Category Archives: Up-Thrust

DoorDash Channel(s)

November 9, 2026 By in DASH, DASH-26-08, Up-Thrust Leave a comment

Right Side Contact?

The up-thrust on DASH (magenta arrow), was co-incident with its conference call.

Then, there was a huge thrust lower on heavy volume.

After that, price action limped higher and now appears to be in contact (blue arrow) with the right-side trend and channel line (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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

Oil & Gas … ‘OXY’

October 28, 2026 By in Oil, Oil & Gas, OXY, OXY-26-08, Up-Thrust, XOP

Down From The Highs

Continuing with the theme of Oil & Gas producers (XOP) at the extreme and potentially backing off, we have Occidental Petroleum OXY (not advice, not a recommendation).

OXY is posting the usual suspects of up-thrust (past resistance), then a return below and test.

Stay Tuned

Charts by StockCharts, TC2000

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.

Airbnb … In Now, The Time?

October 24, 2026 By in ABNB, ABNB-26-13, Real Estate, Up-Thrust, ZeroHedge 2 Comments

Testing The Test, Complete?

Before we get to the chart, let’s start with this from ZeroHedge:

US Pending Home Sales Collapse To Record Lows In September, link here.

Next, we’ll paraphrase a comment.

Note: If you want to see the direct quote, it’s the first one in the article:

‘The reason real estate is not selling is because of doubt. Doubt about the economy, war, the country and whether ‘normal’ will ever come back‘.

Well, we have news, ‘normal’ is not coming back.

We’re in a new paradigm.

With that, let’s remind ourselves on ‘why’ ABNB launched higher this past August 7th, link here.

The link is of interest, as it tells us the ‘official’ narrative.

Now, looking at what price action is actually doing.

Airbnb ABNB, Daily Close

The last update on ABNB, was here, where it said, price action is likely in an upside test.

At this point, we may have the beginnings of a reversal (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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

Airbnb … The Big Picture

October 18, 2026 By in ABNB, Real Estate, Up-Thrust, Wyckoff 1 Comment

Testing The Test

Yesterday’s update showed how Airbnb tested its wide, high-volume breakout with its own wide, high-volume downside.

That move culminated on September 23rd, which in turn, set up a test of those high-volume bars.

All of this action brings us to now.

The chart below, is a 2-Day Close of ABNB, going back to late 2021.

Airbnb ABNB, 2-Day Close

At the right side, we’re using Wyckoff terminology of ‘Up-Thrust’, ‘Sign of Supply’ and ‘Test’.

The up-thrust action penetrated long standing resistance at the far left. Then, reversed lower with what can be called ‘ease of movement’.

Now, we’ve come back up to test the up-thrust area.

Going Nowhere, Fast

It’s true that ABNB has oscillated in a wide range that’s over 100% from lows to highs.

However, there’s been no sustained long-term breakout to the upside.

With that said, ABNB has been posting (since 2020) sideways action.

In Wall St. parlance, a sideways market, is a bear market (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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

SOXX at Support

October 11, 2026 By in NVDA, Semiconductors, SOXX, TSM, Up-Thrust

What’s Next?

Last week, both Nvidia and Taiwan Semi, the two largest caps in the sector, reversed from their all-time highs.

The SOXX chart shows the effect of that action.

Now, we’re at a support level (dashed line).

‘Normal’ market behavior is to come back for a test (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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

The Top 1%

October 10, 2026 By in David Weis, Linda Raschke, Spring-to-Up-Thrust, Up-Thrust, Wyckoff 2 Comments

Raschke, Weis and Wyckoff

The late David Weis once said he kept a copy of Wyckoff’s autobiography in his office, near him.

He made notes on it and marked it up so many times, the cover had fallen off.

His website (now deactivated) had a picture of him holding an original first edition Wyckoff ‘Studies In Tape Reading‘.

The last time I checked, that edition (if you could find one) in good condition, went for around $3,500.

All of this, ties-in with a recent interview of master trader, Linda Raschke, link here.

Wyckoff is specifically mentioned at time stamp: 10:52

In fact, just a few seconds later, we have a discussion on ‘springs’ and ‘up-thrusts’. 🙂

Stay Tuned

Charts by StockCharts, TC2000

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

SanDisk ‘Sleeper Channel’

October 6, 2026 By in SNDK, Up-Thrust 1 Comment

Once You See It

SNDK posted an up-thrust at Day 1.

Then, went to a support low at Day 5.

After that, up for a test at Day 8

It seems hardly noticeable, but there’s a channel.

At this juncture, that channel is declining at -99% annualized (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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

Biotech Top … So, Far

September 29, 2026 By in $SPSIBI, Biotech, SPBIO, Up-Thrust, XBI, XBI-26-16

Subdividing Lower

Looking at the chart from left-to-right, the peaks are lower and the lows, are lower.

As noted, today was an apparent up-thrust (reversal), with a test coming towards the close.

After-hours action (as of 7:40 p.m., EST) is holding steady; no movement up or down.

Stay Tuned

Charts by StockCharts, TC2000

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

Best Buy … Top

September 26, 2026 By in BBY, Up-Thrust 4 Comments

Failure To Hold

Best Buy, posted Fibonacci 8-Days above resistance before closing lower.

The resistance level shown, goes back to early 2025, making the failed breakout (so far), an up-thrust (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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

Did Nvidia, Just Reverse?

September 23, 2026 By in Artificial Intelligence, NVDA, NVDA-26-02, Semiconductors, Up-Thrust, Wyckoff

A Test, Before Down?

The all-time high is at the far left of the chart.

Then, we have a resistance level, (blue lines), penetrated at ‘1‘.

Today’s red candle is Day 13 from ‘1‘, or Day 8 from the most recent daily lows.

From a Wyckoff perspective, we could look at Point 1, as an up-thrust, followed by ‘sign-of-supply’, and then a test.

Today’s new daily low at Fibonacci Day 8, or Day 13, may help us point odds to the downside (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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