NFLX (Netflix) is developing a potential Head & Shoulders price pattern, on the daily chart. Neckline Support in red is approximately $405 to $408 range. Downside breakdown target would be -13%, or approximately $355 range. If the H&S fails, NFLX would need to breakout above $444 and $459 to continue the uptrend.
XAG/USD (Silver) is testing a potential Head & Shoulders price pattern, on the daily chart. Neckline support in red would be 17.36 to 17.60 price range. Downside breakdown target would be -7%, or 16.39 price range. If the H&S fails, price would need to breakout above 18.17 and 18.36 to continue the uptrend.
FVRR (Fiverr) is developing a potential Head & Shoulders price pattern, on the daily chart. Neckline Support in red is approximately 60.27. Downside breakdown target would be -14.6%, or 51.48. If the H&S fails, FVRR price would need to breakout above 66.39, 70.47, and 73.57 to continue the uptrend.
AMC (AMC Entertainment Holdings) is currently testing support and has been in a daily uptrend. If support holds, a higher-high price level could be targeted in the 6.50 to 7.00 range. If support fails, a lower-low price level could be targeted in the 5.00 to 4.50 range. Resistance levels: 6.29, 6.50, 6.83, 7.00, 7.35. Support levels: 5.40, 5.00, 4.50, 4.00, 3.83.
AMC (AMC Entertainment Holdings) is currently testing support and has been in a daily uptrend. If support holds, a higher-high price level could be targeted in the 6.50 to 7.00 range. If support fails, a lower-low price level could be targeted in the 5.00 to 4.50 range. Resistance levels: 6.29, 6.50, 6.83, 7.00, 7.35. Support levels: 5.40, 5.00, 4.50, 4.00, 3.83.
JETS ETF has gapped down and fallen below its upward trendline. Price action is seeking a higher-low level to establish support. Once the support level has been established, price could then reverse to seek out a lower-high level and establish resistance. Resistance 3 area: 21.28 to 22.04 Resistance 2 area: 19.14 to 20.15 Resistance 1 area: 17.11 to...
$USO ETF (OIL) price action has set a temporary Support level in the 25.83 to 25.97 range. A test of Resistance above in the 27.21 to 28 range is possible. USO has been in an uptrend for the past month. Resistances: 26.82 and 27.21 and 28. Supports: 25.96 and 25.83 and 25.
The $DJI (Dow Jones Index) has set a temporary double-bottom Support level at 25089.30. DJI has been in a daily uptrend for the past two months, and is seeking to test Resistance levels above the current price. However, bearish fundamental news over the weekend could cause the DJI to instead fall and test Support levels below. Resistances: 25951.30 and 26300.20...
BTC /USD ( Bitcoin /USD) has been in a daily uptrend, making a series of higher-highs and higher-lows in price. A potential breakout play is forming, and the price could rise to $10,000 and $10,500 and $11,000 psychological levels (large volume is needed). Beware of the fakeout pullback down to support first at $9500 to $9000 psychological levels. Support...
The SPX (S&P 500 index) has been in a uptrend, making a series of higher-highs and higher-lows in price. A potential pullback play is forming, and the price could fall to the horizontal support levels or support trendline. Support levels: 3162.39 and 3131.83 and 3024.60. Resistance levels: 3234.47 and 3263.00 and...