Giving it some time, but things are lining up well with incoming data, current news environment, and upcoming news/data forecasts. Chart showing a possible H/S forming after previous price consolidation. We shall see!
Same bad news DD listed in my previous post, guess MM and Bulls faded out because all the incoming data is hammering out any bullish sentiment and momentum. Seems the catalysts this week will all be bearish heading into FOMC in late March. Big move coming, retest of prior support at $375-380 levels, then we will see from there. Targetting EOW $390-392, may...
T, W, Th, Fr: PMI, FOMC, Unemployment, PCI. $TSLA bearish news on Recall. $AAPL Bearish divergences and possible H/S playing out. Both weighted heavy on $SPY. China-US relations heating up. More money sent to Ukraine.
Thinking of shorting, but we'll see. Not financial advice, just thoughts. $409-$411 resistance w/ support at $402-404. Previous weeks have signals...
