Bearish sentiment continues for me on a macro level mid term. Playing the idea that we see a strong downward move over the next few days on JPM, and we may get in early here. There is a chance for continuation of uptrend however. Stop protection in place.
RSI oversold, the British Pound has also found a long term channel support. Playing a bounce. Somewhat bearish in the midterm but bullish short term.
Taking a fairly high risk play here and setting a long bid at $116 to play a potential bounce. TLRY had another stupid run up and subsequent dump. I think we go down a bit more but could see a strong bounce.
I am bearish overall on equities so I am spotting ideal entries on overbought assets, especially those that have generated a lot of buzz over the last few months. AMD is overbought and approaching resistance. Should present a nice trade setup!
Projecting the daily E-mini S&P 500 futures trading range.
This is my projected trading range for S&P futures today.
SNT has shown a fair bit of strength overall but has found strong resistance in the 630-640 range. Volume has been picking up however and once this resistance is broken I can see SNT taking off a bit. Buying the dip if it reaches my bids (green) and looking for a fairly quick exit ideally.
Support has shown to be relatively strong here. Looking to take advantage of a strong bounce from this zone. Sells are spread across targets as outlined on the chart (this is just my personal preference in scaling out of this type of trade). RSI is oversold, and volume is showing the slightest uptrend over the last few days albeit primarily sell volume.
Ideal Entry: .000355 - .000389 Mid-Term Targets: T1: .000475 T2: .000580 T3: .000640 Long-Term Targets: T1: .000754 T2: .000870 T3: .001013 T4: .001240
POA has been steadily trending upwards for around a month and a half. Looking to play a bounce off of Fib channel support. Wouldn't be a total shocker to see it dip more, but I see a good chance for another run up for close to a +25% gain!
Bearish formation. It's BTC and it does what it wants, but expecting a drop in the short term. Targeting 6200 minimum.