Look to the scenario of 20 days rule, it's going UP or DOWN accuracy in trend for 20 days. Now, I expect that the volatility will increase, even double to 10 days, but with less movement between 3%-5% range. After increasing volatility, and in next 20 days, with movements like /\/\/\/\/\/\, than in the middle of february, high expectancy of movements to 2650$ price level.
Consolidating for over a month can lead to a big move over, fib extension levels above.
Markets seems to have rotated to the safer haven stocks today, such as FAANGs and blue chips. SQ, a consistent producer for the year, could be in a much needed pullback or retracement as a result. RSI trend has snapped but is still in bull zone. Key support levels to watch are the 220, 214 and 200. Must have confirmation first, though. Purple box for ideal reversal area.
Tsla has gone down since my last analysis but, the sell price was never reached and I believe a complex correction is about to finish forming contrary to my previous analysis. After this formation if we get a nice bullish candle in the $380's-$400's I believe Tsla will continue higher to the $600's. Tsla is one of the only stocks to actually rally (a historic...
NASDAQ:AAPL gapped over a trend line resistance today and retested it as a support. There is also a corresponding horizontal support at that level as well (Near $113). So far it looks good, currently long from 113.60 with a stop loss at 111.90. The next resistance target is near $119. The only negative thing is that the ADX indicator is still bearish. If it...
Ticker: $SPY SPY dropped down to lower lows WITHOUT any follow through. This gives bulls the chance to get some sort of bounce going to start next week. Like always, volume will be key if this is indeed a bounce or "significant" bounce. Bulls have to break 331.20 resistance to start the week in order for us to say our weekly lower high (319.80) is set. The $NDX...
TICKER: $SPY Huge pull back last Thursday and Friday, breaking the weekly HL of every candlestick pattern. We dumped significantly and have bounce before labor day weekend. I will be looking for a SHORT entry on a LH bounce if there's a low risk high reward setup. Keep in mind if the market is dumping like we've seen in March, things could get extreme. Panic...
According to Finviz, more than 75% of stocks are above SMA50 and close to 60% of stocks are above SMA 200. Furthermore, SPX has stayed above 3200 for a month. Historically, DJI is usually the first index to recover after the market crash because investors want to put their money in safe mega cap and blue chip stocks during the bottom-out process and time of...
still holding 145$ calls for 8/21 lost most of my profit but Im holding For the announcement coming any day
Filling orders inside the prior bull run in order to base for a move back towards ATH's. Would set up a round bottom there with target much higher.
$IBM monthly I am getting so bullish it's honestly making me sick...but look at this! Potential 10 year bull flag w/ bullish divergence at the 2009 high. Earnings next week. If strong, could start a move to 210, a 68% move.
Thank you for your continued support :) Strategy: Moving Averages Formation Bias: Bullish. Breakout from long term resistance of 18.84 and the shaded box consolidation range, followed by correction with the lower shadow touching 50% key level and closing up exactly at the mentioned 18.84 level. Stop-loss: 18.54, the open price of the breakout candle; or 18.46,...
Looking like Walmart is going to break down to the second resistance into earnings then if it can support at those levels will likely get squeezed to new highs heading into the holiday season.
SBUX has defied the recent weak market activity, and has run up to a new all-time high. The Percentage of Shares Held by Institutions remains well above average for a big blue-chip stock.
This is one of the trading situations I hate most - when I get too late for optimal entry, and I find that the asset has been trending already for quite some time. In this case, the optimal entry would be around at 1020, on the left chart you can see the area has been circled with a black line. This asset is a reliable company that has been growing for years,...
Welcome fellow traders! A quick recap of what's happened so far today with the SPY, as we can see it's going for a retest of that strong support of 264. At the moment on the 1 hour chart it has tapped and surpassed that now resistance level. This is an ascending triangle it has formed on the 1 hour chart meaning the break signifies upward momentum BUT if it comes...
If we take a look at Apple stock performance on the 3-hour. We will see that there was a huge retracement. Although I believe this to be temporary. I believe in Apple and its goals. But what does just providing jobs to the economy do for Apple and it's lacking innovations so far. Retracement Fibonacci sees Apple have a modest chance of growth in spite of recent...