SPY has popped out of the rising wedge to the downside - however volume is on the low end. Watching for the following scenarios: 1. A breakdown towards the 50SMA at 442.15. In this situation SPY likely following similar sequences as NASDAQ:TSLA , NASDAQ:MSFT , NASDAQ:AAPL and others who did not find support at the 50SMA and continued lower until the 8ema...
Rounding bottom here on monthly If we can get a couple closes over $85 we should make our next leg up into 100 area, base there, then go for 120, base there and then go for 150. This is now in an 80/100/120 pattern where we Hit 80 pullback hit 100 pullback hit 120
SNOW here consolidating in a pennant for over a year Breakout trigger is over 194. Set alert for 194, if we get a couple of closes above that there is a breakout here to 205 then 240. This works both ways, as technically the trend going into the pennant was a downtrend, so by definition it is technically a bear pennant. However the breakout or breakdown depends...
GME on Monthly is squeezing for over a year now - Breakout trigger here is $22. If we manage a monthly close above that - it can start a massive rally on this one back to $44-47 Nothing to do for now as the pattern is not yet active - I set an alert for $22 price cross and will wait until then.
BIDU has been setting up an inverse head & shoulders on the monthly chart for the past 18 months. If this can clear 157-160 resistance area , the IHS will fire and this will trigger a long into 186.22, 218.41, 250.60. Then there is a prior large sell block at 273 which must be taken out for a run to 350+. This setup is ONLY valid on a break of 157-160 area ....
SPY is building a rising wedge on the weekly chart. On the daily chart it has a falling wedge within, which indicates a short term bounce may be coming to fill the gap above at 455-456 and test the recent high at 459. AAII survey continues to maintain high levels of bullish sentiment despite the past 2 weeks of selling. However, I want to point out that the...
Although market pulling back, GOOGL has been holding this bull pennant, looking for this to breakout in either direction for the next $10 move. 127 LIS If 127 is lost we can retest 116-120 If 131 is taken out we can head to 137-140
The SPX is persistently displaying a strong bullish trend in the current wave. However, it has started to show initial signs of weakness and facing major resistance. There are bearish divergences on daily and volume is not increasing on the rally days. Key Levels: 4582 will be the key level for the week. Bullish Trajectory: If bulls hold above 4582 it can run to...
Aside from running together with NYSE:BABA which is on the verge of a large breakout shared in a prior idea, JD here is breaking out from this multi-month wedge with multiple gaps above. If above $42 there is room for a run towards gap fills 44.82 and 51.71 with the red line above being major resistance.