NAS major bull on divergences in play, 15%-30% run, or even ATH
ZIG-ZAG ABC from ATH possibly ending at current levels in a downtrend channel
several major bull divergencies on larger timeframes
2008 super bull support zone
Divergencies
More consolidation for BTCBTC should consolidate more before another push higher. There are negative divergencies on MACD and RSI.
USOIL Bullish Momentum USOIL bears are burning out...this can be noted by looking at at the bullish divergence on the daily time-frame
Early 2016 has good strong signs of a bullish market in U.S Oil
However we must realized that the overall trend is bearish and that eventually the bulls will be coming back to continue the death of U.S Oil. The time the bulls will come back can be seen by the red arrow going down on the chart. This signals the completion of an ABC correction pattern.
Make sure to take profit or move stop losses
At the end of the day you want money in your pocket and not a bunch of unrealized gains. Trade wisely.
NFLX head&shouldersHigh-beta names feels a bit heavy at this point after a big run since mid of May. In Netflix, after it borke up bear chanel, it had a nice and clear move following the 8-day EMA from $350 to $475. It failed to hold above previous high $458. Right Shoulder was re-test of this resistance that is still in tact. Entry Short on break of neckline around $433-$434 could give us high-probability trade. For trader with different risk parametres you can use earlier entries with tighter stops. This time I don't have well-defined target, reasonable level is $417.20 base support. I will measure and update.
