$MES_F #MES showing a solid 3-press low formation that is looking to fully complete at the bottom of channel support. That creates a great one-two punch for longs to attempt a pop higher again.
Price is beginning to show consolidation and range mentality. This could be a significant low reversal area in the bigger scope, but in the nearer term there is potential for a short push back. Normally, I would be looking for a move back to lows and potentially further but with the strength of the double bottom, I don't want to get caught getting stuck at the...
$AAPL had their split recently which caused the market to go crazy for a few days after the new pricing came in netting the split buyers a very handsome profit. Once those buyers dumped, prices plunged down to the $100's where it has formed a base of interest just above at $107. Buyers will be looking to maintain a higher low rotation and begin the push back up to...
$DIS had a bit of a stumble dipping down but, to unsuspecting bears (so far), buyers were waiting for the right time to strike. The massive one-two punch of a 3-Press Low Pattern dipping in to rising support was good enough but if anyone doubted them, the bull bar closed out super strong. Either the buyers rip this higher or this is a final stand and we get a...
Sellers have been very strong on the drive down and now breaking lower again with a 3 press low is beginning to show signs of slowing. Each consecutive low is less distance than before and rounding off and it just so happens to be occurring at the channel lows. Buyers are under pressure here and this is a last ditch for them. A break below the low would be a...
