IWN on the reliable daily chart has been trending down for two in a descending channel as shown on the chart with upper and lower trendlines drawn with the tool. The Stochastic RSI oscillates in the interval between oversold and over bought and presently is well overbought at nearly 100. While the RSI may double top like it did in July, it is at least...
Everything is in the chart.. classic bull flag setup on $ulta. Financials are great, EPS is solid, basically recession-proof at the moment. CALLS idea - wait til retest of 410-420 and grab $500 calls 2 months out. PUTS idea - wait til top of channel is hit then grab 430 puts 1 month out. This is not financial advice, just for fun!
SPY on the weekly chart is obviously in a long downtrend. Using the up trend from the Covid Crash to all-time highs the first week of January and then a retracement, price is presently between the 0.382 and 0.5 Fibonacci levels for the past two weeks with big range downward momentum candles seen. The Mass Index is in mid-range while on the MACD indicator the...
IWN as shown on the weekly chart has been obviously in a downtrend as also shown by the EMA ribbon. Using the uptrend from the Covid crash into November 2021 and then a retracement from that, IWN is approchaing the 38.2 Fibonacci level at 128 From there it could bounce up or continue the downtrend. The Mass Index being below 27 suggests a continuation before...
IWN This Russell ETF is consistently uptrending above the cloud indicator. Uptrend is validated by relative volume increasing. Target is the long term volume profile POC about 5% upside. Good for stock or option play. See also QRU22 futures chart.
$165 calls for 8-20. Price Target $170. Looking good for a MACD cross above the 200 MA and parabolic sar showing
If the Russell 2000 Value index closed the year today 7/10/20, the index would print the worst annual performance relative to the Russell 2000 Growth Index in over 20 years.
Value is outperforming as of late - but which major index / cap size should hold the most weight? I'd argue the Russell 2000 Small Caps.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Looks like its ready for a mini bounce then back to completing the correction. Gann and fib line u pretty well.
Russel done making it's correction with a EW triple combination. Finding support at the middle of trend channel. More important...Closing within bollinger band.... I see a move up here. Safe trading Ladies and Gents! BM Music at work: open.spotify.com www.youtube.com