Rallies fades into inauguration day week
We highlighted the smallcap index 3x Bull ETF around $74. Now it's at $79 and looks set to breakout over $82 on its way to $86. Got shares?
Seeing short-term bullish divergence in this falling wedge. Not a bottom marker, only short-term slowing of downside pressure.
Watching these levels closely
If it can break above 43 we might get a run up to 52 or so.
Two very strong resistance cues: (1) you have the former support turned resistance line (2) you do not have a lot of room for price to advance if it does poke through the resistance line Here is what I am looking for: (a) price to breach resistance line to the upside (b) price to pop aggressively above the upper daily bollinger band (c) harvesting of the late...
I just took profits on my longs on Friday expecting a pullback to the lows or even better a drop below the bottom edge to grab liquidity. I want to see declining volume on the lows to ensure there is no more supply before the rally begins either in mid month or in time for the santa clause rally. Price will probably compress at the bottom during the quiet...