Setting up for a Big Move?

eBay accelerated lower on heavy volume after its last earnings release.

In following sessions, price action attempted to recover, only to reverse lower (again) during the week of November 14th.

That’s where we are now; only this time, we’re looking at the long-time frame, the quarterly chart

eBay EBAY, Quarterly

There it is: A massive 20-year wedge (not advice, not a recommendation).

For the latest on how the ‘consumer’ is doing, this just out from Michael Brodenaro, link here.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279