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...
Unpopular Opinion BA - Looks weak. - Needs more good news and less bad news. :rolling_eyes: - Needs to stay above the moving averages. - Could drop to $202 - Worse: Could drop to $192.65 - Worst: Could drop to close the gap near $158.10 (Market would literally have to crash. Seems less likely.) I'm not posting this to discourage...just keep your eyes open. BA...
Another prime short contender that can see nice downside potential IF market weakness accelerates. Simple longterm bullish channel that has held since last year. Notice every time we reach the red region, we see some sort of pullback either back to the median (white line) or support (green line). I have a small short position as a hedge to the overall bull...
This trade idea was made by studying the current pattern of how the SPY has been bouncing on the 50 ema while remaining above the 200 ema in regular intervals. I'll call this the "Bunny Hop". This is significant because it's a sign of the stock market overheating. If you look through history, the majority of bull runs are spent bouncing across the 200 EMA with...
We've broken down after a partial rise fakeout i'm going to be buying put options for this ticker as i'm really not that bullish on commodities anymore at the moment.
We have seen signs to dictate that XOM was heading to the downside and we have got just that. The initial signs of bearishness was the Weis Wave showing that less buying volume was used in its recent push towards the upwards. Now we are seeing increasing selling momentum. The greatest sign of bearishness is our EMA crossovers on the Willy showing that the dominant...
NYSE:AMC Can the apes overcome their lack of language and brute force their way above the long term resistance levels? We have them mapped out for you here... Good luck.
NYSE:CSU Capital Senior Living Corp came up on the top gainers for Friday. The stock is showing no real strength in this massive downtrend the stock has experienced. Be careful by jumping into too quickly before you get your information. The Lag RSI Still shows significant weakness ahead.
I saw EGHT 11/19 $20 PUT sweepers and they caught my eye as I've honestly never even heard of this stock. Great time for me to learn. After checking the chart, it appears to be a nice short set up so I followed the sweeps : -Bearish death cross -Bearish MFI and RSI/Williams -DEC 20 unfilled gap below -Huge volume gap , can easily "fall off a cliff" -Rejected...
MMM after this vix spike sell 120 Jan 2023 PUTS and take in around $6.00 just sit with it You make a safe 5.% and if worse comes to worse you take it in at 114$ COVID MArch 2020 Low buy lo sell hi
UPS will trade under the ticker symbol DOWN until that gap is filled. $180 level is a good entry to go long.
AMD has rose massively these past couple of weeks but we are finally seeing major signs of a pullback. We are seeing a very strong signal from the VCPI to sell, meaning that AMD's recent uptrend isn't supported by volume. Not only are we seeing indications of a downwards movement on the daily but the 4h timeframe already started to indicate bearishness by crossing...
NYSE:AMC Update for AMC seems to have played out nicely. We are experiencing some bullish underlying momentum and may get a pop but this could also be a large fake out with more room to the downside seeming imminent. Look at the LagRSI to show the bullishness but in the current time frame we are still bearish.
Hi TV Community! I just got settled into my new place and wanted to do a quick ta on pfizer. This stock has been experiencing large call option buying recently and the price action supports this bullish context. We are breaking above important areas with ease and my target resistance level would be the upper yellow trendline. As we continue to see devastating...