ChartPros Market Insights

Five9, Inc. (FIVN) reports earnings after market close on Thursday and by request we'll take a look at their chart through the lens of price action technical analysis.

After nearly 3 years  of relentless selling pressure, the stock still appears to be searching for a bottom. A persistent pattern of lower highs and lower lows raises the question—how much further could it drop?

The simple truth? As low as the market decides…

Sort of a unique week that should be treated uniquely...

We can’t remember the last time that there was a 4 day trading week where Wednesday was the off day.  That coupled with indice prices trading at or near all time highs truly makes this unique trading conditions. 

So while we're watching indice charts for intraday setups the real edges may be found in Forex or Commodities for a while.