potomacapitol

potomacapitol

widowmaker technical alignment. the 79th time is the charm! risk at recent low, target 1.92 for at least half position close

potomacapitol

38-40 should be a reliable magnet down to 30-31 level POC. Potential for 40s to be respected, stop if close >40.

potomacapitol Updated 

sometimes she diverges from the broader market, but in aggregate SPY performance impact seems high 50dma crossing 100dma cross should complete Monday expect upward move to $5 or high $4s as a result. Ideally see resistance at 150dma

potomacapitol

Bullish 50/100 dma cross pending but overbought RSI, elevated CCI, pending bearish MacD cross, lots to room between the 8dma break and 20dma support. Likely a few red days pending on this move downward, with good upside on the related ET(N/F)s.

potomacapitol

Heavy retracement last two sessions with few options left to salvage the week for bulls. Good chance of further downside really based on how 'investors' react to various MAs and if there are any catalysts in the key indices.