It would appear that the intermediate term trend is going through an ABC correction. Supply Zone exists in the $53.50-$57 range Long Term Price Support exists at $54 50% Fibonacci retracement exists at $54 Measured Move exists at $55 Channel Resistance exists at $62 Long(er) Term Price Resistance exists at $63 Short Term trend bearish I'll go long when I...
Looks like a decent long opportunity approaching for natural gas. If weather cooperates, or we hit my target, I'll jump in.
I don't know how price action will play out over the next few weeks any better than the next guy, but if this scenario happens; where we bottom and then run all the way back up, that's a very bearish scenario. Price would fill the gap, and also meet previous support turned new resistance. A divergence should also form if we get to that point. Key Takeaway: Prior...
DJI I'm not trying to stroke any fear. I never have set out to do that. I do occasionally look at longer term fractals though, and this was found on the weekly going back to the 80's. There is a strikingly similar price movement in both percentage risen and timeline. After this large drop in the 80's the market went on to double. But this was a significant drop...
Would you really consider shorting Apple? Is Apple the posterchild of the Technology sector? Has the Technology sector been holding up the market? They've been calling tops in the market for months and years now, however price keeps on rolling upward. Therefore, I'm not going to step in front of a moving train, just because the train has its brakes on. But I'd...