$DJI looks ready to fall soon, with overall markets looking somewhat "bullish" I believe we'll see a blow off top event happen before our drop...if we get one. Other factors such as, global taxation from G20, +10% inflation, and surprise tapering should cause a sell off soon. The chart is forming a rising wedge breakdown pattern in my opinion, with a gap fill...
Markets look uncertain at the moment, and with the President speaking on the 31st could move things around a bit. This is a daily analysis of $ROKU, looking at the weekly & monthly charts gives a clear picture of what direction this could take. GLTA :)
Bring this one down town! I think ROKU can see a nice drop coming down to the $115-$110 range before stabilizing out. The strength on the 45min chart does not look well, but there's some optimism looking at the 1D chart, but even then it's still in range for the set PT of $115. GLTA and stay safe!
Is summer cancelled? By the way things look it might be....Spotify has had a big run in the past 2 weeks with new podcast and etc. but with less people going out and upcoming lock downs I think we can see around test of $220-$210. GLTA and stay safe!
SPY doesn't look to strong coming out of the gate for July. With the "second wave" of COVID sweeping our country and NY implementing a second 14 day lock down, I think we can see the SPY around 295-280 before things get better. GLTA and stay safe!
I think we see Roku hitting $130 by June if the trend line holds. The market looks bullish overall, so I wouldn't be surprised to see it hitting the top channel. $130 is my conservative price target, GLTA :)