4mm4

4mm4

statistically, most gaps get filled. Right now, CMG has only partially filled the gap. At the moment, we have some overhead resistance from the 200 EMA. Also the stochastics and RSI are looking a little bearish, but they can get imbedded at overbought levels for some time, which occurs in an extended run up. So........ is CMG going up, down, or nowhere?...

4mm4

Potential downside as people look to take profits and lock in gains. We are right under resistance of April highs (1.6300) and a fib level that lines up perfectly with that April high. We have also had a sharp move up that has brought us to the top of the upward channel. The stochastics are overbought and the RSI is looking to roll over and come back down. The...

4mm4

look to go long DXY. bouncing off a fib level, stochastics are turning up, and the RSI is looking to move above 30 again. First target is at around 80.70

4mm4

resistance from recent highs and fib level. Stochastics are overbought

4mm4

Look for a pull back off of the 0.618 fib level and the upper trend line. Also look for a test of the 0.764 fib level and the blue trend line.

4mm4

Look for resistance at 25.75 and then again at 28.00. Support is at the low (17.55) and at the green area (16.20 - 14.00) based on fib levels. Stochastics are also getting overbought. Look for FB to reach the green area and maybe bounce off of the lower trend line

4mm4

AAPL may hit $800 by the end of the year. The 1.618 fib level off of the last measured move is just over $800 and we have strong trend line support beneath us. Look for AAPL to trend slightly higher with the market and then look for a small push down to test the most reacent highs as the market slows/stalls. Also, we might see some imbedded stochastics come...

4mm4

Stochastics, Fibonacci levels, trends, and support and resistance point to a small, short term correction that could put the S&P back below 1400. We might see a few more up days as a few more investors try to chase what's left of this extended up trend, but soon thereafter look for a change in the direction of the market. We have yet to see a real pull-back...