If you plan to hold longer term its a good bet...there will be short term pullbacks for sure as with anything but if you see in the chart the 1000 count candle with the Ichimoku area formation with cloud bullish explains a lot.... neutral to bullish with short term pull backs giving opportunities to profit
The close below the 9 DMA ( see the last time it happened on the left) and that we are having an rising megafone on price could mean that the range is volatile and that buyers are not feeling very confident. Could be a good short for Monday and then we see how the earnings season unfolds to decide the rest of the week.
Not an ER player but I like to chart it for subsequent plays with an IV drop for options play. Based on the support levels I try to get out into the monthlies but close much sooner to save on theta decay and delta release. Factors: 1. Restructured recently 2. Bauxite was ok but not phenomenal the first Q 3. Bagged a bunch of new contracts 4. China slow down...
watching...saw this start in June where the right IHS part started forming
Just a perspective. See the way S&P500 has been growing since QE started. Such moves seems common with SPX. I hear a lot of people say the bull run is rare and has never happened, its crazy etc., but looking at prior data it seems plausible. We are still in QE mode with Fed influencing the market much more than ever before. Japan, Europe all in QE mode. What to...
The HH = higher highs, H - High and LH - lower high followed by L = low, HL = Higher Low and DB = double bottom the seems to have hit a trend, we need validation to see if this trend is holding. If we go down to 1940 it would mean the trend is holding and we are headed the LH route until that is breached. To breach that we would need 2117 as a confirmation. The...
Fibs as you can see pushed priced down at the 38.2% level, the triangle had a minor break out that could be bullish. Other signs - RSI is getting into the overbought space MACD is showing a divergence with price if we break through 107.82 we will get to 115 pretty fast... if we go back into the triangle we get back to the 102 to a fill the gap and see if we...
oil broke the channel today and went below the 9 day MA - MACD looks a little ready to flop - we will keep an eye OPEC was moved out could be a bullish factor
Tesla seems to have held that "support held" blue line but there is the curved dynamic resistance line along with a wedge in red that looks bullish....the throwback or reject point is really here....has the fundamentals gotten better? Its hard to say
this could happen, no guarantees but this is just a projection we could see a Monday jump to 204 range We could see a pull back Tue and wed to 201 range or even 200 we then take off into a up and down sway until the ER season starts in April we can evaluate after that all projections based on price action this week and "kepler" Safe trading - throw a like...
Draghi is gonna talk tomorrow and based on his announcement to further weaken the EURO and QE the economy A divergence play in action here for those interested to get early into the party Trade safe
I was looking at past data and doing some analysis and looks like we are going to be in the range as mention in the chart - the blue lines...we may have a moment of Euphoria with a touch to 40 and cross over that but will return to the safe zone ...I will track to see if we break this zone ( the lines are just approximations not daily targets) the upper and lower...