MARKET RETESTED MONTHLY RESISTANCE FOR ANOTHER PRICE REGECTION . LOOKING TO BREAK DAILY SUPP AND TP AT WEEKLY SUPP .
S and P 500 2 Trends 2 Trades Seasonal factors are beginning to show on S and P now. Over the last 20 years May to October periods have produced a correction of between 5% and 41% in every year without exception. The average loss per period was 14.9%. For the last 7 years if you'd bought the S and P on 16th October each year and held for 6.5 months until selling...
DXY: Dollar index has broken down and is now facing severe selling pressure down to 96.8, if not to 95.85
On April 28, 2017, the MetLife 20 day moving average (DMA) crossed below its 150 day moving average (DMA). Historically this has occurred 24 times and the stock drops a minimum of 1.184%. The median drop is 3.894% and maximum drop is 10.709 % over the next 12 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at...
CHD seems breaking down from an upward channel. It crossed down the lower channel line & seems it will go down further. We are looking for a quick short opportunity here. * Trade Criteria * Date First Found- May 1st, 2017 Pattern/Why- Upward channel breakdown Entry Target Criteria- Break of $49.32 Exit Target Criteria- $48.25 Stop Loss Criteria- N/A...
whait for all the confirmation candlestick bollingers rsi fibo harmony
Another sign the market has peaked. Buckle Up!
Only short if the 0.74915 level is broken, if not it's business as usual.
SPY broke down from an upward channel & seems approaching to channel support from beneath. We think it will be a very good shorting opportunity if it holds below the channel & reverse from there. And to trade that we would consider $235 Puts $235 Put option * Trade Criteria * Date first found- April 11, 2017 Pattern/Why- Upward channel breakdown Entry...
CHS seems forming a H&S formation in weekly frame and in the daily frame it is breaking down all the MA lines & strong support labels. We think it will decile from here down to $9.50 area. * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- H&S formation Entry Target Criteria- break of $12.96 or bounce to $13.34 Exit Target Criteria- Target 1-...
BOFI is a possible head & shoulder formation. It seems it has broken the pattern & $22.50 will be its target. To play this we would consider $25 April-17 puts * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- H&S formation Entry Target Criteria- $25 April Puts Exit Target Criteria- $22.53 Stop Loss Criteria- N/A Please check back for...
ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $62 or...
CY is breaking down an upward channel formation, and showing downward momentum. Moreover it is in the weak semi-conductor sector. It looks a very good short setup & it can decline below $12 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Possible momentum trade Entry Target Criteria- Break of $13.16 Exit Target Criteria- $11.83 Stop Loss...
FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area. * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of $13.93 or rally back up to $14.93 Exit Target...
PII is a possible downward neckline H&S formation. On the other side it seems breaking down from a long term pennant formation. So in short it can decline to down to $73 but in long term we are looking as low as $47.33 Please check back for Trade updates. (Note: Trade update is little delayed here.)
Break below today's low. Stop signal 97.84. Target 88.17/83.67
Break below 19.13, stop signal 82.33. Target 65.31