Nasdaq left a hanging man candlestick on the daily chart which is bearish and forms at the end of an uptrend. Will look for a short entry tomorrow.
A speculative short at 200% fib and long term resistance line
don't start the party, yet $QLD $QID $TQQQ $SQQQ
$NAS100 short into narrowing wedge. target rising support line colluding with 50DEMA
DPZ seems ready to break down. Cheers!
CAT has just completed a rising wedge pattern last week and now awaiting breakout. Cheers!
NFLX just broke out of its recent downtrend. Good Luck!
KMI is about to retrace to 17.3 Good Luck!
CELG broke support level and is headed to 105. Cheers!
CVX has a rising wedge that targets 104.2 Good Luck!
BAC is about to retrace to 18.2. Sell on Breakout. Good Luck!
Daily head and shoulders formed - missed short at 4810 (right shoulder 61.8% retracement) |Missed Short: 4810 |Stop (Over Head): 4917 |Target: 4400 | Looking to take a short entry on an hourly pullback next week. TECHNICAL: - Head and Shoulders (right shoulder entry missed) - Flat Neckline - Expecting sell off to test neckline at 4650 - 20MA crossed under...
FB broke out of a rising wedge and targeting 110. Cheers!
Bearish Harmonic pattern, decreasing MA's, lower highs/lows, oil optimism, close below long term .381 retracement ( no support from .5), am i forgetting anything? Be careful friends.
Stochastic is beginning to look bearish as well.
The gap up and lack of follow through on the close has a pretty good track record recently of signaling further short-term (day to 2) downside. While NDX spent most of the day in strong price territory, when the big boys came out to play late in the day price couldn't hold. 4 recent pump and fades have resulted in lower immediate pricing.