SPY looks to show a double top on the daily TF. Appears if this period of consolidation will not be broken until Wednesday’s inflation data is released.
The low volume bullish movements, curling MACD & RSI point to a sell off in coming weeks.
Invalid if 420 is broken.
Looking for a breakout on $FB to the $360 level in the next few weeks if the overall market cooperates. Bounced nice off trendline and looking to breakout from this wedge. Has been moving strong since the last touch of the trendline.
$WMT touching trend line again and reached oversold on RSI. Good swing trade set up. 12/17 $140 call @ $1.50. 1/21/22 $140 call. $500 position with a 30% SL. Good Luck.
