potential daily bearish engulfing right at the VPOC level of around 292.50. seeing a dip into labor day next weekend
setting up for another nice short opportunity. textbook bear flag back into the VPOC area, should see 215 then possibly 210 which is the .618 fib support from the most recent dead cat bounce. just hate the headline risk with this name
red line is VPOC. also, fib extensions from the most recent low to the dead cat bounce. looking for a retest of 288 and then the 123.6 fib ext.
Hmm...overall market is strong today due to TGT and LOW earnings but where will she go today...
Over VPOC level of 168.33ish. Nice volume. Could see follow thru, looking for an entry over the next few days.
would like to see a close above $1832 and the 21 ema to really gain momentum in the short term. double bottom right on the 200 day sma with MACD about to cross and stochastics triggering a buy signal so far this Monday.
Looking constructive, as long as the market holds up. close above 1206 and it's ready to rock. Just all up to the overall market risk sentiment as this point..stellar earnings though.
bto 8/23 $150 and $140 puts. support pivot break. eyeing 50% fib retracement around $140-$143ish.