markbrsz

markbrsz

Several confluence factors pointing to a continuation higher

markbrsz

Found a nice supply zone on the 60 minute chart, looks like we gapped down over the weekend and had a nice quick move out of this area showing a big supply imbalance in the 183.983-186.360 level. Looking to take the first re-test into the level for a flush back down into the 181's. Nice risk/reward on the set-up, stay tuned

markbrsz

Found a nice supply level on the 240 chart, looking to enter around 1.55907 with target flush into 1.55000, found entry on 60 chart...stay tuned

markbrsz

$SPY inching towards a supply zone that has shown a big imbalance at the $206.50-$206.86 levels. Has been tested before so the level isn't fresh but the last retest was rejected with a gap down showing institutional interest to sell. Working on locating my S/D zones with more accuracy, looking to short into the supply zone, entry around the $206.66, stops just...

markbrsz

$EBAY held under $57,50 resistance for several months until a fake breakout came in February 2014(zoom out far enough you'll see that price revisited the high set back in late 2004 at $59,21) and has been unable to make higher highs since. The week of October 13th painted a new low on the chart and was the first lower low since December 2012. We saw a 4 week...

markbrsz

$BBRY seems to have set a low back in December 9th, 2013 and has been making higher lows and higher highs since. Last week we had a big shooting star candlestick with this weeks price action closed under the previous low, which means we may have a flush next week or so. I'm watching for a retest of trendline support in the mid $9's and a possible continuation back...

markbrsz

$XLF saw a nice breakout in the afternoon on Wednesday Sept 17 and hit a high of $23.86 in the days since. It is now consolidating into a nice bull flag on the hourly chart, sitting in a channel between $23.86 and $23.82. Long biased once I see an hourly candle close above $23.86 on higher than average volume

markbrsz

My thinking here is that $YHOO has seen almost 19% gain since the breakout on Aug 16th. Monday gave a nice exhaustion candle and Tuesday's candle showed indecision and also a potential no demand, which was confirmed by Wednesday's shooting star (failed to close above Tuesdays close). Thursdays engulfing candle on massive volume adds further to the case,and on top...