an old stock I liked way back when, and it looks to be getting ready for a move up to 10 dollars again. Earnings are tomorrow, so please be careful. Technically we are at long term horizontal support with a falling wedge and weekly bull divergences. It's a nice setup, but of course - this could fail miserably. Again, please be careful.
next leg up possibly starts very soon. Looking like an inverted head and shoulders bottoming pattern here, and with daily and weekly bullish divergences on RSI, I would think continuation up is likely. Over 34.5 would be a big step forward and could take it to the 50 area again. Good luck!
I could be wrong but judging the price action and rsi, I expect 4200 and more by Friday. If true, tomorrow may be a huge day in the market 100+ points or more. If I'm wrong we will break 4100 and I will update the possibilities. As of now, I think a C up to 4200+ is likely. If true, the gap on SPX cash at 4220 probably gets filled, and a short squeeze could push...
All in the video, SPX likely wants to get to 4200+ sooner or later to take out more shorts and convince bulls we will rally much further. I expect a choppy week with CPI on wednesday and claims on thursday. us.econoday.com Good luck!
All in the video - two options, the stronger is spx to about 4k in the next few days. Good luck!
a Grab Bag of interesting stock setups. It's possible the market just chops around for a a few weeks and more, so I'm looking at other stocks which have interesting setups. It's a bit random, but I hope it's helpful Good luck!
Quick take on the SPX moves this week and the regional bank index - KRE Have a great weekend!
Gold daily bearish divergences are warning of a pullback. It certainly can go higher to take out stops above 2100 but I don't that rally would last. Maybe demand for the USD is coming again as everyone is bearish on the dollar at this point..... Various lines on the chart can be targets. This is very similar to a Wyckoff distribution top so a thrust slightly...
a Chinese tech stock which broke out if's downtrend earlier this year. This area and slightly lower should be support. We're also at daily and weekly BB support and weekly 100ma support (not pictured). RSI is hinting that the stock is very oversold and could see significant upside to 10 dollars or more. Keep in mind this may also just be part of a correction ...
All in the video - wanted to get it out quickly - good luck!
All in the video. While a pullback is likely, with the FOMC on Wednesday, a further rally to 4200+ is still likely coming. The 4 hr rsi was the problem last week for bears and I do believe they will try to push it to extremes yet again. Both Gold and Bonds look they want to go further after a small pullback. BTC also looks like any pullback will be bought with 32k...
Dow Jones is a clear structure with rsi divergence building. One more high to 34500 is likely before a larger sell off. Watch any pullbacks in the next days for bear traps.
Quick update on the markets - I do think a bounce is coming but it may be limited. SPX 4120 is my minimum bounce target into thursday or friday. Keep in mind the economic numbers at 830 tomorrow and AAPL earnings after the bell. AAPL in my opinion will disappoint this time but tomorrow it may run up before earnings, as it usually does. OK everything is in the...
Presented is my reasoning why 4200+ is likely this week coming or next. Having said that any push up to 4200+ will be a wonderful short opportunity. I compare where the market is now to where IWM was in it's 2020 consolidation and why RSI is important to look at for "breakouts". I hope it's helpful Good luck!
From what I'm seeing, 4200 area still looks to be the target. Today's selling is not impulsive, and with the rsi being low again, chances are tomorrow we rally yet again. Gold may continue it's pullback to 1940 area, bonds may also continue selling off, Oil is at resistance but it could pop above with the general markets. BTC looks like it wants one more high. Good luck!
If I'm right (a big IF) USOIL may rally significantly in the coming weeks. Between 77-76 is the buy area. Under 76 and things could get ugly quickly, but the mid time frame rsi is telling me that is probably not going to happen. I'm looking for support in this area and a move up to 90 in the coming weeks. Good luck!
What I think is going on - the path to 4200 still very possible this week or next with the economic numbers. This is a quick look at SPX, IWM and XLF Good luck and see you during the week!
Overview of many markets - tech may be the canary for the overall stock market, oil could continue to 84-87 area, Gold is at heavy resistance and Dollar is a strong support, Bonds still look strong and maybe a safe haven play, BTC may tag 30k before all is said and done. Good luck!