


UncleBeeB
Re-entry if correction starts this next week may take some time but can be good areas to enter again for long term holds.
Red boxes indicate where shorts likely to enter. Yellow boxes indicate likely areas to go for dip buying as the stock price cools off. These are set using support and resistance areas and trend based fib extensions
Weekly Downtrend still in tact. Needs to get out of trend line for 2 weeks. Otherwise another rejection to downside is likely again
Perhaps we get a little more upside from earnings. If the top is in this scenario could be likely to meet another downside target
Possible scenario. one of a few I'm leaning towards on SPY at the moment
Broke out of channel. Hit .618 Fib upon retracement to upside.
Be wary if this stock pushes down with conviction through this trendline. It could turn into a Head and Shoulders Pattern with further downside continuation
Elliot wave looks like this may be wave 4 coming down in a full 5 wave structure
shll looks like its going through and A/B/C corrective move from its prior high at around 58 dollars. If elliot wave holds true. Ideal entry price is just below 40.
786 fib area looks like ideal entry for long. wave count matches magnitude and balance of the chart. will look at put option at 1.31 and call option at .88 or take long position instead of call options. ideally would like to roll profits from a put option into a call or long position at .88 cents
BYND has really liked this channel in its overall price history. I'm looking for a bounce and a move back out of the channel, if the bounce doesn't occur and this moves to the bottom of the channel I'll look for a short when the channel is broken. I will be looking to go long or short based on how the price responds over the next couple of weeks to this area....