Looks like it could continue the new uptrend and test/surpass recent high of 36.17.
Entry 25.70 Target bottom of channel Stop- break through trend line around 26.50
About to test support again with a weak bounce off it. Entry 63.78
Price consolidation similar to May 2018. MACD Histo reached highest peak surpassing May 2018.
Beware of upside breakout, otherwise a good place to short. Starting with a small position until theres a confirmation to either side.
I like the the trend line, S&P losing steam, consistent bounce of F.I. at this level. Dislike the divergences going against it, although enough for me to do a small long trade. Entered 60.63
Adding small to my initial position of 31.67. I think gold will be making quite the run here in the future, the charts support it. Also looking at many other companies once they come down into value for a good buy. Entered 33.57
Looking to retest support. Entered 91.50 Chart used for my historical reference.
Beware of the seemingly lowest jobless claims report pointing to a strong economy. The economy is not a math equation with a definitive answer. Is it possible jobless claims are so low because people are being forced back into the work force simply because they cant afford being jobless? Remember the new jobs report just doubled expectations yet unemployment...
Due for a correction, losing steam. Turning into squeeze play on daily. 342.20 Chart used for my own historical reference.
Great spot historically on the F.I. to short, although conflicting bullish divergence on MACD histogram. Chart used for my own historical reference.
An uncanny relationship to the start of the 2008 crash to the current downswing we're seeing, starting off by being exactly a 20.3% market correction. Im not predicting the future, but I'll put some money on it.
Looking like its running out of steam. Chart used for my own historical reference. Entered 74.40