I would like to see a 23+ move to the upside within the next two days. The S&P looks to be respecting the diagonal trend line that is testing all the recent lows and on top of that there are several horizontal lines that could serve to be resistance. I am seeing a very vague ascending triangle with higher lows and minor highs testing the horizontal resistance at...
The SPX is in a temporary bearish state with strong support soon to be tested . There has been two particular stepping breakouts with a span of 3-day consolidation within the past week. After every three day consolidation there has been roughly a 22 point (26 point including the wicks) move to either the down or up side. I expect a 22 point move or less ...
High Positive Volume after Earnings
Bullish Breakout on the S&P
No Strong Resistance anytime soon
Options open interest is 5000+
Very Bullish Fundamentals
Sector is Neutral with a slight upward momentum
AARONS INC is in a clear up trending channel. The S&P just broke the 50 eMa and 20 eMa which indicates bullish momentum for 70% of the stocks that follow the market! ATR is around $1 so the stock has potential to dip down to the 100 eMa within 2-3 days. I would like to see a pullback on S&P 500 eMa and an oversold signal on either the Stochastic's or the RSI of...
- ATR is $1.40 ( Nice large moves)
- Stochastics came out of overbought territory
- Volume is below average which is just a neutral point to consider.
- Below 50 eMa and 20 eMa
