Cause i've been losing mulahz ever since I started shorting this mafia joint. I mean LOOK! why wouldnt you short it on 2hr chart. feck!!! It's frustrating lol
Microsoft is a strong company. However, as of now the stock's been overbought. Pushing closer to record high, i never thought MSFT would go this far. It just seems... too good to be true. Target is 110 though 105 is ideal.. Volume MA is trending down currently. If you think otherwise, please leave a comment and let me know what you think.
Oversold as of now. Moderate 273 is target.
Feck. I was shorting this. I'd say tho.. 70% chance going up and 30% downtrend. Downtrend is still valid given that lately there's fear in the market. Target is 625.
SPY testing at 280, unsure if it can break or not. Just like everyone is speculating, if the deal with China gets done then we'll most likely break 280. If it doesnt get resolved, one of two things: keep testing at 280 for a long period of time or starting downtrend to 260 level; if not a massive correction. Death cross coming up in 1 hr chart if downtrend does...
If SPY does not break the resistance and start heading down, I would expect price crossover with 75 moving average. That'll be the confirmation to sell and we'll know that SPY will be trending downward. So far, volume has been weak as indicated using momentum indicators in VMA. MACD is shows weak trend with bearish momentum. DMI is peaking weak bearish...
Like if you agree. Comment if you think otherwise; I'd appreciate thoughts and comments.
I've been reading a lot of other people's idea to gauge TradingView trader's market sentiment. Handful of people are expecting bearish movement in upcoming weeks, others in upcoming months. Some say that another crash is imminent while others state correction. For me, I think we'll most likely break 280. I'm thinking something more conservative, like a strong dip...
Most likely will break 108.20 level and lead up to potential 110.
Upcoming week bullish... Hope im wrong.