Trading within this channel..either breaks up and go higher or break down and test the major channel support at 224. My bet is on the downside.
$RPRX Cup and handle formation - Long candidate
$INVN Tested 50 dma support line
after earnings and about to break out
and test 200 dma...go long.
From the chart it looks like GPRO is about to break this trend line and test the 200 dma and if it breaks look for more gains in the near future
GDX looks like it is going to fill the gaps
Ascending triangle..higher probability of breaking to the upside and outside this triangle..$FEYE
$TLT 20 Year Treasury notes looks very extended and at the top of the trend channel. Next move has to be downwards.
Short $TLT, long $TBT
SPY going to test 200dma very soon
$GDX breakdown of descending triangle with target of $18
Will break out of the symmetrical triangle to upside soon
I think $SPY will test 200 dma by end of this week
Met the resistance at 50day..doubt it will pierce through that resistance. Gap fill is inevitable here.
Going to test 50 day and then 200 day
OCLR breakdown should put it close to long term trend line
We will be trading within this tight triangle for a few days until we break in either direction?
Symmetrical triangle on a hourly chart usually breaks down
Long $VIX $UVXY and short $SPY until 203