Nice setup on gold here heading into CPI next week and Powell this week. Neutral right now, but keeping it on watch for a run in either direction.
Dupont has ER tomorrow morning as it holds this trendline as support.
Decent looking bear flag setting up here, looking for a retrace into the 38.2 level then a break to the downside. If the markets are weak tomorrow then it could drop nicely.
Still some room to fill on that gap from the daily, volume dropping off, flag forming.
Put it on your watchlist for a 50% retracement in the morning, could be a nice trade out the gates depending on where we open.
Fuel costs and the expected lowered spending of the public for UPS's busy season I think will bring a drop on UPS.
I can't imagine many people are buying new and used cars headed into a recession. Guidance will be pretty key, and I think GM's going to start looking bearish.
Feeling bearish on SNAP's ER. I have a hard time believing that they're more profitable now than they were this time last year. Implied move is 17.4%
TSLA's current implied move based on IV for their earnings this week. Not huge, but not small either. China could be an issue with their zero covid policy, and if a recession is looming I doubt people will be buying expensive cars.
It hasn't completed yet, but the 15m ES chart looking very Bearish Craby. Keeping an eye on it.
Some 15m Bullish Stoch Divergence heading into open tonight in a half hour.
Just some bullish ES stoch divergence on the 30m and 15m charts, could make for a nice push up here in the wee hours of Sunday night.
Pretty sizeable bear flag setting up on the SNOW daily chart.
For the first time in two years $META price falls below covid lows
$DKNG bullish gartley LFG!!!! This is setting up nicely
Watching these levels on the indexes this week. I think if we break them we could be in for continuation to the downside further. ES 3936.5 NQ 12080.25
Feeling with this crash though 50% of the previous week, we see a bearish engulfing candle this week and break previous week's lows.
TSM setting up a possible inverted head and shoulders on the weekly chart as NVDA runs into problems in China today.