I'm still buyer of the Dip until this positive divergence get taken out. If we break out of this Bullish falling wedge we might even see a all time high but I dint think so. Either way good rally will take place.
The QQQ is Bullish all around. Nothing says sell now. Bearish rising wedge broke down on a smaller time frame and we have seen some selling. Bears didn't prove anything on Friday and also with VIX dropping is a sign that Bears are loosing control in the short term. We sold off on Friday so I expect similar action since Friday usually reflects Monday so buy the...
Large Megaphone Top. I wouldn't even short a the Double top at this point because how it went through the gap. Similar week or two and S&P500 will be at All Time Highs! Buy the Dips until that projection box 3487- 3662. It might not get there in a straight line.
This is the Confirmation that we might have a pull back. Don't expect Crash in the Precious Metals or the Stock Market. 10%-15% correction might be priced. Way to many Bears to call a Crash! Positive Divergence on 4 hour and its so over sold on the hourly Chart.
I am a Gold Bull but nothing goes up in a straight line. Negative divergence telling us trend change is close and its hitting that top of the Chanel. Its in line with dollar bounce and the stock Market Pull back. Also bonds are about to rally (i know it doesn't make sense that interest rates gonna go lower). Next week we will see a pull back but I don't know how much!
We should not believe breakouts with Negative Divergence! Good chance we have seen the Short term or possible long term top in Apple. I would be very comfortable buying puts on Apple (did buy some puts). I sold my calls at $9 right before earnings but that same Calls went up to $45 at close on Friday. @ $425 I'm very comfortable taking puts home for the weekend...
Rising wedge I drew is for grabs for a debate. Most importantly Bulls are getting exhausted at this point and its getting confirmed by a daily candle on friday. We need a nice pull back if we want to go higher. I do have a higher Target.
If we have a straight drop confirming Hanging Man on Sunday night and uber cut July 24th low we are gonna have that 15% +...
We are flirting with that trend line for 2 days! We might see that Pull Back we have been waiting for. I think we gonna set a lower high here because what I see in Major Stocks.
US Bonds got a caution after Market Close. Extreme Caution if you are a BULL!!!
Buy the dip on QQQ. Looks like we completed AB and C is coming in the next 2 days. Who knows what comes after Thursdays the close! For now I'm long until 264.50-266.17. We could get there in a single day or two the latest. Today's sell off to the close was done by traders not by Institutions.
Small Caps have been trading sideways right under the downtrend line forming a bull flag. Buy the dip at 1455 and once we break 1485, Russell could rally to 1550 with in few days. Nice profit if that happens.