This gap has some similarities to the last time that it had a breakaway gap below the 100 DSMA. I have to imagine that open gap down at 145 is in play.
Based on a volume profile from the pre covid high, SPY has held this volume shelf. A move through to the next shelf seems likely.
Keep this one on your watch lists for a setup. Strong downtrend break on a Power Earnings Gap.
Is this a longer term (weekly) inverted head and shoulders forming on SPY? Time will tell
If $TSLA doesn't start bouncing soon, there are some massive volume gaps that can fill up quickly. Reminds me of $AMD...
CGC coming off a big weekly double bottom. Increasing volume and looks like a nice wave 1,2,3 here is a fid extension for targets. I know I know, its a weed stock. But $CGC looks like a long.
DXY has broken the uptrend, strong fib target reached. Likely retrace into the 1.618 extension "green box" likely good for stocks.
If we gap into the red zones its a sell, green its a buy. Other is probably chop. Generally TSLA doesn't gap much on earnings and while there is always a chance it gaps large. Selling something like an Iron Fly is probably the way to go.
Boy do we ever need the 2 year to chill for a bit. MAYBE this is a signal that we are in for a little bit of a rest. US02Y
While the close on Friday was a crescendo of selling and we took out that bull candle the next day. RSI is giving divergence signals and with the new quarter. An undercut and rally could provide a much need rally for the bulls.
The 10 yr has definitely sniffed out the potential fed pivot. Wave analysis has been spot on. Update to prior idea.
MDT right at the monthly 100 sma. Looks like a double bottom and also has some bullish divergence. Looking to play this with a bullish to neutral strategy using options.
I like this possible inverted H and S. Nice retest and bounce of the RTG a few days ago.
Wave 5 completion on the 10 year? Time for a little bit of a rest?
Larger double bottom possibly. Consolidation, increase volume on a bearish gap up. We will see she breaks out.
Short term bottom coming in? Or an oversold bounce and rollover? Only time will tell.
Possible inverted H and S on ZM. Above all short term MAs and lets see if we close above the 100 sma today.