Need SPY to stay above blue trend line and eventually test resistance. If we can't stay above the trend line we could be headed back down for support(not charted).
Orange line is the middle of support and resistance key levels
Need to stay in the upper half in order to remain bullish
Staying above purple zone shows strong support and evidence that we may test ATH again
Positive: The more times we touch 302+ the weaker resistance becomes. Inverse Head and Shoulders possibly forming.
Negative: We saw lower highs and lower lows on 10/8.
TSLA is an absolute POS. Upgraded PT of 578 and still won't do anything to show me some signs of life. Currently in a trading triangle that has more downside than upside. Will need a strong bull run to break out of it. Still has a LOT to overcome before looking bullish in a strong manner.
Possible we see ROKU stay on the downside and fill the gap before rising back up. However, if it doesn't we have some key levels it needs to break before retesting ATH
We have a lot of room to make up for before returning bullish. Many key levels to have to get over before another swing entry. Levels are on point for scalps if day trading. Everything going as planned from yesterday's chart, although I was bullish prior to 10/8 market open. NVDA hitting all key levels and running to those key levels as expected. Might not see...
STOCH and RSI healthy, STOCH curling up. Trendlines/SR Lines all drawn. NVDA has a new price upgrade of $650. Stock is trending bullishly and approaching ATH.
