Seeking a quick day trade here and usually swings nice on intraday charts as you can see right now the 5DMA crossed the 8 DMA and looking for a quick 7% here.... Regards, Jason | www.tbltraders.com
with overwhelming bearish momentum and good risk reward shorting here is a good idea.. no description needed
Slo Stoch crossed positive volume is up the Russell and the rest of the market is selling off. A Bear ETF makes sense to me.
The blue line on the chart are where the Stochastics crossed after being in oversold territory. However it is noteworthy that while the stochastics plunged, price held up, only falling 5-6 points. This could be a bull flag, or the stochastics could imbed in theoversold area while price continues to fall. I would wait to see if price closes above the 13 MA (shown).
Apple has been trending down nearly all day and the selling has weakened significantly Short Term I Like this trade i see it going up to 129.50's by tomorrow mid day (March 3rd) & Then Continue On Its Path To The 127 area
Look To Go Short with the confirmation of a bearish candle Look To Enter Short In The 135.100's Stops At 135.350 would love to get your guys outlook on this possible setup!
The Three Drives Pattern began to form with Higher Highs. At point 3 on top is the reversal.
So far reversing from C point well. Will continue to gauge it with the SPY.
C point was hit and now on 1 min there is a inverse pup on SPY giving support to the decision that SPY will go lower.
Bulls and bears want (IMO) a retrace up to 2050. Bears want to go short at a higher price and bulls want to break through the high from earlier this month. I will be glued to the 30 min and 5 min charts looking for longs.
Well last night U/J broke below a support zone, and is now retracing , looking to go short at 118.85-.90 with a stop at 76.4% Fib. If 76.4% is broken I will be looking for long opportunities but for now U/J is still a sell for me personally. Profit target at the 161.8% extension zone. Market sentiment supports xxx/JPY shorts with US treasuries dipping below the 2%...
Im looking for a confirmation of the pop, volume to come in and target the 6 buck area. This is a INTRADAY idea, should be treated as such. IF I dont see confirmation in price action in the 15 min chart then I wont take the trade.
JCP in an accumulation phase. Let's see what happens.