UnknownUnicorn7245819

UnknownUnicorn7245819

AGR is building an ascending triangle since July 23. Look for breakout at 50.

UnknownUnicorn7245819

I have a feeling that MSFT is going to retrace toward it's current Fib retracement level of 0.5 to 0.618 (166-175). That will be a good spot to establish new position or add to current position for long-term play.

UnknownUnicorn7245819

I found something interesting. The daily candle for today, July 13, is very similar to the one back on Jun 08. The open is almost identical.

UnknownUnicorn7245819

I just found this from doing some stock scanning. INS has an ascending triangle built up for almost 4 months since the stock crash in March. It can be seen from the weekly and daily chart. Keep this in the watchlist and watch for the breakout. Usually it will be explosive.

UnknownUnicorn7245819

SPY is currently retesting the trendline from the bottom in March. It has yet to get above the trendline. This pattern is very similar to what happened back in late January before rolling over in February.

UnknownUnicorn7245819

S&P 500 index is forming some sort of a Pennant shape in the 2 hour chart. It is not going anywhere this morning. Expect breakout soon though especially with all the options expiring tomorrow.

UnknownUnicorn7245819

The uptrend line in the daily chat from early April is broken with today's big market decline. Pretty decisive as well. Take care all.

UnknownUnicorn7245819

The uptrend line from May 14 is being tested. There is a chance of a deeper pull back once it is broken. Take care.

UnknownUnicorn7245819

Bulls can't break the 2980 level and bears can't break the uptrend line. Something will have to give in the near future.

UnknownUnicorn7245819

It looks like another rejection at the 2980 level with a bearish pin bar. This could create a double top pattern. Again No FOMO until that level is clear.

UnknownUnicorn7245819

For the DIA, it is in a slightly downward trend. Expect it to bounce between the 2 trend lines drawn in the picture until either trend line gets broken. Please note that, the 50 SMA and 150 SMA are sloping down in the daily chart.

UnknownUnicorn7245819 Updated 

From the daily chart, SPY has been in consolidation between 280 and 295 for the last few weeks. This is situation will likely remain until the next wave. Take care!

UnknownUnicorn7245819

GDX broke out on Friday. The 50MA is above the 150MA. Wait for the entry point for long close to the up trend line (at about 35-36)

UnknownUnicorn7245819 Updated 

A potential short idea for CVX down to around 86.4 after first higher low is confirmed.

UnknownUnicorn7245819 Updated 

The continuous Bull and Bear fight comes to a potential tipping point at the end of a wedge pattern and the critical level of 2820. Get ready to breakout either way. Stay safe everyone.

UnknownUnicorn7245819

After Thursdays rally, the S&P 500 has arrived to another critical point for Friday. One downtrend line, one uptrend line and 50% Fibonacci retracement level at 2580.