Apple has been in a free fall. It seems building a Bear Pennant. I'm 50%-50% if it plays out or not because there is a bullish divergence on RSI. I feel there is one more flush out before earnings in January!
FB has been in a downtrend. Finally broke out but there is no Volume. Seems to be inverse H&S(this one is not the most bullish H&S) Let see if there is a follow through. Over bought on daily. Testing resistance now (50MA)
This is my second Triangle (first one was too small and got invalidated) Move up on Wed 28th (Jerome Powell's Comments) I think its a dead cat bounce. Until Fed starts cutting rates and launch QE 4 there will no floor to this Markets!!! Let see how it Plays out. I know there is a lots bullish divergences building up but it could be false signals in a Bear Market!!!
Since its broke out of ascending wedge its been a choppy market. Its really over sold right now. It needs a little bit more flush out before some gains. Volume could be lower due to Thanksgiving. Let see how it plays out.
We are in a Bear Market. I doubt we will make new highs in near future. Lets short it on every bounce!!!!
Shanghai Composite is being traded in descending wedge. Also Bullish Divergence on RSI. Will see what happens soon. Smart Money thinks its better to be invested in Chinese Markets then US.... Also its been down almost 50% from the highs in 2015. And never got close to 2008 highs. Our Market turned in to a hyper bubble doubling the 2008 bubble...
Apple had a big sell off after earnings. Missed phone sales. Took a short at $222 @1 day before the earnings and sold @2.99 when the stock hit $199. I think there is one more short entry developing. I bought a Jan 18th 2019 $175 put @ $1.25 again. Risky but reward 100%-300%. Good Luck
Not and Investment advice. Just sharing my short trade on apple