Almost to R3 on daily and at 1.618 trend fib ext after BCLX then UTAD.. Short it..
Tagged R1 and below 10ema with VSS Day 2. BOI set for mark down.. Buy May $31P's @ .72. Should tank on ER tomorrow..
I will be looking to short NFLX into Moday ER after the bell. R3 on daily and 1.618 fib ext. Would love to see it tag $112.99, which is the 61.8 from it's highs.
Looks like capitulation to me on UVXY. VIX / VXV ratio below .80 only weekly chart, 3 of past 5 weeks, which hasn't happened in over 3 years. It's possible we see a big move next week. The probabilities support it, IMO. I get it, TA on a derivative of a derivative isn't technically sound, but providing perspective based on the MASSIVE sell volume into these...
In context, below S3 on daily,m weekly, and monthly. .22 from tagging the 1.618 fib trend ext.. I would expect it to tag and overshoot.. This will be bullish for equities..
Now the most overbought in 2 years with the 1.618 extension just above. CCI at 260+ and RSI over 70.. Will need to pull back to S1 at least
Basing. Would love to see one more support test - for my own selfish reasons.. :)
I'm looking for a trend reversal on oil. Can go higher w/ levels above, but I'm skeptical.
Looks like a short to me. Gap fill 61.8 and R2 daily