I am bullish up until earnings.
BABA is currently ranging with a bearish divergence signal (hard to pay too much mind to it in an uptrend). I identified key support levels that if broke should lead to a subsequent downward movement.
One way or another we are waiting on confirmation from AAPL.
I have outlined the range in red. If BIDU continues up out of the range this would be a breakout. If it retraces back to the orange line a break below confirms the range.
AMZN possible in a double or entering a range. We will find if price makes it to my support line.
With elections coming up and the anticipation of a blue wave + a contested election. I think money rotation and uncertainty can make this 100% possible.
Things are finally started to look more realistic in this market. The uncertainty is starting to show. Here are some bear flags.
As indicated by the graph I think Draftkings is running out of steam a bit.
Nice bounce on the DAL MFI almost too predictable. Does it still have steam?
Looks like the air is being sucked out of the GM run but, a break above 33.50 can be bulls are back. Lots going for the bears but I think it is just enough to bring GM back to support line 1. Let me know your thoughts
Looking at the SPX, I am still getting mixed signals. I would like it to close that gap up for bullish confirmation.
With so much indecision in the market, I want to use the AAPL to identify where the overall market trend is. I am slightly bearish on AAPL right now.
Here we are looking at a few different indicators to determine market direction after the sell off overnight. I personally think it is best to wait until we get a clear signal on the overall market trend. I hope this helps somebody.