Ok, a lot going on here so, let's put it all together. Accumulation Summary: We see a selling climax where institutions began loading, then a resistance test. You'll see the institution buying on every test of the range low. Final secondary test on 6-7 to shake out weak hands and accumulate as much stock as retail would sell. Lastly, declining volume over...
Another example of a bearish macd divergence that should play out. It's possible we see $50.41, which is the down TL, R2 and .764 fib ext. Momentum not supporting price action. This could be consolidation, because macd already as strong as May levels, but PX was $62 there. Or, maybe about to rollover, which is in line with my ES direction. I do NOT have a...
Rising wedge into upper BB and bearish macd divergence. 44.76 would be the ultimate short set up at 1.618. UTAD will be complete. 31.83 the most likely bottom target..
ES Macd making a series of lower highs dating back to 11-3-2015. We see the bullish divergence at the lows in February and now bearish divergences since 3-22-2016. Price is with 5 handles of the 3-15 high at 2110.25. If we look a the previous macd low from 8-2015, provides insight into where momentum may reverse on a steep pull back. Price macd low is 1850 and...
Looking for 1145 test, then back up for a lower high and pull back to at least the 61.8 at 1131. Most likely is 1121.70 where the 20VWMA sits and the .764. The pull back should provide the opportunity for digestion and a move higher to 1187-1200 before the next big move. Will share later. :) Swinging this A LOT..
Accum pattern not as far along as anticipated. I like this stock and will load again at the 25.34 level Upside short term targets #1- 30.24 #2 - 32.00 Then has to test downside.. #1 - 25.34 #2 - 23.92 #3 23.52
Observation only. Trend line into 1.618. Will post more. SHORT. Stop 2106
SHORT THIS WITH TWO HANDS - BUT, buy time.. Rejected at R3 and 1.272 and way overbought. TOAST
I posted this a week ago and targets tracking to the 116.97.. The 115.05 level is also of interest and would look for a target 96.50 by end of June. Not much room left. Building a July $106 Put position
I scaled profits on TWTR because overheated on ST TF's. 13.68 I will take a full position.
Huge opportunity, but don't love the Px action. 11.28 is load the wagon.
I've been very bullish on this stock and still am, but we could see some temporary weakness. I took profits on calls and scaled common Friday. Rejected at the 20 VWMA on daily which aligns with the upper BB on 4hr. I don't like the secondary test taking out the low with SLO STO hitting OB levels so quickly. I could be wrong, but my instincts tell me the a low...
ES1 outside upper BB on daily and tagging R1 at the 1.618 fib ext from that 3 drives. We see a flag break and measured move takes it to 2188.25; however, right now the divergences are supporting it. CCI overbought, SLO STO putting in a lower high and RSI showing a divergence thus far. I see two scenarios. 1. We tank Tuesday supported by rate hike talk and...
DXY outperforming the market and high yield.. Shouldn't happen. Strong dollar should translate into weakness for equities.
At lower BB on daily and broke below the 2.272 fib extension. Also, see bullish divergences setting up since April. Record volume at extremes indicative of capitulation, then declining volume over the next six sessions and below average. UVXY avg daily vol %> SPY avg daily vol % for over a month. Nothing more dangerous than complacency. Looks like put support at...