ChartsMakeMeHappy

ChartsMakeMeHappy

SNAP may provide a nice long opportunity soon, even with modest price targets. I will be watching volume on a return to the neckline should this pattern play out.

ChartsMakeMeHappy

GOOGL is in a decision region which will dictate the next few months. It's possible the steeper trend holds until earnings and price continues upward from here. However, given the bearish divergence I am inclined to believe that the trend will be broken and the next few weeks/months will show a return to the lower trend

ChartsMakeMeHappy

BABA broke a key level of support on the weekly near $165. I would not begin scaling into long term swing positions until we approach the major support level on the weekly near the low hundreds. Solid earnings will likely provide some scalping opportunities on the .5 and .618 FIB levels. However, the chart looks quite daunting to be risking much capital.

ChartsMakeMeHappy

I remain under the belief that the bottom will be in the 4.5-5.5k range. This will allow a return to the major trend and some new confidence to enter back into the market.

ChartsMakeMeHappy

On the 4hr we are currently seeing a Bear flag form, which indicates a possible sell off on the horizon. I am currently watching for a bounce/reversal near the February low which also coincides directly on the bottom of the falling wedge. If the volume is insignifigant and the bounce is weak, I would expect a gradual sell off and continued dump to either support...