Looking to be holding true to my last post, expecting to continue downward mainly for the last hour. But we will see.
Looking like we might see this double top drop us to the bottom of this trend IMO
Double bottom or follow this trend to the bottom? Could see a big bounce here or if we can’t break above this trend and fib line we may fall towards the bottom of this ascending trend line
Hoping for good news come 3:30 to set off a nice bullish bounce
Redid my trend lines, flowing towards the bottom but potential here for a strong double bottom. Made a couple decent moves on some PUT options and called it a day.
Here’s my prediction over the next couple days, I have faith in my trend lines as they usually play out pretty well, of course in todays market anything can happen.
Showing some possible levels to test out using the fib extension tool
If we break this Greg trend line we could breakout to 407- 408 over the next couple days
Interesting point here where we have a nice bullish bounce off a fib line, and now may create a double top. Wonder which one is stronger. Market is real choppy today.
Looking like we could be forming a double bottom here, if not we will most likely breakout of this trend on the low side imo
Just sharing the analysis I’m currently following using trend lines, and Fibonacci levels in combination to make decisions for options trades
Spy could be about to make a bearish drop off this fib line towards the bottom of this trend line, if we break through the lower trend line were most likely going to fall into the 370’s
Played my trend line pretty well today, looking for a breakout of light blue into the top of the darker blue
As you can see here we have a perfect double bottom on the 15 minute chart where it began to quickly rise until close. I’m betting on a higher open tomorrow or for there to be some slight bullish movement to start the day at least.
Might be time to play the top half of this ascending trend line, this is short term. I don’t make long term analysis.
Potential double bottom formed on Friday, could see a nice bounce at open tomorrow. I day trade options so I’m not thinking long term, but hoping for another bullish bounce.
Good resistance at the bottom of this trend line, could see a bounce toward the top imo
Spy currently in the “ golden zone “ in the fib retracement of the latest bullish run, today the feds mentioned the possibility of a rate hike above 4% so I’m expecting and secretly hoping we atleaaaast head to the bottom of the gold, perhaps attempt to break below 390$ today or tomorrow