I'm typing this out around midnight, and tomorrow might be a bloodbath. But if SPY does manage to pass June highs we could be looking at all-time highs and 350 SPY. I know, crazy.
Hey folks Even with rising cases everywhere in America, I believe that we can hit all time highs again. IF ES / SPY passes June High (3231) I see a move to the next fib line around 3400 Not sure about the time frame.
Sold the top, entered no positions for the weekend (because I just don't play that game). Either looking for a second leg down or a gap up come Monday, and I couldn't tell you which way. It's obeying levels for now.
Throwing this chart up because if anything fills this gap to 285 on SPY, it would be riots. Just testing out my theory.
Closed short Will the fed keep pumping and the world open leading to 310, 320 SPY? Sure whatever. Keep in mind a gap fill to $285.78, I'm considering that play a week or two out but I haven't opened any positions as of today 5/27. TA keeps working out unusually well on S&P, leaving this strategy as neutral due to buying calls and puts on the same day.
Next two trading days I am bullish on S&P. There is a rounding top but also we saw a bounce from the fib channel. This leaves ample room for growth under the top. RSI close to oversold. Thanks for coming.
I don't usually use this fib channel tool but it seems to be lining up well. No idea where SPY will open come Monday.
Euronav NV engages in the transportation and storage of crude oil. It operates through the Tankers and FpSO (Floating Production, Storage, and Offloading Operation) segments. Euronav reports earnings May 7th Relatively strong (High Timeframe) support/resistance lines High volume since October 2019 Looks like it's ready to head to the next resistance line ...
Quick look at S&P today, I shorted the dip and have a few 4/1 calls atm.
SPY continues with lower highs, with stimulus package coming "soon" we are looking at a possible change in direction Personally I'm not sure the bill is enough or has enough consumer protections to help the market out, or that a slush fund designated by the president will enrich anyone other than himself.
Cloudflare is an internet networking company that operates a CDN network providing the service of protection against DDOS attacks. Basically it keeps the internet running and speeds up loading times.
This is just a pipe dream about S&P opening on Tuesday. There's no reason for it to gap up, but the market has shown that coronavirus is a non-factor. So fuck it, why not? Indicator boys will tell you otherwise. Bullish: Bottom of the channel with lots of buy volume at the end of day on Friday - leading to gap up Tuesday. The past few weeks have shown a pretty...
S&P continues to trend upward to the top of the channel, not necessarily out of steam yet. I think we'll see the trend to continue past this. Oversold RSI can be bearish but most likely won't be in this case. Don't fight the trend. Thanks for checking my charts out.
Right now, S&P has both a rounding top (bearish) and a channel up (bullish) Combined with the touch to the cloud, looks more bullish than bearish, but I'm holding no leveraged positions until open Monday.
Smile Direct Club provides Invisalign - escque braces to directly to consumers. Not only is it a good idea but it's also a solid investment. This stock is still new so it may need to take some time in price discovery before considering a play, staying neutral for now.
If you aren't familiar with Inseego, they are a 5G & IoT company based in San Diego. Trending up longterm, short term possibly down the channel. NASDAQ:INSG
Insider buying // fib lines lining up right // time to pay attention to this stock holding off until I see what I want before coming to a decision on what the play is