L1ner1der

L1ner1der Updated 

Good morning my friends! After a convincing bounce last week off a plethora of short term supports we’re just a hair short of ATHs. Yesterday midday we broke back into the megaphone but closed on the very outside of it. We also bounced off of the neckline of this small IHS pattern and we’re about finished putting in the right shoulder which could be interpreted...

L1ner1der

Don't anger the bears, they'll call you stupid and uneducated. We broke from the megaphone and I believe we're getting our back test with the close of the gap from the morning, I'd be cautious with shorting until you have true confirmation. With Biden signing infrastructure later today they're basically pumping $1 trillion into the economy, what that liquidity...

L1ner1der

Happy Sunday all, This next week should be pretty exciting. After catching support at the bottom of the channel and a variety of support lines, I do believe we're set to have a pretty bullish week. Price action Friday could be option related, but I don't think we would've seen as strong of a bounce if we were on track to drift lower. Bearish scenario: We are at...

L1ner1der

We can go either way here, on one hand we just rejected off of long term resistance, on the other hand this might just be a buy the dip scenario like the many others before it. We'll know by open tomorrow, I'm going to be watching very carefully for a bounce or breakdown. Neutral, but leaning bearish. Take everything I say with a grain of salt, I'm not a...