Price fooling around at the 0.786. Not shown here but notable is the declining volume in advancers at this price.
OFC the nutty market can fool us again but going long here would be a low reward position IMO.
Not investing advice; trade at ur own risk; GLTA!
Just an idea. Not saying it's going down like this, but looks a lot like Dec 2018, twin peaks, second rally slightly lower high; see what we get Friday.
Clearly need to be cautious going long at these high prices, 4238 may well be the ATH. pure guesswork now IMO. Not advice; trade with care, GLTA!
Fibo at 4168 expected turn, might pump higher, but it will sell again. Same pattern unfolding as last June swoon. RSI declines.
Might break under 4k, or give a double bottom as it did last year around this time. IMO very unlikely to get back over 4200 until move is over.
Trade with care, it's full of traps for bears and bulls now, just damned risky in any...
The Ellipse, or Lens, is either a consolidation pattern or topping formation. Gap we saw Thursday 29 Apr likely an Exhaustion gap.
Higher prices seem unlikely given weakness overall but MFI oversold, RSI resting at support level; a brief bounce seems likely.
Longer-term, expect correction to support at former price resistance.
Not investing advice; trade at...
It's formed a 'W' cypher, sharkish pattern past week; typically these pullback to the 0.50 Fibo then bounce, or just sell more.
RSI is fading but not oversold. Probly got one leg left in the rally to ATH this summer, after sell in May and June Swoon IMO. GLTA!
Trade at ur own risk; not investing advice!
Clear Bear Signal on 14 Apr, engulfing candle in NQ ate up every penny earned on 13th, a twin tower. Volume declining, RSI Overbought.
Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May.
A real correction to emerge later in May > June; then a summer rally. ERs will drive it now,...
Every major top ended with the parabolic, a vertical unsustainable spike, delivered on an exhaustion gap.
Overlay from Aug > September fits perfectly... expect a gap weds or thurs to terminate in blowoff around 4200.
RSI went to 88 on 2 September. Closed at 77 Tues... still room to run higher into overbought zone IMO.
Trade at your own risk; GLTA!
Overlay of last weeks' runup on this lateral consolidation move leads to 4130 by Friday. See if it happens. No position; waiting.
Happy noise from Fed Powell could be the catalyst. If it fails, this price zone will be a mesa top. GLTA!
How high could it fly? Expecting 4130-4144 tar. Maybe it already topped? We'll soon find out!
The megaphone is ominous, could get correction back to support at 3800, or less, if it plays the horn.
Not investing advice; trade at your own risk; GLTA!
Companies get sued all the time. They hire gangs of lawyers and negotiate settlements, the shares recover, the business grows.
Bouncing off support here, pretty clear buy signal at end of impulsive bear move.
I'm buying for kids' college funds and calls in my trading account.
Not investing advice; do ur due diligence please! GLTA!
It always ends like this. Overlay from final wave 5 rally into 2 Sep.
Just something to consider before you go full bore shorting this.
Finding the exact fit to this week's rally was quite sobering.
April is usually very bully and we're coming off a very Beary period since mid-Feb.
The overlay suggests end price ATH at 4446.
IMO a Big Bullup may well occur....
I wouldn't go long here yet. Wolfe projection suggests tar price in box between 3700 - 3810. After that; to the Moon.
Overlay from October correction second wave fits this one pretty well so far. Sell the rallies! GLTA!!
No idea wth this thing will do next, made bank playing the sells, the rallies have been surprising and shorting overnight is fail...
IF this is a bottoming IH&S pattern, the rally up here will be something fierce IMO, don't get caught short! GLTA!!
Based on previous price moves, these selling waves last from 3-5 days sessions. Yield inversion has tanked techs, selloff could intensify.
(overlay from 2-5 Mar)
BUT; If this holds, expect a smallish bounce 19 Mar, more selling on 22 and pivot to long entry on 23/24, as it did last year on those dates.
NOT investing advice; trade at your own risk! GLTA!!
Stim bill passed; but it will be the last such bill; sell the news, usually. If the bulls want to go ATH, here is the path!
Trade at your own risk. Buying calls didn't work so well today, stiff resist, kept batting price back down, always a sign pivot is near.
Gonna pullback soon IMO; lets see how far and where it pivots. GLTA!