Expecting a retest current pivot low $98s, then a pull up towards $110 with good ER report?
Observe for buy/sell signal by the afternoon.
On a mid-long term, more consolidation between $123-85 to be expected before decide new trend.
** Possible break through previous low $79.
Currently, Uber is looking bull and ready to pick direction. Most likely upwards towards $29/31/33.
Observe later this week for more movements to decide direction.
If earning /forecast not good, could go downtrend towards $21.60/70 for support.
Strong SPX expecting higher 30F point -- looking at $41xx this week and $43xx next week with strong forecast financial report.
Tomorrow will have a pull back retest $3980 bottom -- a great chance to buy dip for Friday rally -- Apple expecting close at $160 +; Semi-conductor rally is in town!
Not a pretty picture for FB/META, unless a much better than expected Financial report? I'm looking at downtrend towards $120, then looking at $165 resistance level . META has a long way to go to uptrend?
SPX closed at $3998.95 (Almost $4000) today. Expecting a higher close point between $4010-4038.
Watch for turning point -- but mostly followed with a pull back to retest 30F(Green) pivot ZG (higher support line around $3970), and move uptrend.
Red -- drop back into the consolidation area for more wave.
-- News -- in next 10-days Xi & Biden will have a meeting...
There area three possible way for SPX to walk - check Blue/Red/Green three way general analysis. IMHO it's going down to retest support $3900, $3940 , and even $3800, $3750 area -- most likely build more consolidation area, then decide to retest $3636, or reach for $4150 -- Follow the wave!
Currently at uptrend towards $415 (SPX $4150-4200) . Expecting a pull back to form a 1F (blue) pivot area, then/or spike more next 1-2 days, then pull back to retest 30F ( green) pivot zone -- or build a 5F (red) pivot area for a further spike.