Here is a chart of SPY with the support and resistance outlined based off volume. TA can help you predict where price can go, and based off the current level its going sideways. This coming week we have earnings and FED speak on Wednesday from Powell. With inflation elevated and not appearing to decrease we can hear the same rhetoric from Papa Powell himself....
Long, Breaking out in the weekly chart and Feb $9 calls being opened.
RBLX broke daily resistance and is going to the next supply zone of 46.-48
Huge call buying for this week and next. UPST broke above the daily volume shelf on the profile. Price TARGET $40
What are your thoughts. Depending how the markets go this could go up or down.
This is one of the most beautiful weekly candles SIRI has had in months. Volume is increase and call options volume as well. Huge call buying on 6/18 $8 calls. If SIRI can break its previous ATH it can easily see $10.
SBUX next move to 119 in the next couple weeks! Watch for the MACD cross over.
Keep it simple. The next fib is showing a resistance 57K.
Watching the SPY on the hourly and it appears to be in a H&S pattern at the moment. Bull above 440 Bear below 429 Bull - US10Y goes above the 200 MA, less bond buying and DELTA variant isn't an issue BEAR: Delta variant, inflation, US10Y drops below 200 MA
Analyzing the next fib support and resistance. A lot of call buying into the $35,$40, and $50 March 19th calls.
Today multiple strike prices for Nokia were trading today. The $5, $6, $7 strike prices for multiple weeks were trading. Today the volume on the 1/29/2020 $5 calls were 75,610 and that is HUGE. We should see a move to the next Fib line to around $6.50.
Daily RSI sell zone looks to be around 60.
Either way the Elliot waves start $F is going below $6 sometime this year.