icombs17

icombs17

When everyone gets bullish it could be a good time to get bearish.. check out the negative divergence on the weekly as well.

icombs17

Be careful this week, we are running right into a long-term trend line that will probably put up a fight.

icombs17

NVDA looks like it's primed to fall but be very careful about stepping in early with this much upward momentum.

icombs17

SPY is currently sitting at the top of this short term price channel with negative divergence. The question is do we fall from here or will positive earnings be enough to breakout and melt up higher. Generally I would short at resistance but with this market I am leaning towards a breakout that turns into a fake out.

icombs17 Updated 

It looks like AMC broke its established trend line back on the 25th and is coming in for a full backtest. If it can recover this trend line there is still another level of resistance right above at 60 so not looking too hot.. IF it can recover and hold above 60 then it could go straight up to 65 and/or retest the ATH.

icombs17

If this is an ascending triangle then i would expect a breakout tomorrow. Proceed with caution, technicals don't always work with these momentum stocks.

icombs17

If this trendline breaks, look out below.

icombs17

The Fed couldn't move SPY out of the narrow range it has been in since last week. Hopefully earnings will move us one way or another.

icombs17

TLT broke the trend it has been holding since March 18th.

icombs17

APPS looks like it could be forming a bear flag, looking for a break in either direction. If it is in the southernly direction, looking for a target of 55.

icombs17

RUN is at resistance with hourly negative divergence. Look for an impulsive break above 57.. if it doesn't then I think we are heading back down to 45ish.

icombs17

Watch for an hourly close below 411 on the SPY. If that happens I could see a gap fill at 400 being the next possible target.

icombs17

INTC keeps moving higher with less and less momentum.

icombs17

SNAP is looking weak to me with negative divergence on the 120 minute chart among others.

icombs17

RUN is in a downtrend but that could be coming to an end as it has just put in positive divergence on the daily.

icombs17

APPS is hitting a major support line today which could be a nice entry point for a long up to 90ish, however if this trendline doesn't hold.. look out below.

icombs17 Updated 

TLT has been walking up this trendline since about mid March but watch out, the pink line is a well established longterm trend that could prove to be major resistance. If that trendline holds we could see a reversal in bonds which would cause a rise in rates.

icombs17

Trade with caution, SPY is approaching the top of its price channel with negative divergence on the hourly.