Monster3091

Monster3091

Bearish Signs marked w arrow, feel free to add your ideas as well.

Monster3091

Just an overview of the bigger time frame.

Monster3091

What a joke.... pshh

Monster3091

current price sitting on support at a down trend channel and showing weak bearish signs on 15 min MACD which means we might bounce and drop or bounce and continue the trend up and that's less likely.

Monster3091

possible head and shoulders pattern will be formed if we don't breakout

Monster3091

Well, I was bored so I just made this!

Monster3091

GME announced they will do earnings on the 9th and the stock dropped on the 10th MACD showing buyers are losing interest and increased selloff since the 10th RSI indicates weakness and is at the top of the channel Linear Regression indicates price is at the top of an ascending channel With my analysis am going short, best of luck.

Monster3091

I think we might head to 400s before the big dip. Not holding positions overnight anymore. Best of luck.

Monster3091

bearish divergence on monthly time frame, scary thought but I just want to put it out there.

Monster3091

15 min chart showing bearish signs

Monster3091 Updated 

I believe we are going to 372 tomorrow but I can't tell you if we are coming back up easily. 10 YR US Bonds aren't looking so great and neither is the VIX. We can see bear divergence as well as MACD crossing and this is the 5 year chart. Think about it as limited time sale on stocks!!! Happy Trading!

Monster3091 Updated 

I guess spy isn't learning the lesson and continuing up, am going to hold into my cash for a week or maybe a month then buy on the big dip

Monster3091

The chart is pretty self explanatory, enjoy the ride.

Monster3091

used 4 indicators to confirm trend direction. I will let the chart speak for itself. Monday will be interesting. This is an idea and not a financial advice.

Monster3091

watching closely if support holds

Monster3091

The support and resistance suggest Bullish move, also the MA 200 on the 5 days and one days suggest we will have a gap up on Tuesday. And the closing volume from last week looked healthy. Thoughts and comments are welcomed :)

Monster3091

96% owned by institutions, and being pumped.. Going long on calls (this is not a financial advice) Brought Calls at $35 next month expiration .

Monster3091

Looks like FLAG to me ;)