Green = Support Yellow = First Take Profit Red = Final Take Profit I am trying to simplify this as much as possible. In larger time frames we see a rare volume spike that we typically only see near strong bottoms. Plus, multiple points of bullish divergences have occurred. We can see a little more selling to the down side and still rally after.
Just look at IWM, wait for a pull back and enter...
There is no better setup when the Russel is in a clear bull trend and this stock has not popped yet.
see my two outcomes above. I think there are to many retail traders buying puts right now. What are your thought?
Do your own DD. Take profit is marked and it will be followed. If it is crossed through with a strong candle I will get back in. If this flips bearish we can go much lower, set a tight stop loss. Sleep well yawl.
With tech earnings coming around the corner, I am interested to see if google and Microsoft can prove my theory right of weaker earnings for all tech companies. They are to separated from the rest of the market. Lets see where we go boys!
This company is working with UPS and building drones. Along with building there own delivery truck. Lesson to learn: Stock in bearish environment = will fall on good earnings. Stock in bullish environment = will pop on bad earnings. Look at the horizontal line, its a take profit zone... IWM = bullish... this stock will moon tomato tamato
The Euro is kissing the 55 MA on the daily chart, its under all of its major moving averages and it looks really bullish ngl. I have a feeling that wall street wouldn't hand this play on a silver platter like this. If we do pop to the upside I am looking to short at 1.08. There is a lot of room for the down side. Side note, how did the bond market not crash...