Let's see if SPY is ready to go for a 280 retest within the comming weeks.
I am expecting a pop here before the major drop. Short term bullish reveral in play
Looking for that bull run this week
Late Friday of trading after spy did not follow through on the bear move I became a bull as i was seeing some reversal patterns on the shorter timeframe. With this gap up on the China trade war hold, we can see staying bullish to sideways this week if the blue trendline is confirmed support.
Quick update to my first post for ES1! This evening.
It looks like we very well could be going back into the bigger wedge to hang around for the summer, but as of now, we have broken out of the wedge for the first time in a while.
I am going to keep fixing this until it's perfect. Call this an updated chart.
Added trendlines to the first post.
TLT is setting up perfetly and by the looks of it, we will be ready to go short by the end of the month
NUGT is completing the handle of the cup in orange. Also we have a head and shoulders that favors the bears. Still a good chance that the hanlde of the bigger cup which happens to be a inverted head and shoulders plays out to the upside. I have been bullish on NUGT and will remain until we break down.
I have really worked the TLT Daily chart and would like to share with you my thoughts exactly. Enjoy!
This is a great analysis and an over all great opportunity to ride the wave up.