Similarly to ACB, WEED breaking out of a consolidation.
ETH is coiling in a very tight range. But if it gets below $660, then it could fall to $400 level.
WLL seems to be breaking higher today! If above 30 very constructive for further strength.
TLT treasury bonds are at a huge support, potentially forming a massive top... A break below the neckline would possibly have huge bearish implications.
Lately we've been seeing out performance vs SPX in tech XLK, financials XLF and consumer discretionary XLY. I think we have no reason not to expect strength in XBI biotech to pick up some steam in the weeks to come.
Markets seldom bottom on Fridays. Here is just one example comparison from Fri, Feb the 2nd, with a hammer candle. This does not mean the price can't bottom around these levels, but it's far from a clear cut to play this from the long side right now...
Can we see Nasdaq closing the week at a record high and S&P 500 breaking through the falling trendline and horizontal resistance? If not today, I'd be expecting this early next week. Hope we don't see a big red candle today as this would negate the view.
USDCAD is finding very good resistance up here. Below 1.2850 could start accelerating lower.
If the price does not COMPLETELY reverse today and close ABOVE 9.5k, there is a good chance that we see ~3k soon!
Below a triangle trendline there is a risk that all longs will be shook out...
EUA CO2 consolidating in a very tight manner, expecting prices to resolve higher.
As mentioned in the previous post (below): don't underestimate a double top risk.
Silver is reclaiming very important resistance and once again bouncing from a LT rising trendline. It could very soon be the time for a major rally, but a good entry opportunity offering now. Tho waiting for a confirmation with price break above ~17.70.
AAOI is at a crucial support and retraced more than 70% from the peak. Risky, but potentially good risk reward play.
Bitcoing is creating a rising wedge and approaching a crucial resistance just below 12k level. Keep in mind that rising wedges can resolve higher, but do not underestimate of a double top risk. Therefore trade accordingly.
Ripple is picking some momentum not only against USD or EUR, but BTC too. If XRPBTC above 0.000087 could start seeing higher highs..