The last time I posted about my entry in $SQ I got stopped out. However, I am planning on entering again because it has shown strength (look at how it has bounced off its 21 EMA at every test).
It is also consolidating into a tight bull flag and looks prime for another run at its ATH. Earnings are on August 5th.
$SHOP is another one that respects technicals really well. It's shown strength over the past months in the way it trades within its volatility box before breaking out to form a new trading range. Look at how tight this bullish triangle is.
$SPOT time and time again has shown solid technicals. Starting from late 2018 it has traded within its volatility box up until May this year when it broke through $162 with conviction. It then continued to trade within another volatility box up until June, before positive news catalyst pushed it up to trade at around $275 today. It looks read to break out of its...
Since early May, $SFIX has been consolidating within its box. Its technicals played out nicely the past couple of days as it broke out of its consolidation with igniting bars.
Here's a weekly chart with a better perspective. If it can break $32.50 with strong volume then a final target of high $40s is not inconceivable.
On the SPY 1D chart, we see the 50 Day MA crossing under the 200 Day MA, which is conventionally known as the Death Cross -- a bearish signal.
If we draw a Fib retracement from the start of the sell off to the bottom we saw last week, we are heading towards the 0.68 Fib level. Very possible we bounce off.
Volume has also been decreasing since the bounce up....