Looking for SQ to find some support here, sitting right on the 100day EMA, buyers starting to step in, and a little bull flag forming at the end of the parallel channel its been holding - Just some FIB levels & RSI-based supply and demand zones to keep an eye on
Watching the financials closely in the coming few weeks, JPM closing on Friday sitting right on the 50day EMA and holding a little bull flag as well. will undoubtedly be a long-term play but definitely worth noting that there was a very clear bear flag on the XLF last week that could potentially continue to play out, so something to keep in mind. However,...
I published an idea about a week ago discussing this channel we have been trading in since the ~$2100 peak we hit back in August 2020. This formation is clearly a bull flag, while they do break down from time to time this hasn't yet and if it recovers we are still all cylinders forward on breaking out to new all time highs. With the monetary situation globally...
