Financial sector is leading the market at the moment but petrolium within industrials is also showing signs of strength. $BCT stock is in a buy zone:
1) Relative strength curving up on daily and weekly - potential outperformance
2) RSI in buy zone
3) Massive falling wedge approaching its apex, watching breakout today
4) Volume signature shows the presence of...
Once $ES retests the top of the blue lane = bottom of the red lane = swing low on daily I anticipate a move through the middle of the channel, testing, and the bottom test. This rally end in 2900-3000 area. 3150 is my invalidation point.
Another bearish wedge, something's cooking in chinese tech stocks. Can't believe we could finally see Weibo hitting $20. Massive support and buying interest there. $WB fundamentals have been pretty solid — will buy as much as I can carry.