bbahmed

bbahmed

Broke ATH Friday - Look For A Continuation If We Hold 900. Currently In Elliot Wave 3 With A Potential Major Target Zone Around 1300. November Is The Second Best Month For Seasonality (Historically Bullish)

bbahmed

Broke Out Of The Trend Line On 10/14 & Rallied Straight To 120 Rejecting Off Top Of The Weekly Channel. Showed Relative Strength Despite /NQ Selling Off Last Week. Something To Consider = We Are At Top Of The Channel, We Need A Lot Of Volume To Step Up In Order To Break Out; Possible Rejection & Retrace Back Towards 117.50 - 118.50 Region. We Want This Area To...

bbahmed

2-4 HR Stochastic Shifting Bearish. Weekly Stochastic Bullish. 10/18 5HR EMA Bullish Cross. 50EMA Crossed Above 100/200EMA. Potential Head & Shoulders Pattern Being Formed, Invalidated If We Stay Above 355.35. Something To Keep In Mind: We Have Two Large Gap Downs To Fill, Between 350.25 - 349.10 & 346.50 - 346.

bbahmed

Ran 8.50 Points & Rejected At A Key Weekly Resistance Level (377.50) Filled Gap That Was Created On 10/18 & Bounced. 5HR Bullish EMA Cross On 10/19: 50 EMA Crossed Above 100 & 200 EMA. Look For 372.35 To Hold To Stay Bullish. Potential Flush If It Doesn't, 368.50 1st Major PT.

bbahmed

TA: Extremely Over Extended In Need Of A Pull Back In Order To See Another Leg Higher! (Ran 23 Points Uncontested In Two Weeks) What This Means: We Want 447.50 To Hold In Order To Stay Bullish - Weekly Support. 445.40 Last Line In Sand - 4HR 50 EMA Sitting Here. We Can See A Flush If We Fall Under Towards 442.70 / 441 / 440 / 438 / 436