• TSLA did a Bearish Engulfing candlestick pattern yesterday, and it is back to its 21 ema area; • If TSLA loses this 21 ema, it could seek the next support at $187 again; • TSLA is still in a congestion, and only a breakout of the $187 would reverse the bullish sentiment; • On the other hand, it has to break the previous resistance at $214 in order to trigger...
• TSLA corrected last week, but it seems it just dropped to hit its support at $187, and now, it wants to bounce again; • Last Friday, TSLA confirmed a bottom sign, as it broke the 21 ema again (which worked as a resistance last Thursday), it broke Thursday’s high, and it filled the previous gap at $198.52 (making it an Exhaustion Gap); • All these bottom signs...
GOLD GAP M15 no Close!!! So that gold can continue to rise. the GAP must be closed first! If we do open, make sure we don't leave the position open for the weekend. we definitely have to close at the end of the day.
CRM reports earnings next week. This was a pre-earnings run that settled into an unstable sideways trend and then went down due to a lack of strong retail buying. Volume is exceedingly low to the downside. This is not a sell short setup. Buy zone support is too close from the bottom formation. NVDA had a similar pattern and gapped up on its earnings release news.
Bias: Expect early bounce. We are in an area with a lot of support and price action, could just chop around today. Top Watches: Long - VRRM, BYND, SQ, KTOS. Short - BA, INTC, HD, ADBE. Tune in to my stream at 9:30 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this, top...
After a strong 28% gap post earnings on 2nd Feb, META has now given up about half its post-gap gain. However, its longer term bullish picture remains intact if we look at the following factors: 1. Stock is still trading above both its 20 and 200 day moving average (the latter of which is beginning to flatten out, a precursor to turning up) 2. A falling wedge...
Bias: Bearish. Easy room to 405, could break support and see 400. Top Watches: I will update this post with my top four long and short ideas between 9:25 - 9:30 EST. Tune in to my stream at 9:45 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this, top stock watches, and...
• The SPX is bouncing, trading above the 21 ema, and there’s no top signal or reversal structure on it yet; • The next technical resistance is the gap area at 4,218, and as long as the trend remains bullish, we’ll get there; • The trend is bullish because the index is still doing higher highs/lows, and it is above the 21 ema (which is pointing upwards), despite...
• SPX is inside a Descending Channel, as seen in the 1h chart; • Despite the bearish momentum in the 1h chart, the trend is still bullish in the daily chart, as the SPX is still doing higher highs/lows and it is above the 21 ema; • However, if it loses the 21 ema, or does a downwards breakout from this channel, then the bullish bias might reverse in the daily...
I want to set a buy limit in the CME GAP area that was created last January. Here are some of my considerations: • BTC will retest MA50 & MA200 support Which is already the Golden Cross. • At the same time it will close the CME GAP • Cup and Handle Formation will be formed • Also will be Inverse Head & Shoulders • RSI will also make a Hidden Bullish...
AMD had a classic breakup (of both a neckline and its 200 day MA) on 1st Feb and then subsequently did a retest back to near it's breakup level on 10 Feb. The retest brought it close to but did not violate the "neckline" before it began to rebound rather strongly again last night. This served to validate that the neckline has now turned "support". I would go...
FSLY is reporting earnings today AMC (After Market Close). In the last 2 days, it gapped and short up a whopping 36% from 9.87 (last Friday's close) to 13.43 yesterday. Could it be accumulation by those who might already 'know" that earnings could surprise to the upside? However, at current price, whether FSLY continue to run up after earnings or "sell upon...
• The SPX is correcting today, however, it is still above the 4,100, indicating some strength; • If the index drops more, and loses yesterday’s low, we might see a sharper correction. Probably the SPX would lose the 21 ema in this scenario; • For now, it seems the bulls are in control, despite the pullback. As long as the index remains...
• The SPX is trying to do a bullish reaction today, just above the key support level at 4,100; • This reinforces our view that 4,100 is the most important support level for the index, and only if it loses, we would see a sharper correction; • For now, the index maintains its bullish bias, and there’s no technical evidence pointing to a reversal; • In theory, it’ll...
ICT Concepts NWOG: New Week Opening Gap Difference between Friday's Close Price & Sunday's Open Price. C.E.- Consequent Encroachment or "middle point" of any Gap or Inefficiency.
• The SPX did a bullish reaction, just above our key support level at 4,100, which we’ve been monitoring for a few days; • This indicates bullish continuation, and despite the correction this morning, the index still looks bullish; • In the lack of bearish reversal structures, the gap at 4,218 is our next target. So far, there’s no bearish sign on the...
• Yesterday, the SPX corrected just to hit our support at 4,100, and now it is stabilizing in this area; • We have been monitoring the 4,100 for a while, but we clearly stated that this was our support level in my previous analysis (link below this post); • It is still a risky situation, and if the index loses this support it might trigger a sharper correction to...
Bias: Bearish chop Top Watches: Tune in to my Live Stream @ 9:45 EST for my full list of top stock watches Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!