I present my masterpiece!!. ok So ranges are created at obvious highs obvious lows. ideally you want to give it 2-3 candles to confirm it which we have. Using our models indicate if market is trading at a premium or discount we can determine next course of action. Overall environment and macros are bearish. Nothing is screaming short term bullish. Now using our...
Very interesting things cooking up with the SPY. Bulls and bears fighting over what the next move is. What I see is simple RSI is low enough to allow for another bounce however price candles are under EMA so it is bearish. Bulls need to overtake EMAS on the RSI bounce or they risk a support break at 476.12 If that happens we can expect a pullback to 470.46ish levels again.
The weirdest chart i have seen. However this thing is legit primed on all time frames for this Inverse head and shoulders to play out. If it can hold 205 area of support and bounce there is a possibility for new ATH. A failure to hold 205 will send it to 194.51 and followed by 177.62. UPS is prepping a pretty big move deffinetly interesting. i am leaning more...
Chart speaks for itself unless FVRR can break the death channel it will bleed until $58
CVS has an interesting look to it. On one hand the recent rally got over extended and profit takers sold. The 50MA held an bounced CVS back to technical uptrend on EMAS. However i am not fully convinced. Since its a neutral play there is 2 scenarions. Bullish EMA continues to hold as support can take calls on the EMA support and ride back up to 107.46. Problem is...
TSM has always been the laggin semi play and looks to continue that trend by losing it gains. TSM had an insane run last few sesions followed by losing most of it steam. Currently it is on a downtrend after failing to reclaim EMAS. Continued selling pressure has it nearish support but still has some room down. There is a gap to fill below which looks like it may...
LABU is nasty. Rejected the resistance at 39.45 and went into a deep downtrend. Currently heading toward march 2020 lows if it continues this path. Nothing is showing reversal signals as of yet so this would be a knife catch play. Only thing i can see is RSI is low enough to allow a good size run but needs bulls to step in. i would like to see some consolidation...
XLE been on a damn tear High RSI small rejections may start to signal some things. The energy sector around the world seems to be the place to be with energy prices sky rocketing everywhere that said 2 plays. The breakout bull play if XLE can break above 61.51 can take the play and ride momentum to 63.85 and 68.00. Keep in mind High RSI so if it breaks through...
RBLX is a story of 2 charts as well so depends on your position. If your long and swinging it is not good at all. 4hr Charts have severe support breaks and this "bounce" is forming a bear flag. Now short term this support bounce looks pretty good RBLX needs to bounce above 94.95 and reclaim EMAS. Then it needs to hold as support for another move up. IF a rejection...
AFRM nasty action if you are long side. What i am seeing is continued blood potentially for AFRM. Due to low RSI we can see a pump to retest 87.46 area a break above it sets a neutral sentiment. A rejection at that level will bleed us back to the support zone thats building at the 80.00 level. A break there will send us to last tested support which would be 67.82
What a sexy few weeks for AT&T. Double bottom into bullflag into new rip up. All signs point to some continued momentum. And with 5G not delayed and T focusing back on their mobile business and not other bullshit. That said RSI is a bit high i can see a small RSI reset for continued momo. look for entry into equty or options at 25.25-25.00 for conslidation and rip...
Will this be AMZN year. AMZN lagged last year while big names made big moves amzn not so much. Bulls stepped in hard on first trading day of the year. They boosted AMZN right out of a downtrend into a uptrend. Currently RSI has enough room to run and Bull momo is increasing. I would like to see a convincing break above 3434.58 and ofcourse a support test of that...
My baby the SPY. So SPY has been on a bearish trend last 2 sessions with EMAs being broken under and rejected. With the Futures pump it has put us right back in the channel and at the top. Which is good and bad. Good thing is if we are playing Bearish then we just need to see a rejection and we can load short position and ride it down to 476 474 and 470. Now if we...
Simple AAPL analysis. It is trying to reverse the bearish trend that took over 12/30. So far on 1 HR time looks to have some bulls stepping in. This support zone it built and has tapped on is getting accumalated. All that is left is a break above the EMA. So simple plays here Bullish above 177.90 with a short term PT of 178.80 a break above there we got to the 3...
The OG MEME. TSLA has been getting alot of chatter on the twitterverse due to big Q4 tsla beat. Thats awesome and bullish however do we forget that they have recalled damn near the same numbers as Q4 deliveries. Anyways I expected Tsla to be pumped at open. It has to break and hold above 1110.73 if not it becomes a pump and dump and we see it back down to 1060...
NVDA is all kinds of bearish but barely suriving by a thread. Nvda has channel traded this range since Dec 23rd however. Each jump from the 295.47 area has been weaker. Also we have every reclaim of the EMAS fail meaning bears have control. And to top off Momo indicators show us bear control. Now support broke AH but with small green futes pump i can imagine it...
No real trend yet just channel trading. Easy loads at 3.14 ride to 3.75 rinse repeat until cycle is broken. Keep 3.14 support on watch a breakdown there will scare long term 3.14 bulls and can drag VRME down to 2.53 area
Any time AAPL gets near the 3 trillion market cap it rejects and reverses back down to the 178.80ish area. This time its looking a bit sketchy. If aapl cant reclaim 178.80 then it may start a move down to the $175.85ish level. From there will AAPL attempt another rally to 3 trillion market cap or will it fizzle down to 172.00 we will find out. I would play shorts...