BlueLineTradingLLC

BlueLineTradingLLC

FB is looking mighty suspicious as a bullish long term growth target.

BlueLineTradingLLC

With resistance at 820 is respecting the pinball forecast, with last week’s candle structure indicating a pullback is possible. While it is possible for the current wave structure to push higher, the RSI divergence supports otherwise. While any pullback would need evaluation, it may lead to a great buying opportunity.

BlueLineTradingLLC

Indicators line up and provide nice confluence with the pinball forecast.

BlueLineTradingLLC

While the indicators don't currently show strong upside confluence with the forecast, strong upside volume would be a good indicator of possible all-time highs. Remember that as we near the upper portion of wave 3, we expect divergences to build.

BlueLineTradingLLC

This appears to be a great long term buying zone for AAPL

BlueLineTradingLLC

While vehicle manufacturing may not be the most stable industry, it is consistent. Ford has been in the game the longest and may be the car make that prevails.

BlueLineTradingLLC

Seasonality in the greater markets would align nicely with the WMT forecast in suggesting that further pullback is in the cards, with the longer term outlook remaining bullish.

BlueLineTradingLLC

Forecasts suggest that a higher degree top may be near.

BlueLineTradingLLC

Getting very close to its pullback target and aligns with seasonality guidelines nicely.

BlueLineTradingLLC

The bearish short term shift from the high indicates this pullback is more meaningful and likely to be a larger degree wave two pullback with targets in the 101 zone.

BlueLineTradingLLC

Based on the forecast, indicators, and option flow, AAPL is likely to have more downside ahead before a bottom is found to push to new highs. On a larger degree, the chart is still bullish and opportunity is likely near.

BlueLineTradingLLC

As the S&P rises, bullish signals become less clear. That said, a short-term top is likely near and fits the forecasting narrative.

BlueLineTradingLLC

T has pulled back to the area of the 100% extension of wave 1 and 2, which aligns with the abc target from the current high. If a bottom is found, there is great upside to be had in this dividend monster.

BlueLineTradingLLC

Looking for a possible move up here toward the 18 - 19 zone.

BlueLineTradingLLC

117 zone an area to watch as it also falls inline with the indexes.

BlueLineTradingLLC

While it is possible AAPL is in wave three already, it is more likely based on volume that there is more short term pain, at which opportunity will likely present itself.

BlueLineTradingLLC

Looking for a short term high, followed by a retest of 5000 zone. From there bulls own the charts into 2025.

BlueLineTradingLLC

COST has one of the cleaner structures in the market and is a great long term ticker, as well as a shorter term speculative ticker. Ultimately, looking for a wave 4 of 3 pullback toward the .764 extension around 586, which is also heavily supported by the volume profile. Short term bearish / longer term bullish.