FLOW seems to be bouncing off nicely from the trendline and this has been tested for a couple of times. Do you notice the deep V pattern at the chart? The price goes almost 90 degrees down way to hit the support line and fly from there. Do becareful if the price breaks the #trendline, so we shall place a buy limit that higher than the current candle to catch ...
DJI had a slight pullback yesterday but is still above the 50MA so we are still optimistic to see a short term bull run We would suggest to avoid going into positions as earning season can be quite volatile The market will have big swings depending on the earning results of the major companies Do follow us at our Telegram channel: https://t.me/nimbustrader
Alibaba is still moving within the downward channel and it's hitting the 50MA right now. Earnings are coming up in about 2 weeks, should be around the top of the channel if nothing major happens to the market Will be putting this in my watch list Do follow us at our Telegram channel: https://t.me/nimbustrader
Charted this awhile ago while the Inverse Head pattern was forming near the bottom.. Today it rose nicely to the resistance of the Inverse Head pattern and will look to see if a right shoulder will be formed or will there be a break out from the resistance Do follow us at our Telegram channel: https://t.me/nimbustrader
SPX formed a doji candle yesterday but still looking healthy at the moment. There might be resistance ahead from the larger down trendline. This will be an important area to take note. Hopefully the earnings season would help to lift the whole market higher Do follow us at our Telegram channel: https://t.me/nimbustrader
Ethereum had a nice break out of the down trendline following the mega pump from BTC and it is now slowly drifting higher It would be good if we can go above the 50MA. We are currently short term bullish bias for ETH and perhaps this will get the ball rolling for ICO's bull run Follow us at our Telegram channel: https://t.me/nimbustrader
Daily charting of SPX on 17th April.. we can see that it is still trying to break through the MA50 resistance but so far it's still quite healthy as long as it stays above the trendline Also earning seasons are coming up and Netflix seems to be leading the good news. Good chance we will see a bull run if the earnings are all pretty good