLV and XLE show tactical leadership as XLY struggles   Healthcare and Energy consistent leaders over the last three months   Healthcare and Energy have shown consistent leadership over the last three months, with stronger returns than the S&P 500 (SPX) over the last week, month, and three months. Healthcare reached a 52-week closing basis high and a 13-week relative high last week. Energy

The S&P 500 (SPX) and NASDAQ 100 (NDX) opened higher today following Nvidia's (NVDA) blowout earnings and guidance after yesterday’s close. However, today's opening upside gaps across the SPX, NDX, and NVDA have since gotten filled as selling pressure emerged at a tactical resistance zone marked by the broken daily moving averages (DMAs). For the SPX, selling pressure appeared after testing a tactical resistance zone defined by the broken 13-, 26-, and 40-DMAs from 6734–6761,

We highlighted a big base for Navigator Holdings (NVGS) , a marine shipping stock, in this blog on Monday (11/17). We received a request to look at Frontline (FRO) , which is also forming a big base. FRO is scheduled to report earnings after the close on Friday, November 21. We review the key levels on this stock's monthly chart heading into the print. FRO shows a potential massive base dating back to 2012 on its monthly chart. A decisive push above 25.25-25.90 would further

Constellation Energy (CEG) has a bullish breakout and a deep retest of a January-October cup and handle pattern. This pattern favors further upside on CEG to 488 (measured move) and 540 (cup and handle target). Continuing to hold the breakout and deep retest zone from 352 to 324, which is reinforced by rising 13- and 26-week moving averages at 348-332, would keep this bullish setup intact. A weekly close this Friday above last week's open at 367.20 would create a weekly bulli

The 3-month VIX versus the VIX (VIX3M/VIX) is a tactical sentiment gauge. It reached a mild oversold reading below 1.0 on Tuesday (11/18) before showing a small uptick out of oversold yesterday. This improvement is a constructive signal, but—similar to the prior signal that followed the “Trump Tariff Tweet” on October 10th—it did not occur alongside a true “washout” below a meaningful price support level. While yesterday’s session was not a decisive victory for tactical bulls

*** Please see the bottom of this report for important disclaimers and disclosures.*** Ominous signals increase risk for deeper pullback SPX: Bearish in-neckline candle pattern provides an overhang entering this week Last Thursday and Friday formed a bearish in-neckline candle pattern on the S&P 500 (SPX) (Nov 17 Straight from the Chart ). This pattern indicates that Friday’s rebound was likely a dead-cat bounce and provides an overhang entering this week. The SPX has also p

Credit spreads are widening, which suggests a deteriorating credit market environment. The U.S. High Yield Option Adjusted Spread (OAS) has widened from its late September low at 2.69 after narrowing from its April peak at 4.61. When the high yield OAS stops narrowing and begins to bottom while equities continue to advance, which was the case for the S&P 500 into late October, the danger of a risk-off widening of this credit spread increases. If the high yield OAS sustains a

We received a request to take a look at Teva Pharmaceutical (TEVA), which is breaking out from a 2017–2025 big base. This multi-year pattern completion improves the long-term trend profile and sets the stage for additional upside. Technically, TEVA is bullish above the breakout zone at 22.77–22.50, which now acts as initial support. Holding this area keeps the breakout intact and favors follow-through strength. This big base pattern favors continued upside beyond the mid-2018

Tesla (TSLA) is a case of "bad news" versus "good news"... The bad news: TSLA has broken down from a double top off the 470-474 peaks from early November and early October to suggest deeper risk into the 360s to 350s. Holding near or below resistances from 411-412 (double top breakdown zone) and 424-427 (November 13 downside gap) would keep the immediate bias bearish. The good news: Even if TSLA continued to trend lower from its double top, holding the 360s-350s would keep

In case you haven’t heard… Nvidia (NVDA) is scheduled to report earnings tomorrow, Wednesday, November 19, 2025, after the close. Technically, NVDA remains in bullish absolute and relative trends, supported by rising 26- and 40-week moving averages on both the absolute chart and relative to the S&P 500 (SPX). However, the late October–early November bearish engulfing pattern provides an overhang within this uptrend, highlighting the risk of a deeper pullback if key tactical s

We have highlighted a bullish technical setup for the iShares Biotechnology ETF (IBB) in recent editions of The Sector Edge (November 17 and October 6). Similarly, the SPDR S&P Biotech ETF (XBI) has rallied out of a 2022-2025 big base. While above 105-103, this big base breakout remains intact with upside potential toward the pattern count at 143. Interim resistance levels come into play at the 50% and 61.8% retracements of the February 2021–May 2022 decline, located at 118.

We highlighted the potential for Bitcoin to break higher from a bullish wedge pattern in Straight from the Chart on November 10th. This pattern did not work, and Bitcoin continued to decline instead. Last week’s break below bull market support at 45.55–43.55 on the 14-week RSI (price momentum) is a bearish development and opens risk for Bitcoin toward the 38.2% retracement of the November 2022–October 2025 rally near 83,990, and potentially down to the 50% retracement at 70,

The Invesco S&P 500 Equal Weight ETF (RSP) is at risk to break below key support near 185 (rising 26-week moving average and early October bearish engulfing pattern low). Sustaining this breakdown would confirm the two weekly bearish engulfing patterns that formed in October and put in a late August into mid November topping pattern to suggest deeper downside risk to 180.57 (rising 40-week moving average), 177.75 (top pattern count), and 176.29 (38.2% retracement of the Apri

We received a request to revisit Medtronic (MDT), which stalled after attempting to break out from a large 2022–2025 base in early October. The stock has since stabilized and recovered, with potential to confirm the big base as the broader Healthcare sector continues to show signs of bullish rotation and leadership (Nov 17 The Sector Edge) . MDT is scheduled to report earnings tomorrow (11/18) before the market open. We highlight the key levels heading into and beyond the pri