Check out this buy zone I set up back in July, we bounced off the June 17th bottom, and just accelerated through the demand zone, but right before that is a supply zone (not pictured), also look at the volume difference from June to now. This push to the upside is weak, liquidity is draining out of the market, as soon as bad news comes, and it will, there will be...
From what I’m i’m able to see we are in a falling wedge which hypothetically we could see a bounce off the Fibonacci level and go up from here, however I think there’s an overall Barris sentiment in the economy and I think will break out of this wedge and fall down further. The next buying zone is charted out. In the short term I might expect some bouncing around...
We might not have enough data to support a new trend line, but we have overall weakness in the economy. I think CPI is going to be about the same or slight beat, best case scenario.
I think the SPY will bounce off the fib come down to this $398/399 level, and either rug bull or begin a new bullish trend. I think we are looking at a bearish trend until $377 where...
REV has been holding up, but it has been on downward trajectory. Once it breaks this 6.50 level it's likely to flush, yesterday I bought a put at $8 because of the weakness it shows at $8.50. I don't see this as consolidation.
This is my first share, so take it with a grain of salt.
