Long term view. Green = secular bull markets. Red = Secular bear... could have 100 more months of this. TVC:SPX moon
Same set up as in March 2017, gap on weekly gets resolved with a touch of 40wma. PT $255 to $240. DONT HATE THE PLAYER HATE THE GAME. No position.
Improving stoch and williams %R, in addition US election. Record short dollar positioning due to potential MMT and UBI. If surprise results could see dollar surge upward move, that you sell. See Nov. 2016 move.
Not perfect but very close to XABCD bullish gartley. Buy point D on gartley, however i doubt we get that low, bottom of pennant would be a great place to buy IMHO, no position.
ST was not the strongest, still have not retested the SOW either. Wyckoff method definition: https:// school.stockcharts.com/doku. php?id=market_analysis:the_wyckoff_method
A touch of the 40wma as a shake out to resume the bull trend (as it has done so twice in this uptrend see yellow circles). Stochastics broke down, williams %R flirting with breaking down of support, pennant coiled on the weekly. Buy into 1800-1840 and target 2200-2400. No position.
Using Lazy Bears script, see the Martin Zweig breadth thrust. Each trigger has been less "powerful" indicating possible exhaustion with declining breadth on each move up. Decisive move over 0.615 puts into bullish stance into EOY. Per Investopedia (can't post a link): "The Breadth Thrust Indicator is a technical indicator used to ascertain market momentum....
NASDAQ:EBAY sitting on trendline converging with 61.8% fib, already re-tested june move. Earnings 10/28. Has lagged the indices, has tailwinds of lockdown and unemployment estimates 23-26% EPS growth and growing margins. trading 3x sales.
Support found on 50% retracement of 2014 breakout. Higher low from 2018 (which was 61.8% retracement of 2014 breakout). Reclaimed 50dma, strengthening into EOY is still in the cards. No position.
Breakout from 2000 tech bubble highs in 2016, bull trap in 2020? NASDAQ:NDX
Accumulate KIRKLAND LAKE NYSE:KL into the rising green ICHIMOKU cloud, first target $58-$60, bullish while above rising 21 and 50 dma's. Stop loss at $50.