LUV and Attendants love the Settlement LONGLUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 %
into a bear flag and support followed by a narrow range consolidation and a volatility
squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks
and open seating. The NR7 indicator on watch was firing continuously. I am taking a long trade
here and now with adds at any dips found moving foward. It is hard to pass by an 18% sale.
This will be profitable and will subsidize travel on LUV.
Nr7
Narrow range daySPY closed up 0.7% yesterday.
With most of the gains from gap open.
Yesterday was a narrow range day (NR7).
Such days are compression days and energy release can be quiet explosive in either direction.
ES futes are down about 13 handles and suggesting SPY open down about 0.4%.
Support is at 320.50.
NR7 narrow range daySPY traced out a NR7 day yesterday and closed down 0.33%.
Lack of institutions participation meant a trendless day as locals took charge.
Advance-Decline line has made a new high.
Index usually follows the ADL trend.
Expecting higher prices in the weeks ahead.
ES futes are green as of now and SPY s open will be marginally green.
NR7 has compressed the markets further.
Explosive moves in near future happen after such events.
NR4+NR7 AUDNZDWe're seeing that the last candlestick is sqeeuzing is the smallest of the last 3 and 4, that means we have a reverse
take your stoploss under the the last candlestick
Because we're seeing a fundamental news on NZD in an hour, i am negative to that.
Share your opinion and like thanks
Good luck
long - hogI think hog could slingshot back here earnings beat posted nr7 on expanding lower bb at support level previous gaps heighten my interest as it gapped up making new 52 week highs testing historical monthly resistance before the 50ma gap break down before earnings. swing points don't look messy we could make new highs again above $64 with buy signal on oversold stochastic and only $1-2 max draw-down
PolyOne - Long - Swing Trade
Picked this up from the weekly scan ended the week with a NR3 and NR7 combo.
The weekly bar also ended with a hammer-like shape with a slight upper shadow.
The Fib on the Weekly shows the next resistance level at ~$30
Break-out Signal on -2w bar
Prices closed just above fast EMA on the weekly, with the slow EMA hovering around $29 (a bit lower than I would have hoped.)
Overall volume in 2016 has been higher than Q4-15, while prices appear to establishing a 'base' between $23 and $26 during 16'
Bull Flag on the Daily Chart with a NR7 + hammer-like bar on the last day, with support from the rising EMA that has just crossed-over late last week
Volume had been contracting throughout the week, until Friday
However, the Daily NR3+7 combo painted earlier this week did NOT immediately yielded anything!
Long entry above the bull flag pole with Target set just under $30