Twilio looks oversold and ready to bounce towards the 200 day average. May re-test that lower trendline as well. Long here with tight stop. Short at or above the 200 with a similarly tight stop. Set trailing stop once the descent is confirmed with 2 red daily candles.
Two scenarios here:
1. Ascending wedge is in play and Apple re-tests 2018 lows. This would not be a good look.
2. Symmetrical triangle is in play and Apple breaks out after a bit of a rest.
Either way, this stock is going down short-term.
Furthermore, my analysis suggests that Apple stock price is the direct result of buyback efficacy. Net revenue is down,...
Insiders think bonds and metals will sell-off as the Fed remains hawkish. I thought the same until I saw this chart. 6 year round bottom with backtest almost complete. This could rocket higher than anyone thought possible.
This pattern will delight and disappoint bears, as it leads to short term squeezes with long-term payoff. Would be hard to hold a short through this cycle, especially given the need to roll contracts beyond September.
Invalid if price dumps early, which it may.
VXX, VIX, TVIX, VIXY, etc all consistently banging against a descending diagonal trend line, meanwhile also printing an inverse head & shoulders pattern. A break above neckline or DTL suggests a massive move higher for volatility, which spells trouble for equities and indices.
The NYSE, a laggard compared to $SPX, $NDAQ, et al, is just points away from printing a higher high (Sep/Oct high), but also bound to the peak of a potentially dangerous ascending wedge. Should a higher high be printed, this would be very bullish for the market in general. However, if it does indeed top here, it suggests a strong reversal is likely across all the...