LUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 %
into a bear flag and support followed by a narrow range consolidation and a volatility
squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks
and open seating. The NR7 indicator on watch was firing continuously. I am taking a long...
SPY closed up 0.7% yesterday.
With most of the gains from gap open.
Yesterday was a narrow range day (NR7).
Such days are compression days and energy release can be quiet explosive in either direction.
ES futes are down about 13 handles and suggesting SPY open down about 0.4%.
Support is at 320.50.
SPY traced out a NR7 day yesterday and closed down 0.33%.
Lack of institutions participation meant a trendless day as locals took charge.
Advance-Decline line has made a new high.
Index usually follows the ADL trend.
Expecting higher prices in the weeks ahead.
ES futes are green as of now and SPY s open will be marginally green.
NR7 has compressed the...
We're seeing that the last candlestick is sqeeuzing is the smallest of the last 3 and 4, that means we have a reverse
take your stoploss under the the last candlestick
Because we're seeing a fundamental news on NZD in an hour, i am negative to that.
Share your opinion and like thanks
Good luck
I think hog could slingshot back here earnings beat posted nr7 on expanding lower bb at support level previous gaps heighten my interest as it gapped up making new 52 week highs testing historical monthly resistance before the 50ma gap break down before earnings. swing points don't look messy we could make new highs again above $64 with buy signal on oversold...
Picked this up from the weekly scan ended the week with a NR3 and NR7 combo.
The weekly bar also ended with a hammer-like shape with a slight upper shadow.
The Fib on the Weekly shows the next resistance level at ~$30
Break-out Signal on -2w bar
Prices closed just above fast EMA on the weekly, with the slow EMA hovering around $29 (a bit lower than I...
