Gold showing some life after falling back. I don't believe the rally in gold is over.
JPM check my previous post. Price fell back an consolidated since the post but a breakout looks likely after the great report today.
CRON has made it to the basement. I would be very surprised not to see some accumulation in this area. The RSI has not been this low since 2017. There can't be many sellers left...can there? That said I will not be a buyer until I see the downward trend line broken to the upside.
ILMN looks poised to fill the gap. Watching for break and retest. Might push up going into earnings.
TTD at gap support, ascending trend line and 618 coming up on earnings. May get a bounce here.
YEXT down to demand zone, with a BAT pattern and trend line in play. Worth watching this area.
Todays close will be an important one. Below 290 today could mean trip to 200.
ROKU At temping to find a floor here but struggling.
I like that we are hanging at the high of the monthly range, but the expanding price action and decreasing volume may suggest we need more sideways action before we finally have a definitive breakout.
If you want to be a buyer of ROKU now is the time to start looking. Bouncing off 122 in pre market. Was hoping for a drop to 120 but may not get there.
This breakout from a 1.5 year consolidation could be significant... if it holds.
The longer ROKU flags like this the more likely we have a compound correction down to 120. See previous post.
If CPG can hold above the channel theres room to 6.50.
Looks like treasuries have been more of MOMO trading vehicle then a flight to safety since 2008. Question is..what happens now after last weeks dump. Must be a ton of people who bought that top and now want out.
Be surprised not to see at least a short term bounce coming into the 200ma and the psychological 200 area.
Will look for a lower time frame reversal pattern in the green zone. Would be just playing for a short term bounce.
Want to add to my position in this. Will be watching the completion zone for a reversal pattern.