Watchlist Price broke and retested previous resistance on volume Watch if price can consolidate above 4.4 on dropping volume Ascending triangle pattern Trading above 21EMA
A Huge week is coming up for the airline industry next week. As you can recall, the Stimulus Package passed back in March provided the airlines with $25 billion in aid as long as they didn't let go of any their employees for a certain period of time. That certain period of time expires September 30th. The airlines are asking Congress for additional aid and the...
Don't like the move yet off the bottom. Leaning Bearish
Not much has changed. bearish short term
Leaning slightly bearish with 11.75 target for a bullish reversal. Bullish longterm over 10.72
Waiting for one direction or the other. Expecting another low right now. Still bullish based on move off 10.72
Got the drop I was expecting but move up doesn't look great. Leaning bearish
Leaning bearish right now. Expecting reversal relatively soon ~12.5 to 12.8
Continues bullish move. Target ~16 for 3rd wave. Wave 2 bottom could be in now. Get more bearish under ~13
American Airlines overshot target by $0.25 with a weird spike move. Counting that as a top. Correction looks to be over soon or over now. Leaning towards a bottom around ~12.50 but this move off of the .618 extension has promise.
Expecting top ~13.75 for this move. Could be in at 13.30
Looking to see a reversal soon if bullish. close to my target for wave C right now
Expecting bottom in an A soon with a bump up and more correction to come. Impulse up off recent bottom looks nice
I think we saw a recent spike from American airlines as buyers are finding interest as price hit the top of previous major structure (green arrows) an s&r play. Notice the spike of the candle where I have a red arrow drawn. To me this looks like an exhaustion candle as buyers got slapped back down. I some what agree with playing the previous structure as an s&r...
My count invalidated ~12.3. I give two scenarios I see. I'm leaning to a bearish outlook at this point.
Last week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear...