the recent bar really look like those from 19 Apr. to 23 Jul. History repeats.
the business is booming, the price just had a breakout, on track of a strong bull trend.
25 Jan is the day publishing the Q4 report, also is the possible point of time when it reaches it resistance line. Whether go up or down, that day counts!
1. still in the bull trend, without any big pullback 2. the recent bars look so familiar to those of 16 Nov. to 07 Dec. 3. its pullbacks stop either at the support line or ai the former tops. History repeats. Long!
1. tremendous drop in the first hour on Friday with a modest rebound, showing the initial overreaction had passed. 2. close above the Strong bottom support line 3. Friday's slump left a big Gap above! 3. there are 2 resistance line near above. Once opening above the first resistance line which is 9.06, the space going up is huge! Stop loss price can be set at...
146.48-143.83 a strong resistance area . Engulfing bullish bar in a strong downtrend = SELL Align to the other weighted symbol of NASDAQ(almost all of the top 10 weighted stock of $QQQ is facing downtrend destiny soon), the resistance might be VALID very likely! Short $FB !!
BAC is facing a 3 months' lasting resistance line, which successfully rejected 2 tentative puncture. the market is so sensitive, and the gap below must be filled. Short! 1. the stop loss is set at the resistance line. 2. the target is the bottom of the gap! the loss-profit ratio is 4.07! Worth a shot!
it has occurred 3 times to KKR that "W" pattern failed since July 2018. yesterday's puncture is highly possible a false breakout! maybe an island reversal.
'us generic govt 10 yr yeild' minus 'us generic govt 2 yr yeild' , when we see the negative, the $SPY is about to see its top. but not immediately. So, has $SPY bidden farewell to its TOP already? Maybe not...