My dowsing chose this one out of the options available on the earnings whisper calendar posted on X, so I had to see what's up. I've avoided earnings for awhile, but it's good practice, so here goes:
Watch for a spike down and reverse up.
Low around 12 pts down = $139ish possibly 138
Time of day to look for the low or reversal up: 12:50-1:00
I've experimented with times quite a bit with /ES and it's mostly good, but most often reflects the time before an actual directional move and can be a higher low/lower high kind of idea. So don't expect it to necessarily be the dead lows, and sometimes it's just plain wrong. I'm interested in this though since my pendulum chose this stock out of all the other ones.
I'll update with a target if this seems to be the scenario.
Watch for a spike down and reverse up.
Low around 12 pts down = $139ish possibly 138
Time of day to look for the low or reversal up: 12:50-1:00
I've experimented with times quite a bit with /ES and it's mostly good, but most often reflects the time before an actual directional move and can be a higher low/lower high kind of idea. So don't expect it to necessarily be the dead lows, and sometimes it's just plain wrong. I'm interested in this though since my pendulum chose this stock out of all the other ones.
I'll update with a target if this seems to be the scenario.
I've observed enough times reversals when targets are hit, so it's definitely an area to take some profits. Especially since the indexes should be heading down into the end of May. 14% on SPY/SPX