3/May/2019 09:18 PM
If global markets are going to continue rallying, EEM will likely push to the past highs. With IWM breaking out I would think to look to EEM as well and see how it is holding up.
I wouldn't be surprised if EEM is just made up of Chinese internet companies though.
Other time frames listed below
2 hour needs to be bounce here
If it doesnt daily time frame RSI will break down
Before this we were focused on the 1Hr 50 level, and then the 40 level after the first test of the 50 during this massive up leg
General note: All higher timeframes are bullish. Stars are aligned but rejection could take place. THus why were...
Energy has been lagging the oil recovery significantly. Looking at the RSI of XLE on the monthly chart suggests that this could be the month that XLE finally makes a sustained move higher. The month has yet to CLOSE above our RSI level, but its a starting point.
Oil Services has been lagging the energy recovery.
This could be the start to another move higher. Recently OIH has had massive under-performance relative to oil.
Breakout out or get out. Maintain the RR. The under performance has be significant thus far.
Chart interest me too much not to publish an idea on this. Not taking action right this second
RSI and MACD likely test their supports here. If we bounce it is definitely a buy. I will take a teir 1 position at the least there.
RSI is in the right zone for a move higher here it seems.
RIP to the shorts.
In all seriousness thou financials look strong here. I think this is moving higher.
RSI uniformity breakouts are some of the best signals in the business. I think this one is good to go.
Both Mu and AMAT seem to be trying to move higher right now. MU has started its run slightly before AMAT.
AMAT trades at fair valuations. EV/EBITDA is at 12.85. PEG ratio is at 0.7. With great growth I feel as thou I am not paying too much at these prices.
We could have a retest of fake out here. I plan to take a position. I should of already taken a pier 1...
**No position yet**
Entry Requirements(One of the following must occur):
1.) Price Action resistance break along with high volume.
2.) Teir 1 position on RSI uniformity line break #1 (the light green)
3.) Full Teir 2 position on RSI uniformity line break #2 (solid green line)