Big money sold at $232.70 since earnings. I prefer going with the Whales that make the waves in the market. Let's be a barnacle and capture their move. Until above 235 then have to be cautious for positioning to take it lower.
Rarely do we see Diamond Top Reversals, but this setup looks like a potential downward trend reversal AMEX:SPY
Goog has a rare Diamond Top setting up in the next week or two we have an extreme downward turn or a 3rd Elliott Wave up
The Gold futures have a beautiful cup and handle breakout on the daily with projected target measured to 2030.
SPY has a rare diamond top set up on the 24hr chart. This has a fairly high rate of reversal however we need confirmation of the trend line break down first
Watching the TVC:DXY and the USD losing strength with #BRICS backing their currencies with #gold
According to #Finra reporting last night was the highest reported short volume ever for WW Biggest potential short squeeze
Looking at the most recent volume it looks like a nice short trade down to former support volume of 362.80
With the breakdown of this long term trendline it looks like further downside to come to 300 area
Looking for the low float volume to test the 52.20 downward trend line off the most recent 8k filing with the PIPE investors buying 1 million preferred Class A shares at $1,000 per share. not Class A Common shares. here's the 8k filing app.quotemedia.com
Many of the $XLF holdings look to be setting up head and shoulders patterns. Maybe it is sympathy to the big head and shoulders set up on #Bitcoin or is it Basel III standards going into effect.
#XRP daily candles are approaching an apex and likely primed for a move. looking for volume and a trend break
$BITW has a nice W setup with a break above 78 and a depth of 32 so looking for 110 or better here are the holdings in the 3.5 mil share float at the...
lets see if we follow through on up to 330 or greaters hoorah
$55 deep and when we break 360 could give it a $415 target for quick profits. Caution this is not an instrument to hold long term intraday gains 7.03 million shares in TVIX so very fast mover. Caution this is my opinion and not an everyday trading instrument please note that looking for quick profits as is low float
Another nice cup and handle depth is 6.09 so rough exit target 14.5
Looking for a target of around 278/9 with a cup depth of 29.1
We are still testing that consolidation box. Waiting to see if they add to their position from last week. and drop or break up