SupportResistanceTrader

SupportResistanceTrader

ELECTIONS, VIRUS, uncertainty 200day down below... why not. Everyone is looking at it on all charts. May as well test it.

SupportResistanceTrader

Neutral With election around the corner, and Market wanting Trump (due to tax reasons) we will see...

SupportResistanceTrader

Too much uncertainty in the markets. Political noise, FED noise, Tariff Noise. Lets the markets play out and follow with trailing stops.

SupportResistanceTrader

Worth a shot here for a long if funds come back in to buy... Bounce Play

SupportResistanceTrader

I guess there are 3 options, not 2!

SupportResistanceTrader

AAPL coming into all time highs and a s/r zone. Either it will penetrate through or pullback into previous s/r zone and bounce.

SupportResistanceTrader

PG could be a longer term long with it being in the s/r band. It looks to be a getting some buyers in this area. Entry: 80ish Stop: 75ish (under s/r band) Target: 90.79

SupportResistanceTrader

If the s/r band and the trend line hold, it should be a good long ENTRY: Anywhere in yellow s/r band STOP: Below 143ish 2r target: 158ish

SupportResistanceTrader

XOM, within a nice s/r band that had many touches in 2015 & 2016 and held. A good longer term play would be to pick it up around here.. .stop under Entry anywhere in s/r band stop: under 70ish 2r target up at 89ish Obviously OIL and Mother market must agree..

SupportResistanceTrader

With the 50% retracement level and the s/r band right there; lets see who wins this battle. Overall being a "Herd" stock it will follow the general financials.

SupportResistanceTrader Updated 

The two places that Long may not be a good idea.

SupportResistanceTrader

A good possible bounce area for PEP with the 1) retracement, 2) support/resistance band, 3)t/l intersection. All this analysis is a subject to Mother Market cooperation.

SupportResistanceTrader

If we indeed get a 15% correction, here it is...

SupportResistanceTrader

Financials are in trouble. In my opinion still will see a pullback. I think those yellow circles is a good place to go long. (preferebly the bottom yellow circle)

SupportResistanceTrader

If you are interested in longer term plays, this may be a longer term buy zone. I personally am not buying it there but many friends have asked me the closest place to buy.

SupportResistanceTrader

HD, has 2 options to bounce. 1) is at the 50% retracement; 2) in that s/r band

SupportResistanceTrader

Could be a strong bounce area if broad market cooperates. We have a uptrending channel along with s/r band.

SupportResistanceTrader

Markets uncertain on direction. Will see where AAPL goes.