I follow the AMEX:SPY closely but after pulling up the chart for the Q's it looks like we may be seeing an even more critical level to hold... What are your thoughts?
AMEX:SPY An update on the SPY Chart shows continuing bearishness. We are not getting back to the 0 line on our upper indicator and falling further below our current level on that indicator would be a very bad sign for the market. Inflation doesn't seem like it's going away and crypto may be showing itself as an inflation hedge.
I will be buying the November and December $310 and $320 puts in preparation of a potential breakdown
Looks like FCEL is trying to fill the gap. LOOKS very weak. Hopefully soon il be bullish on it. But for now I am still bearish. PT should be near $5.75.LOOKS LIKE IT IS TRYING TO FILL THE GAP AND AGAIN DON'T WAIT FOR 5.75. BUT DON'T RISK AFTER 5.75.JUST GET OUT OF IT
AMD looks bearish. Broke the trendline, ugly red candle today on the daily. Momentum has subsided, looking at $103 strike puts expiring 9/17. I think AMD will fall to $100 before finding support.
AMEX:SPY For those that are following this chart... You would have been well aware of the weakness the market was showing overall. After a bounce higher, we were never recovering on our Laguerre RSI. The explosive move to the downside today was flagged by the weakness in that indicator. I would totally have posted yesterday but It was my girlfriends birthday...
I have my stop above the 1.13 fib extension and will be looking to buy reasonably striked puts expiring around November and December
Possible good short idea with a break below the box $189/188 zone. I like the R/R on the short side with a volume pocket indicating a possible free fall to $180 .... Juicy Bulls have been defending this spot however and could also move back up towards top of the box. Watch for a break to the upside to go long. Short side invalidated if box holds. Essentially...
the floor is in sight for tesla. nothing personal elon but the macd indicators just crossed and are forming a possible bullish formation!
NASDAQ:EMB As a way to get exposure to the China housing debacle.... I go over my chart on a new position I opened that has relatively low volatility considering the weight of exposure it may have to the chinese housing collapse.
NYSE:UBER Is a great way to make money part time, especially if you can do it to invest that money in to the market. Why do I do Uber? That's simple... I do not trade with money I cannot afford to lose. I love investing but I also love paying my debts. Unlike China... ok that was pretty weak. Anyway... This demonstrates buying the wrong break out and what...
Hello All, This is what I look for when studying a chart. I hope this helps you in doing your own analysis.
Took profits on my longs and flipped short (10/15 $85 Put) on Celsius . Appears to be a top channel rejection with a pretty bearish engulfing candle. Small volume pocket below bears and profit taking could easily push this to $79. Bearish confluence on indicators as well. Just praying reddit doesn't mention the ticker and it pumps to $500 : )
AMEX:SPY Yesterday I posted some trendlines for SPY that ended getting bought up in the morning. Today we are checking in with reality to see if the overall outlook is as bad as it seems. I'll be following these lines closely as well as our Lag RSi since we are showing overall weakness and further downside is very possible.
AMEX:SPY After several days of a massive sell off, the pain looks like it could continue further. The Laguerre RSI shows favor of the bears and we are currently pinched between two of my favorite moving averages to watch. We have a larger trading range opening up and could see price retest higher before continue it's downward momentum. Be careful in this market!
UPST: pullback in progress ~Ever since it opened in feb at 44 bucks, it has been growing fast and is at 270 rn ~The uptrend we are in now is in the midst of a pullback and is a good replica of the one on Aug 18-20 ^^Support zone 1 at 260-263: should bounce here to around 276 resistance before going back down to a PT: 255 ~I would play puts in parts Part 1 with a...
BABA seems to have completely broken it's trend and looks to be preparing to reverse back down to where it started i think in the next few months you will certainly see BABA below $145 and worst case scenario it will go back to the 60s.
I originally entered this at the 88.6% Retrace with the thought that it could be a bullish bat with divergence and while it did pump 32 percent from the PCZ it did not come close to my normal Bat target yet. But while holding my position on this stock i noticed that the price action actually looked a little like a Head and Shoulders so i decided to take profit and...