Sell your CMG, risk against higher high on weeklyCMG: we still in downtrend on weekly. 3 part bull div on daily is probably related to weekly trying to make a higher high (it hasnt yet). This could be a sell opportunity with stop if we break higher high. The target would be the gap fill and weekly volume profile node. Because its a short, on a daily-weekly timescale, and the r:r isnt great, this is not a perfect trade.
Gapfill
RENN Chart Discrepancy Large gap to fill to $6. Lots of people shorted based of this charts price action finviz.com but as I look further I find this is inaccurate. If this breaks $3.20 again it has no previous resistance till $6 and the RSI is very oversold sellers look to be exhausted.
RENN Descending Channel RNN is very oversold on the monthly and daily charts. It is trading in a decending channel and if price respects the channel it should test $6. It has a large gap to fill from $3.20 to $6. RENN is trading at 1/10 it recent $10billion valuation per Softbank. finance.yahoo.com
RENN Drops 75% After $9.19 Dividend Huge gap to play here with no previous resistance till $6 per share.
S&P 500: Chance of a Hyper Bull MarketQuote: Investors just pumped the most money ever into stock funds for a single week; U.S. stock-focused funds took in $38.3 billion in fresh cash over the past week, a new record, according to "Bank of America Merrill Lynch".
Source: CNBC www.cnbc.com
Quote: Widely-followed JP Morgan analyst says new market highs are coming soon. J.P. Morgan's Marko Kolanovic says the bearish narratives of inflation and trade wars will be proven wrong. "The flow aspect of the sell-off had a striking similarity with the August 2015 sell-off: realized volatility caused derisking from volatility targeting strategies and forced covering of short volatility positions," he wrote. "Unless there is a recession, all of these flows tend to reverse within 1-2 months." He is regarded as an expert in volatility and derivatives.
Source: CNBC www.cnbc.com
Long condition: The "S&P 500" closes Friday above 2751. Entry on Monday.
Entry: 2755
Stop loss: 2729
Target: 3012
Risk/Reward: 10
APRN Swing Gap play in affect, looking to buy at support. Bounced off RSI trend line and MACD corresponds with the potential move upwards.
TSLA might pull back to 327. But hopefully it bounces higher Now that it broke below the apex of the triangle, and uptrend line, which it did break last time in August too, and there is a chance that it might bounce back higher from here. But if the price continues to fall, the supports would be 336.32 yearly R2 pivot and then ultimate support would be the 327 Ref double top high from May and the small gap fill from august
History repeats.. Or something like that right?Back tested all gap fills from November 2016 that were below $5 (chart was too distorted if I used the gap fills in the $15's. Target is anywhere from $2-$5 by end of year.