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
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.
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.
If we keep spreading Covid-19 at the rate it is currently at. By May 11th we should have almost a half a million confirmed cases and over 4000 deaths.
12:33 AM CT March 27th, 2020 - 104,256 confirmed case in the US.
Here are the resistance levels for PC&G. I can see going higher this week. This could be a good swing trade for this week, but not sure about the following. Saw huge call buying last week for $11.50 9/20 strikes and $13 9/27 strikes.