(1) demand zone 89 - 94 (2) both gap not filled up and downside (3) consider wave 4 current stage (4) MA supports the momentum for uptrend
(1) steady support in the pink uptrend tunnel (2) small yellow uptrend (3) check vegas tunnel and MA, expect a run up after consolidation (soon to be ended imo) (4) risky ER play - 4/16
T is kinda slow so I post the weekly chart. (1) Soon to exit the triangle zone (pink line) (2) support at 27.49 steady (3) should not be a problem to reach 31 or even higher until inside pink line. (4) if it broke out the while pink triangle zone, scale in and hold.
take partial profit last week; wait for small pull back and consolidation, and scale in more
(1) 4 major gap up zones (yellow) below (2) ready to scale in stocks not up yet (eg. BABA, PLTR), for stocks like AAPL, SQ, be patient to scale in when pull back happens again; I already take profit some last week (swing and short-term risky averse purpose) (3) the rally up after past month's correction is due to high weighted tech stocks, many small tech stocks...
(1) yellow gap up zone below not filled (2) the blue line upside can be the potential support to short-term stop SPX rally (3) still strong support below, ready to enter when pull back, expect SPX to do ok before Q2 ends
wait to jump out of the downtrend line, and but at the support line
out of triangle, not rush to chase high wait for the consolidation and buy at support (shares, 1/3 each level)
(1) finished wave 5, out of triangle zone (2) could consolidate and ready to pump possibly (3) keep eyes on COINBASE IPO this week.
Increasing volume on Friday, there is strong consolidation between 24 and 22, potential uptrend.