dfburke

dfburke

Indicators point towards a potential double top being formed in the coming days.

dfburke

All technicals shown are starting to hit lower highs, and lower lows - on 30m, 2h, 4h charts. Price is consolidating before another sell off.

dfburke

highly leveraged industrial sectors are starting to drag. 195.5-196.6 lead me to believe support can first be found there, then 192.

dfburke

Only thoughts, no trades.

dfburke

Divergence between indicators and price. RSI is retracing much faster than price, Stoch (on one hour) has higher highs at a fater rate. Still learning, not trading SPY.

dfburke Updated 

Volume rising, but price remains within bounds. Lower highs and higher lows. Rumor of new cold weather blast hitting the North West, and Mid West Coast could push prices higher. Weekly chart still shows good opportunity for Long positions imo. Other's thoughts?

dfburke

Thinking winter will be a little be warmer than recent reports.

dfburke

Expecting movement in this manner till mid/early 2017. Shifting business models takes time and pain, delayed production Fib retracement shows .618 support at approx. 12.35, and .5 retracement to approx. 11.55. MACD cross over, showing oversold on RSI. Entering longs, will short weekly's when resistance and momentum show indicators.

dfburke

Thinkin NG is showing short term support to return to low 2.6's this week.