I'm watching and find it sitting right at resistance. It does report earning in 3 days and one I'll be watching. A break over the 112.50 is the next bullish task. I also like how the long term downtrend is showing signs of a reversal.
I do see a crack in the charts that I'm watching. The failed retest does raise a concern. The negative rsi divergent is also a red flag. When you look at the weighted average I feel the importance of XLK's direction has a huge impact in overall market direction. Based on my limited chart reading I currently hold a bearish bias as long as the trendline holds as...
Covered short on SPY for a poke in the eye small profit. The yellow line pointing down represents current down trend line based off short term… 1 hour time frame. I expect a back test of the short term down trend line around 297.50. If price action takes out 297.50 and sticks would be the bull task.
I see TSLA may be trying to have a trend change. Bulls need a thrust past 267. Current price action does show it bumping into resistance as TSLA tries to get back in the range.
