Worked out well... but now the game is up.
Might be a good setup forming here, but patience is needed.
Looking sort of weak to me... bearish candles, rejection of the de mark levels, moving averages keeping it pinned down... back to support at 75?
Quite the candle formation there...
Banks in general actually... seems like their trying to put in long-term trend changes here.
Oil still in a down trend here... has to break the blue down trend line for hopes of a rally. Seasonality helping it stay down.
Generally markets are feeling fairly good going into next week and the weekly game plan is centered around buying some pullbacks in the banks and avoiding long positions in resources and precious metals.
Bear flag setup? Weaker USD driven by stimulus.
Looking like it's setting up for another leg higher.
50 week trend line support broken... back to the 200 week TL?
Long-term trader's entry point into this stock is looking pretty solid.
Inverse head and shoulders could come into play if the neckline is broken.
Overall markets are feeling a little ‘in the middle of nowhere’ at this stage and thus our weekly game plan is to mostly be patient and wait for better setups. We look at some of the major U.S. indices and note that there are no really good setups to be h
The idea last week did not work out... As it stands now, there is no setup for me here.
Needs to hold above that trend line. My bias is long here.
Our hesitation here last week here was the right call. Looking for confirmation of a long trade here now.
We hesitated about this one last week because it had technically made a new low... the breakout came in the end though.