Possible AMD Fractal play. If it follows the fractal, that started from the last double bottom - some key lines of resistance and support correlate.
8 minutes ago Just some personal notes on my observations using ADX /DI. A few things: - ADX /DI is a oscillator, only indicates strength in move in either bullish or bearish directions. - Red line ADX above 25 is a good rule of thumb for deciding whether the trend is strong or weak. - Indicators are fallible, ALWAYS use in conjunction with other indicators. S/R...
My Spy levels for week of March 8th. Levels s/r levels indicted in red. Daily time frame. Note, the ADX/DI levels. ADX above 25, bear trend is strong!
possible pullback at double top, with fib retracement levels
Range is in play after the bounce at 168. Possible long up to top of range
PFE possible bottom is in, and could mark a turn around back up to highs
Possible double top forming on AMD, watch the ride on the hider bb band
nflx possible range, and idea of shorting the flag here.
decent short term support at .23, that coincides with trenline. perfect wick bounce at converging trendline. All eyes on next few hours, as extremely tight - while bulls have shown control, potential runout of steam. Stop loss should be set right under or at 11600