KlenamCapital

KlenamCapital

SPY have been under pressure from short sellers for some time now but looking at this channel we could see buyers stock advantage and to reload their position at 575 and with a break through from 590 ,SPY could be on its way to retest the 600 which serves as a previous resistance .

KlenamCapital Updated 

a market structure waiting to see how this play out but i still believe bears might broke the structure and move lower ,we wait to see what happens next

KlenamCapital

Super micro is a great stock ,i believe in the long run we will see a strong bullish momentum but it seems that time is not now, currently i believe bears are gaining strong momentum and our bearish channel structure also confirm we are heading towards 17.86 which serve as a previous support and also, on our 4hr chart we are trading below 20 day SMA which also...

KlenamCapital

bulls will have to break previous 102 which could signal a strong bullish continuations trend, with a 20 day SMA break-through on the daily chart, i believe a break out from 102 will be very possible