Might need more time but the chart is sliced in two at this level. RSI turning overbought here on hourly - not yet on daily.
Key level upcoming. Watch it get tagged.
Still holding. Worth mentioning that RSI is still breaking through.
Not a strong close as the 52 price level was rejected but relative strength to the S&P was outstanding all day long. Still waiting for that higher high on the intermediate term that would come with a break of the pink triangle. Might be a good time to raise your stops if you entered around 50.
Gap up faded this morning. Another test might get us going.
Bullish signs beginning to emerge after 9 months of underperformance. Bounce off of inside trend line from August high. SMAs of 5, 20, and 50 scrunched up inside midpoint of symmetrical triangle ready to slope upward with any price continuation. RSI closed over 50. Entered at 50.46. First price target is 60.00. Gap to fill, 200 SMA test, and second target at...
Since all-time highs, AMEX:XBI has developed 2 head and shoulders and is currently developing a third one. Given how overbought AMEX:SPY is and how troubled AMEX:XBI and NASDAQ:IBB are, I suspect this pattern will form. My target is roughly $38.
SYNOPSIS: MARGET GEOMETRIES: - GEO: This represents a high-probability event, whereby two Geos have a shared 5-second point defined. As per the Geo's Off-Set Rule list, this third condition calls for a limited rally to the price level corresponding to Point-3. - JANUS (Proprietary Pattern): A prop pattern is lending support to a probable near-term support...
cup with handle, right side ends at $63 when handle should form, around March-24th. It could go up to $80-90 by June.
squeeze and pop it like a zit shorts
No position until descending channel break out. $SPY
For Monday’s open, 5 ETF's are potential buys under my rules for Pullback Strategy. This strategy identifies oversold ETFs and takes advantage of the tendency for prices to revert to the mean in the short term. The ETFs set up as potential buys for Monday are listed in the table below: XPH -SPDR S&P Pharmaceuticals EIDO - Indonesia Invstble Mkt Idx MSCI EUO -...