jmccomb3

jmccomb3

Looks like the beginning of consolidation. We may be stalling for a bit. Can it break through?

jmccomb3

T1 and S1 are my ipossible targets for SPY. It looks like it will probably chop, but it is still closing above the 50 Week MA so as long as that holds we could see a rally into year end due to institutional buyback activity. Momemtum could bring us to the lower trend line after a retrace. Lot's of opportunities should open up over the next few months. The Fed is...

jmccomb3

The regional banks didn't bounce and I got stopped out by the blue 50 Week MA. The downward targets are the black 200 Week MA and the pink line or the dashed pink lines where there is a gap you could get a bounce off off.

jmccomb3

After hours market manipulation to fill gap and keep the rally going.

jmccomb3

NVDA could cause a rally up Friday. Shorts could be waiting at the .0618 fib. 1st pullback area has multiple supports converging,

jmccomb3

I would take a major event to derail the Chinese Stock Market. Trade relations worldwide will likely improve over the next several weeks especially with North Korea coming to the negotiation table. There is major support in the $30 area.