ItsAirplaneJane

ItsAirplaneJane

looks like the makings of a w on $TVIX if we break the 125 level today

ItsAirplaneJane

You can see the point of control on the 15 min chart and might be a selling point. With the RSI's extremely high on Daily, Weekly and Monthly . Daily and Weekly above 90 and Weekly anove 80 it seems doubtful that this run will continue but would not short until confirmation

ItsAirplaneJane

Looking at the down trend not convinced that we have changed directions this could be the top of the channel entry for the next leg down. We shall see what today brings

ItsAirplaneJane

With the WHO (World Health organization setting up potential global emergency) The Fear world might be growing exponentially

ItsAirplaneJane

On this 45 min chart we might be seeing the start to wave 3. We shall see if it is able to break the lows of Monday

ItsAirplaneJane Updated 

Looking at the breakdown of the top 3 holdings $NEM $GOLD $FNV and the rounded bottom here on NUGT we might have a nice move to the upside with the seasonality of the gold sector and the Gold futures hitting breakout highs. We will see if we hold the highs this week on the Gold Futures

ItsAirplaneJane

Looking at the cup and handle on the weekly chart looks like a potential price target of $523 in the next 6 months would not be too abnormal. and with the past 51 trading days having over 50% short float those shorts keep thinking it will crack and they keep getting squeezed

ItsAirplaneJane

Looks like me might be having a move up 296 based on the top of the head down around 286

ItsAirplaneJane

On the weekly chart it looks like they wanted to bring it down to 50 SMA for support. If that holds then thinking we have a gap down to rip up on better than expected earnings. If it breaks then bearish. Watching the price action in comparison to 50 SMA at 254.68

ItsAirplaneJane

Looks like we could break out on $DIS and that $JHCS $DIA $SPY $VOO $IVV

ItsAirplaneJane

For the bullish side above 184 and for the bearish side below 181.80 for now still in the consolidation box. Testing 200 sma on a 3 hour chart we could rebound here especially if $AVGO has a gap to the upside today with the better than expected earnings

ItsAirplaneJane

Looking at this box of consolidation would be bullish above 289.74 or bearish below 288.43

ItsAirplaneJane

That is if we can close above 1740 today

ItsAirplaneJane

just like the other day whehn $AMZN had a nice bullish wedge, now it looks like we are going to go down if 1690.5 is broken to the down side and $SPY as well

ItsAirplaneJane

Break of 273.95 could squeeze the shorts and retrace over the weekend

ItsAirplaneJane

On this 90 min chart $AMZN is setting up higher lows with 1617 acting as resistance. Could squeeze some shorts and create a nice retracement swing trade and affect the $SPY too

ItsAirplaneJane

On this 90 min chart $AMZN is setting up higher lows with 1617 acting as resistance. Could squeeze some shorts and create a nice retracement swing trade and affect the $SPY too

ItsAirplaneJane

The dashed purple line is the prior trend line that has acted as support if we break that trend line and a close below 262.1 I believe a bear market is officially in action.