Bullish things I see
Huge Volume same amount of negative volume we had back in July right before the run up.
Accumulation on 1 hour chart was bullish for the past week then a MM dump (93mm) stops triggered (almost as low as when we started back in June and the low of the cup) MM buy right after (36MM)
MFI bullish.
MoMo bullish trend
MCAD bullish crossover 9/3
Gap filled 50% yesterday and completed today bullish
BB shot way outside this morning glad to see it come back in line bullish
Bounce at 1.99/2 was a 50% fib hit for 4 week
Bounce off of .618 Fib line
14 day RSI at 70 at 2.77
Bounce off of 9, EMA
Trend Spotter states buy
Conference tomorrow
Day traders who are notorious shorts are talking crap on the boards very bullish
Resistance is at 3.07 We have some room to go
Bearish things I see
Needs to break through a major downtrend line in the coming days (the one since the very beginning that it bounce off of in the beginning of Aug.
All major indicators are negative for the day (I think it was a dump so they can accumulate in the handle)
Negative for the day when the SPY is positive breaking through its negative trend line
A gap up tomorrow would be bad
Record with INO:
Buy 6/28 2000 at .70 sold 2000 7/11 at 1.42
Buy 7/23 10,000 at 1.28 sell 8/7 10,000 at 2.21
Buy 8/21 10,000 at 1.59 Sell ??? (1.75 stop)
Huge Volume same amount of negative volume we had back in July right before the run up.
Accumulation on 1 hour chart was bullish for the past week then a MM dump (93mm) stops triggered (almost as low as when we started back in June and the low of the cup) MM buy right after (36MM)
MFI bullish.
MoMo bullish trend
MCAD bullish crossover 9/3
Gap filled 50% yesterday and completed today bullish
BB shot way outside this morning glad to see it come back in line bullish
Bounce at 1.99/2 was a 50% fib hit for 4 week
Bounce off of .618 Fib line
14 day RSI at 70 at 2.77
Bounce off of 9, EMA
Trend Spotter states buy
Conference tomorrow
Day traders who are notorious shorts are talking crap on the boards very bullish
Resistance is at 3.07 We have some room to go
Bearish things I see
Needs to break through a major downtrend line in the coming days (the one since the very beginning that it bounce off of in the beginning of Aug.
All major indicators are negative for the day (I think it was a dump so they can accumulate in the handle)
Negative for the day when the SPY is positive breaking through its negative trend line
A gap up tomorrow would be bad
Record with INO:
Buy 6/28 2000 at .70 sold 2000 7/11 at 1.42
Buy 7/23 10,000 at 1.28 sell 8/7 10,000 at 2.21
Buy 8/21 10,000 at 1.59 Sell ??? (1.75 stop)