While every analyst and chartist is calling for 140s and 200s on aapl the stock is quietly putting in what looks to be a triple top here. There is clear distribution in the 132.73 area. also harmonic traders will notice the cypher pattern that has occured from the earnings top. If we hold this 129.55 area we can see those higher highs as it would be a small cup...
As gold is sitting here on a major support area and price has done basically nothing for the past 3 days, seems to be a move coming to the upside in GOLD.. currently sitting at 1190.42 right below short term MA, and all moving averages withing reach ie 4,8,20,50,200 a spike here in gold can potentially start a huge rally. I see 1230 in the coming weeks. set up is...
Price stalling out with selling pressure coming in around the $29.00 area and also now with 4/8 emas pointing down, this can me a good short with a stop above 29.12 as this would negate the set up. It will take a big move to push this through that area of distribution though. Also there has been some bearish options activity on this name in the last couple of...
great earnings on this one but with a super high valuation and now showing signs of a double top here on the 4 hour chart there might be a chance here for some downside momentum with this heavily shorted name.
IWM has just broken a long term uptrend line that has held for most of this entire up move. you can see a break and a retest and a failure. even on the ambiguous FED speak the market didnt rally like it usually does. Also bearish seasonality will come into play with "Sell in MAY only 2 days away.
This pair has tested the lower end of the range in the .9400 area and has had a bullish reversal, slow stocastic has crossed and a early long can be taken. If you need confirmation wait for the MACD to cross, that should occur in a few more bars if move continues. stop placed at the .9400 level should help you stay in the move
