On Dec 20th, I wrote on GOOGl lets see what happens at 1047-160. We hit both those targets, PB to symm support in the 1025 area and powered up to 1078 on Friday. I would be watching 1095 or so above and then the 1107-1116 area. I do feel that 1094 is likely to hit before a meaningful PB so will set up support after. This is the apex of the triangle as well as...
On Dec 26th I had mentioned that if the markets cooperated AMZN could reach the 1540-1570 area. We go the run to 1550 or so and then a shallow PB to target the .618 fib at 1592. For now, I would say that the 1545-1555 area should provide some support but the bullish trend remains above the 1511-1518 area. IF it can get above the 1618 area then 1670 and then the...
30/12 I am just pointing out the potential target if the IHS fails as it has in the recent past. The 2434-37 area will be the one to keep an eye on.
We hit 148.25 and are pB from that area. Support comes in at 145.29 and below 144 and then the 142 area. IF we get above the149.06 area then the 151.04 area comes into play.
Dec 20 Slowly but surely basing. We got to 45.22 and now forming a triangle. Whether it will stay within the confines and break out or break down again before breaking out remains to be see. That 47.50 area needs to be captured before it can try and head further up. It is likely that a reversal like the one we saw a couple of years ago is in the cards. Dec 23...
ON 30/12 I had pointed out a potential IHS and mentioned that failure at levels in the 2520's could send us down to the 37-40 area though the 46-50 area should hold. That is exactly what we got. The first downdraft held at the 46-50 area and the AAPL news got us down to 2440. For now, immediately, the 2517-2518 area should act as support. A break of this could...
30/12 In the last update, I had mentioned areas to watch.2505, 2516/18 and 2528> all these provided some resistance and finally we got push back at 2526. For now, we still have the 2437 area as potential support. It would also be a perfect touch of a channel on the two hour chart and potential IHS forming there. Though, I believe that the 2446-50 area might just...
30/12 In the last update, I had mentioned areas to watch.2505, 2516/18 and 2528> all these provided some resistance and finally we got push back at 2526. For now, we still have the 2437 area as potential support. It would also be a perfect touch of a channel on the two hour chart and potential IHS forming there. Though, I believe that the 2446-50 area might just...
In the last update I mentioned that any failure in the 2520 area could send us back down to the 37 area though I felt that the 2446-50 area would hold. That s pretty much what transpired with the last day of 2018 providing some 2 way action. 2526 still seems to be the hurdle to overcome and I am biased that this time we might just get that transition to the 2560 area.
We hit the 146.26 area (red line) also a .23 fib area. Lets see if we get above this. IN the very short term support comes in at around the 145 area and below that in the 142 area. I am choosing only to highlight support on bigger time frames except for the 145 support area. IF we can get past this area then 149.06 area should come into play
Dec 20 Slowly but surely basing. We got to 45.22 and now forming a triangle. Whether it will stay within the confines and break out or break down again before breaking out remains to be see. That 47.50 area needs to be captured before it can try and head further up. It is likely that a reversal like the one we saw a couple of years ago is in the cards. Dec...
Pretty spectacular move off the long term trendline. Big ass falling wedge but can also be argued as a H&S. ANyways, pontificating on the pattern is not gonna make us any money. We hit the 23fib. now lets see what happens. Do we get a shallow PB before headed to the 149.07 area before a more meaningful PB to retest the Long term trend line or vice versa. By my...
I am just pointing out the potential target if the IHS fails as it has in the recent past. The 2434-37 area will be the one to keep an eye on.
In the last update, I had mentioned areas to watch.2505,2516/18 and 2528> all these provided some resistance and finally we got push back at 2526. For now, we still have the 2437 area as potential support. It would also be a perfect touch of a channell on the two hour chart and potential IHS forming there. Though, I believe that the 2446-50 area might just hold...
Pretty spectacular the moves over the last 2 days. IF you caught any of this you must be a happy camper. Too early to hang your hat on bull horns, Bears are not in hibernation yet. Still a ways to go before one can safely say that. As I said yesterday, really need to get above 2740 or sop to even start feeling the bull is back. For now, these moves are very much...
Well. a pretty good move 9.5%. We are at 8 EMA off the daily and running into some fib confluence. Could it stall here? sure.. If the markets continue where they left off, I can see some shallow PB's to get to the 1540-1570 area.
Like the other indices, pretty stellar turn around in the small caps. We are currently hitting against the 23.6 retracement. If we get above the 133 area, then the 137 area is likely to offer resistance in the form of fib confluence. Again, it is wait and see. Have a feeling though that this might be a nose bleed for the bears.. I think as long as 126.3 holds...
This morning I had mentioned that this rally looked strong and that 90-91 was expected. WE got to 87 sold off and held the 40 area and then had a monstrous rally.. Even in the context of the current market,this is quite the move. Whether or not it is in reaction to the Big Bad Bear being called remains to be seen. IN any case, even a rally to the 2530-2550 area...