if this closes above the blue pivot today, I would say it is a confirmed break out and will buy some short-term calls RSI/MFI looks ready for breakout too.
BBBY reversed to strong side. I bought a small (OTM) 2020 call leap position. I will add if this thing drops to $13-14 though. I would say right now it has 33% chance to make a trend reversal, 33% chance to stay inside $15-20 range for a extended time (a year or longer) to make bottom, and 33% chance to dip on $13 before doing anything else.
On edge of breaking above downtrend pivot. MFi strong. Bought some shares today.
All right, KBH broke 200 MA, which is kind of expected. If this closes on or above 200 MA, I will add 1/3 on my current leap call position.
Last week IRBT has went through a parabolic move.It still looks quite strong here in short term. I am holding all my Nov calls still, and would expect a 88.04 gap fill (blue line) now, considering how strong it is. Nonetheless in micro-term we may see shorters step in. If this thing pulls back, I may consider add more, depend on how the chart looks...
Update: SPX short-term bearish divergence neutralized
The 1hr, 2hr , and 4hr MFI/RSI divergence is crazy high, and you can see this divergence all among DJI, SPX 1.19% and IXIC. Plus, the dip and jump back up is quite fishy. If the market close as-is (2723) or lower, I would expect spx 1.19% drop to 2650, nasdaq drop to 7060 in a week or (at maximum) two. If the RSI/MFI divergence disappears, then I am wrong and will...
The 1hr,2hr, and 4hr MFI/RSI divergence is crazy high, and you can see this divergence all among DJI, SPX and IXIC. Plus, the dip and jump back up is quite fishy. If the market close as-is (2723) or lower, I would expect spx drop to 2650, nasdaq drop to 7060 in a week or (at maximum) two. If the RSI/MFI divergence disappears, then I am wrong and will exit my put...
MFI pulling back while price stays flat. Seems like what we had on May-June 2017. Also, the SPX probably also need a small pull back before going higher.