$SPX $SPY Very nice breakout from the 22 months H&S pattern. Resistance is 3110-3117. Breaking that, it will go to 3327. With the election coming in in one year, I doubt Trump will do any damage to the market. But, we never know :/
SHOP Bounced back nicely form the 283 neckline. But, it still trapped inside a descending triangle, which is a bearish chart pattern in general. To stay bullish, it must, at least, get out of that triangle.NYSE:SHOP
$TWLO Still inside the falling wedge. Yesterday, it bounced back hard from 90 and went all the way to 92. I still feel there is a very slight chance for 88. Very less likely it will go below that. First resistance is 100. NYSE:TWLO
What you see here is AAPL's weekly chart.
A week ago I mentioned apple will run to 250 and it's probably hit it today or tomorrow. But, that 250-254 is also the channel's upper resistance. Earning in 2 days.
With RSI reaching 80, it has a very less chance to fly high further. I'd expect it to pull back to 230 which is the channel's support. NASDAQ:AAPL
We all love round numbers, don't we? Even-though, I was tempted to go long with yesterdays' for the following reasons...
1. Doji candle
2. Nice volume
3. Trading at 50% from ATH
I was scared because it didn't show strong come back like all other software stocks. Maybe one more flush to that loving 20? NYSE:WORK
On my last post, I mentioned COUP is one of few stocks which reverse back with a MONSTER move. 10% Move in a single day! Closed all my calls for a nice 100% gain. It still has a long way to go and make new ATH. Because it's moving inside a megaphone pattern. NASDAQ:COUP
AAPL With good earning results,250 will be on play. However, that'd also be the channel's upper trend line resistance. RSI also about to hit 80. If you're planning to go long here, just be cautious. NASDAQ:AAPL
There are very few stocks bounce back pretty hard after a pullback. COUP is definitely one of those. It always bounce back hard from that 126-128 area. Let's see if it can do the magic again this time. I have few November calls bought from yesterday. Megaphone setup should hold. Otherwise, there is a chance to go to 98-100. NASDAQ:COUP
GOOGL still inside the weekly uptrend channel. Almost touched the bottom trend line. If the BTL (Bottom Trend Line) doesn't hold, will go all the way back to 1186. Otherwise, should go to 1226 this week.