454.50 - 456.40 is the range.. Friday we close right above it with a descending resistance.. Momentum is bullish because of the PCE inflation news. Friday I made the mistake of choosing the technicals of Thursdays close over Fridays PCE release .Dow Jones 30min Thursday ,finally fell out of rising wedge and closed gap at 35,200 and has now Formed a...
Long back to 130... Short only on a close below 113. Pennant formed here.. Stock has only dropped below its 50sma once this year and that was on earnings.. 50sma is now at 113.70, so stock position + pattern makes this a good risk reward .
Ascending triangle forming to push this to ATH They could front run this and hit target off 200 before earnings or afterwards, but the pattern is there .
Bounced off lower channel late last week after earnings sell off. Minor time frame you can see the Inverted H&S that form friday, breakout over 342.50 with a 350 target . You really don't want to see a break down back below 337 but if you bought some time I'd be comfortable with a 335 stop loss or 50sma. So ... Long over 338 1st target will be tough to...
Huge week incoming... End of last week ,tech started to correct while Healthcare, Energy and financial started to break out ; This made it really choppy to trade spy. So the number one question going into this week is tech correction almost over or just beginning? As far as cycle goes ,tech usually underperforms during the summer. If you look at QQQ...
Rising wedge playing out here.. Next short only after it closes below 257.. Wouldn't short it above 257. Closes resistance is 267 or 21ema. Hypothetical bullish scenario.. we retest 257 again and for a double bottom for a move higher Looking at how low the Hourly RSI is I doubt they break 257 before a bounce higher. Below 257 and it's going straight to...
Long over 37.00 Target 40.00 gap close Stop loss 36.50 I really wouldn't hold this if this drops back below 36.25...
Gapping down on earnings.. Head and shoulder setup here on the hourly Has gaps at 337 and 332 to close. 50 sma and fib support around 330.. The setup is to short to 330-332 then long back to 340 Fib levels - All time high 366.78 Sept 2022 low - 213.43
Hit ATH last week (Unbelievable); Was it Build back better ? Looking for a pullback minimum to its 21ema or 252, from there we'll see
Been awhile since I've charted NQ.. Hourly MFI from 1-4 getting really oversold here.. still expecting a touch at 15,400 at some point then a rebound to15,650. Between the Feds and Msft/ Googl earnings there is more than Enough catalyst for a 1½% move up. Daily RSI almost at support
Dow jones breaks out , value and Health rocket higher. Looking for PG to tag 160 in the next 2 weeks. Earnings is Friday. Some tough resistance at 155 but once it breaks over that it's gone to resistance
Bigger picture is the broadening wedge Here Smaller picture is the falling wedge Both are bullish I think we will have a push up to 40 in the next 2 weeks , once Pfe breaks 40 the next target is resistance
Below 107, short to 100 target. If you place your 50sma and your 21ema you'll see where the 21ema is about to death cross. If AMD opens up anywhere near the 21ema I'll look to short with a 116 stop loss. Also, watch SMH sector. The sectors is sitting on its 21ema right now and any break below that will cause a big flush
Weekly look.. Using fib levels from Sept 2022 low to ATH you get 448.86 for .236 fib. Fridays price was a rising wedge fall out that led to a controlled sell.. the reason I said it was controlled was because of the low volume and the channel it formed. When there's real fear in the market you won't be able to place a trendline on support. Looking...
Long over 35.00 First target 37.59 Second target 42.00 Stop loss 33.75 Fallen wedge breakout and retest with the Double bottom.
Oversold on weekly, daily , and hourly. At the bottom of trendline support showing a inverted hammer bullish reversal candle with some nice volume... I don't expect V shape recover, possibly a double forms like in the circles I highlighted then the real move to 36-37 starts
Diamond bottom forming. Pattern is almost 90% completed .. breakout , if it does happen should in the next 3weeks. Major pennant on the daily Target 70$
Bank America headed into earnings.. Im looking for a 30.50 gap close this week... this move could have after earnings .. Despite Fridays profit taking banks are still setup for a move higher. Strong support at 28.30 or 50sma..