Just an idea with a bullish vibe. We could gap below the channel by Monday and invalidate all of this with a close below. Either way, my view on S&P is long and strong, banks will follow.
Just publishing this for own personal accountability and practice. Looking to enter long calls (March 13/27) 210 and possible 230 leaps if we can get a weekly close above 205.50
Near term bullish for TWTR Looks to be creating a pretty mean coil here and identified a bullish divergence on the RSI. Going to watch these levels and see if we spring out of the top joined with some significant volume. If both are there, I'm seeing a $32 target and then re-evaluate to see if they fill the gap back up to the $38 level.
Like a Russian nesting doll of bearish patterns. If this bearish wedge confirms with a breakdown and a test of the bottom pennant then it’s free fall for VFC
Now I normally don't scout swings that extend this far out and prefer to stick into a 3-5 day range, however, the spur of the VFC split at least grabbed my attention enough to look at the chart and I noticed we were dealing with a double top on the weekly with a downward trend to the ~71-73$ area Not really suggesting a huge plan of action here or get too much...
$DBX looks like it's ending that slow melt up, entering a descending channel - the question that I'm asking and going to be watching over the next few days is will the firing pin be the 50-day ema or the 100 days.
$SNAP is snuggled up to that 200 day ema, if she loses it I don't see any reasonable support other than our whole and half dollar marks (10.50 / 10.00). $SNAP has had a decent run recently so what we're seeing could just be a fair ABC correction. The current setup looks bearish as is and could have possibly broken that wedge at the close of this day, but...
The title says it all. Once we break that neckline I'm seeing some short term price targets at PT 1 - 30.50 PT 2 - ~30.70
I've been burned by AAPL far too many times in the past, but negative bias aside this looks like a convincing setup that checks a few boxes for me. 1. We have a MACD crossover to some positive momentum 2. Consistent demonstrated support on the 50 day ma 3. Some consolidation after breaking out of that descending channel, looks like a good platform before takeoff
$TSLA boy if this isn't a convincing wedge that looks like is about to be catapulted into the stratosphere by some sort of catalyst (ER surprise, faith in Model Y sales, maybe an announcement of new direction as well - who knows. Elon is a crazy mofo) Just watching and waiting for more confirmation and a very... VERY convincing breakout. Otherwise staying away...
Long on $JNUG for the 5th contact point and breakout above 10$ I don't anticipate this thing riding along the bottom line, so a mental stop has been set at $8.50 but this think likes to make some pretty big intra day percentage swings, so a daily or 4hr candle close below would be more convincing of break in trend. PT 1 - $10 PT 2 - $11.55 PT 3 - $13.15
Title says it all. Sorry for my scribbled mess, old setups (many using different time frames) but it's been respecting this channel for some time now, about to make its 5th contact if it cruises to the top and I suspect a continuation to the upside.
Maybe an aggressive outline for time, but that descending channel I think will break AH tonight, maybe a gap up before tomorrow. The gold line may be a bit of a stretch although I watched it play pretty well today on the 5m candles, and anything that is a blatant confirmation bias for my long position is ok for me. Again I have learned evidently absolutely...
tomorrow looks like maybe a slight pullback to support just above $30/30.10 if it holds, some solid upside, otherwise it may continue in that descending channel. Looking for a bounce for an early entry, then sizing in if we can get a convincing breakout. Let's go JD ps. peep the golden cross that's imminent on the daily candle. Loooooong
bout to be dand-rough for bears because this baby got a mean inverse H&S with some other solid indicators going in it's favor. RSI still has a little room to run, yesterday the 200 day ma was regained and today it held strong. The trend is steady climbing, once we break that neckline there is some serious growth potential.
not quite convinced NKE is out of this downtrend (near-term) quite yet. Forming a bearish wedge/channel on 4hr and 1 hr sitting directly under the 50 day ma on the 4hr and directly under the 200 day ma on the 1hr which both seem to be acting as resistance. If NKE can close the first hour tomorrow above the 200 day I may be more convinced a new trend is setting,...
Triangle pattern completing on 30m candles set stops pretty tight around 165.00 and stay frosty.
and $SPY in descending channel looking for a breakout. I wonder how this story will play out