There is resistance right above here for $GS. I would consider it positive if we consolidate right here before trying to break through it again. If it makes it through, looking at $255-260 imo.
MSFT has been a beast since Nadella took over, but technically, this channel top has provided resistance the whole way. If we break through the top of the channel and close up there, I think it will bounce right back down. Alternatively, we may trade under $110 for a while until there is room break above.
While the S&P has broken the trendline going back to 2011 (that is not good), it still remains above the 34ema and 89ema on the weekly chart, which is positive. If it breaks through those emas, I've drawn in major support lines that would be bounce zones.
Additionally, the biggest thing I am watching for is the crossover of the 34ema and 89ema. For 25 years,...
I've drawn in some near term support and resistance on this weekly $TLT chart. But the larger point in this graph is the gigantic pennant stretching into last year. I would not be suprised to see a fakeout since we are approaching the apex of this pennant, but 2 consecutive weekly bars will probably signal the direction. Think everyone is expecting bonds to sink,...
