Compare current price action breaking through each Daily Simple MA (10,20,50,100, 200) with 3 previous instances. Likely, WMT will drop till it falls below 200 Daily SMA before it becomes a good buy candidate. The RSI has also turned down. WMT is up against the upper channel line. On the flipside, WMT can break through the upper channel line, which would be...
It has been a couple of days since ShawnZ signaled sell on daily chart. Since then, it has been rejected at the 20 Daily SMA. If someone got a short in this afternoon, it should pay handsome. These are setups which one dreams of - Sell the Rip at the best possible price. Of course, I could be eating crow on Monday. Time will tell and TV will record for posterity....
Is there anything good about this chart? I mean seriously! The short has been on for a while since ShawnZ signalled sell on the daily and weekly. Since then, it has been setting lower lows and lower highs. Will Monday be any different? Given the entire market is weak, why would anyone buy this? From TA perspective, the only daily SMA left below this stock is the...
Chart shows all. 3300 ES target.
zm may show strength as other nasdaq stocks show weakness the next two weeks. i have marked a bull flag pattern that is looking to burst to the upside. 2 tgts are marked at 50 and 100 daily sma. weekly shows zm completed abc corrective move and higher highs are in its future barring overhead resistance from most of the SMAs. caveat emptor.
ATH near 3900 today and then a 200 point drop over the next week.
Now that I have your attention, there is no ice age. However, your LONG investments are about to cool off. Just an unbelievable number of Technical indicators I use are pointing to weakness in the market. The attached chart shows the following: 1. ShawnZ has proclaimed downside on ES after months. Don't take him lightly. If someone knows the author of this...
Anchored VWAP provided support today but is likely to cave in per AH price action. Target 138/9.
Here is a money maker for you all. Since Nov 12th, ES has moved up in waves with pullbacks of 55% and 78% being most common. We are in the middle of a pullback. A minimum pullback of 55% would be 3720 ish on ES. Are you ready?
This chart shows price action from the low on Jan 4th at 11:00 to now. We see a 50/61.8/78.6 percent pullback for each leg up. I haven't seen much of a PB on this leg yet. Warning that we may see weakness today at open.