The energy pack broke out of a multi-month downtrend, and pierced through anchored quarterly VWAP and it's 1 stdev. After a strong move, it's doing what bulls want it to do - after strong candle 1 and 4, retracing from 2nd Stdev before the next leg up. Expect continuation of the TD sequential. Target 59-60 to profit take, its immediate support at 47, strong...
Moving along the upward trend channel. Having spent Aug consolidating in megaphone, TDOC looks ready to breakout to the upside. Measured move to 275-285. Position: Long Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
A rising wedge appears to have formed inside the two month flattish consolidation channel. Touching upper bound Should we see a break out, measured move to 215; Conversely, should support be breached first, target 193/4 but expect the consolidation channel to hold Risk award skewed towards upside, but waiting for ES1! to resolve here first before a major next...
GDXJ bull flagging. Measured move up to 75. Current position: Long Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
A clean setup offered by AMD, after decisively breaking out of ascending triangle. The Aug consolidation sets up next leg up, with immediate measured move to 98-101, and medium term target 108. Current position: Long Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial...
If NEM breaks out of the megaphone, risk would be skewed towards upside of 72 (R1) and 76 (R2) Current position: None (as already heavy in GDX) Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
Break out from the descending wedge looks imminent, after weeks' consolidating in a tight range. Current position: None (as already heavy in PSX) Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
As previously suggested, GLD touched 194 before correcting down to 178-181 gapfill, which has completed as of Aug 12th. Now a bull flag has formed, 180 needs to hold for original bull thesis, with GP_C2 zone 179-180 being support. Bulls would want a decisive break out above the falling resistance as a confirmation for next attack towards 200. A couple of inside...