SPX weekly showed the downtrend direction. Tomorrow is the last day to continue the downtrend, so tomorrow there is a chance that we should see SPX below 2820 with gap down tonight or in the morning. I looked at overnight to define the trend, although most of the direction showed the upside, in my view, I see the direction should have remained in the downside. ...
Today it confirms the down move in my view (more like retrace) below the first trendline. At least this stops uptrend move.
We want to see 2860 and 2830. If it moves below 2830, we get to the second trendline. Below 2784, we are really in a downtrend.
5 mins head shoulder is formed. Next move should come down before anything. Bigger header shoulder since Jan 2018 also formed.
Market need to confirm to move down if this is the next trend. It needs to move down to 2870 and below 2865 to confirm this trend.
FB should continue to move down till it hit the trendline. However, it doesn't mean that we can not further move down!
We will track the movement when we get there. Hold till any reversal. In my view, the top is in.
Bigger market is in down trend. For NIO, it seems a little oversold and back down to the support line.
I will buy some at this point, and wait for more stronger signal to buy more. If it further break down, it may not be a good hold.
It needs a tighter stop.