After a massive gap down, INTC closed at the 200D SMA. RSI is at its lowest level and while net volume was negative, it began to rebound. Looking for a short term bounce off the 200D
XSP on the 4H, price action reacted off the 9SMA and support trend line with the MACD getting a confirming positive cross over by EOD. Along with news that a budget deal was reached, the SP is poised to punch through a resistance area that showed rejections the over the past two weeks.
For the first time in over a week JPM, D chart has closed above the 9SMA, but this comes at the cost of being in range of the three previous swing highs. With the 1H showing a negative cross at the end of the day and the 4H hitting the 9 count, JPM's recovery run may be coming to an end for now. NYSE:JPM
Last week GOOG 4H looked to set up a descending wedge pattern. With price playing out through today, could it be developing a descending channel instead. MACD flipped to positive to begin the day, but the 1H and D charts show room to the down side. NASDAQ:GOOG
Descending wedge pattern on GOOG 4H chart w/ MACD beginning upward roll, RSI in mid 30s with positive angle. Looking for short term break up and end-of-week put credit score NASDAQ:GOOG
Descending triangle on TSLA 4H forming. MACD on D rolled over to negative w/ declining RSI. looking for quick end-of-week call credit. NASDAQ:TSLA
Price has broken a long term negative trend line on both the 4h and 1D as well as holding firm above the 200sma. Recent price is pretty parabolic in a ~60 degree up channel. MACD and RSI holding steady but seem to be losing steam. If opening bell shows positive movement (breaking previous resistance) AMEX:XLP , expect a short term uptrend before challenging...
AMEX:DIA DIA has broken a long term negative trend line. 4h chart holding negative MACD, with 1D MACD looking to roll over to the negative side. Price hanging steady in the mid 330 range for the past week turning the 9sma flat and surfing the .618 Fib line. Continuing to monitor looking for a reaction off the Fib line
AMEX:IWM Price broke a year long down trend line in July and found support on the trend line in Sept. Price now flirting with a squeeze between the 200sma and a S/R range tested multiple times since 2021. RSI and MACD showing positive movement and run to the upside. If S/R is broken next price range test 195/200.
AMEX:GLD GLD looking to test previous multiple tested S/R line from earlier this year. On the 4h MACD is threatening a negative roll over and the RSI is extended into overbought land since last Wednesday. On the 1D, MACD is much like the price over the past week and is almost vertical while the 1D RSI is breaking into overbought. Price is ~4% extended from...
AMEX:XLF Triple top forming on XLF, while price broke 200sma, it now runs into the 2022. resistance line that provided support in 2021. Fib at 50% of 2022 high, highest MACD numbers in almost 18mths, RSI at overbought border, and tested resistance zone upcoming, current charts displaying to many negative indicators for upside profit
QQQ After breaking two recent down trend lines before rejecting off the 200sma, QQQ has crossed the 50sma and appears to be going for round 3 with the 200. RSI and MACD showing upslope with more room available. Short term gains with price meeting 200sma again around the 300 area.
AMEX:XLB A double top played out in qtr1 and established a down trend for the next two quarters. Price action recently broke this trend line as well as the 200sma and printed not only at a recent top but also a S/R range going back into 2021. With RSI at the door of overbought territory and MACD at one of, if not the highest in recent time, upside gain (if...
AMEX:XLV Price reaching a multiple test resistance level that goes back to end of April with a MACD / Price action divergence and MACD roll-over to negative.
NYMEX:CL1! Ascending triangle / double top forming on oil futures. Price swings printing higher lows over past 6wk and hovering at the 50sma. Up sloping MACD and RSI both with more room to the upside. With price hanging at the 50sma, could be the last pump before a double top dump. Price will need to hold above the 50sma and retest the $93.50 top range. ...
UNG 4h chart ascending triangle forming after flirting with the 200 week SMA on 21/24 Oct. Multiple tests of the lower trend with continued higher lows print. Price target of 24.00 or the 200 day SMA, which ever comes first. AMEX:UNG
Don't think that's what they meant by flattening the curve www.ustreasuryyieldcurve.com TVC:US02Y TVC:US30Y
Well the MoM general downward trend of the 2yr yield and the Fed Funds rate is broken. We've surpassed previous rates and looking now to reach the rates of the 2007/8 housing bubble. Yield inversion becoming flat, due to rising 30yr rates vice the lowering of the 2yr, and with newly relaxed lending for first time buyers, it looks like rinse and repeat for a...