I continue to be cautious, but this could be an early tell on how this market breaks (higher or lower).
Here is how I see it. $114-$118 level does not seem so unreasonable if this market really starts to roll over.
Earnings will be big tonight. Will it negate this pattern or confirm with a miss and break below the neckline around $210. I have a feeling the China drama is finally going to catch up to this one.
If bearish or over-leveraged use future strength to lighten up.
Rotation into late cycle-think defense with a nice dividend.
Rounding bottom pattern. Retail laggard that could play catchup into year end.
The 30 minute chart shows what could be an inverse head and shoulders pattern. I am looking for a check back to $58.25 area. If that area can hold I think we have the potential for a move to $62.5 ST target.
This could be a large rounding top forming in $BABA. Looks like it could be problematic for a wihle if trade war with China worsens. Bears could sink their teeth into this one down to the $140s.
This trade offers a good reward to risk. Stop $232.75 Trigger >$240 Target $260
Inverse head and shoulders pattern on the daily chart for the $TLT...$124-$125 target in the ST. Would go long the $TBT once reached.
Falling wedge breakout. Not sure if this is a warning sign to the overall market seeing strength in staples.