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Islandtopreversal

could earnings disappoint tommorow?technically the bull move in this stock has left much to be desired in terms of sustainability and stability. huge moves like this have been historically quite bearish for the stock. my estimate is that the price needs major support from a catalyst like earnings or a special response from investors while even a lackluster earnings beat could disappoint bulls. if longs want to hold this price above the $2 range they need to form a continuation pattern immediately or develop sustaining momentum to keep this move up alive. im anticipating much decline in absence of this.
NASDAQ:CDIOShort
by cerealpatterns
6
SPX in EW 2 of Impulsive Shark DT after Island Top ReversalUp TL broken; DT in progress, Bear Rally = EW 2; Chart details suffice IMO; Shark Nenstar is in play, Tar 2498-2530; Res Ipse Loquitur! EW Projections are Estimates based on most common occurring Fibos; This is NOT investment advice; trade at your own risk; GLTA!! Ref: JJ Murphy, Fig 4.10A, p. 72 (TL Rejection) and EW Chapter Theory: cdn.preterhuman.net Ref: EW Leg common Fibos, ref chart: "Characteristics of Waves": www.metatrader5.com
TVC:SPXShort
by DaddySawbucks
74
Changing trendSPY opened up euphorically, up 2.9% at it's high for the day. Strong 2 way trade ensued as expected (noted yesterday). Index closed up 1.3%, but much lower than the open. Thursday's strong down trend day was followed by sell into strength of Friday. Rips were sold, dips were grudgingly bought. SPY was down as much as 0.6% before buyers closed up the index for the day. For the week, SPY lost 5%. Almost an outside week. 300 held like a champ, through 2 tests. 4 day island top is big resistance. RSI is at 51.97%. When below 50% I expect deeper sell-off. Quad witching is coming Friday. Last quad witching was on Mar 15, a strong down week, Indicator divergence is notable on the chart.
AMEX:SPYShort
by insyyte
8