markriah22

markriah22

Hey, AMD is forming a good looking double bottom pattern and is primed for a breakout leading up to earnings 10/25 if the stock can get through the $94 range. AMD has strong support at the $70-75 range and has rallied upwards of $100+ when that resistance is tested, which it has been recently. I believe AMD has been beaten down more than the other comparative semi...

markriah22

The SPY chart is forming a beautiful triple top pattern, and with the up coming FED rate hike and (-) Q2 GDP data confirming a technical recession releasing July 28th. I believe that the triple top will be completed around the 29th of this month, and the SPY will drop to the bottom of the overall trend line at around $360. Also in this chart you can see that the...

markriah22

With the RSI way above 60, suggesting AAPL is over bought and a Bearish Engulfing pattern seen here in the red circle at EOD going into the weekend, I'm thinking a big reversal next week. Sellers stepping in before CPI report, FOMC meeting, and Apple earnings. Leave any thoughts in the comments.

markriah22

I'm basing this analysis on the tools listed below in addition to my own observation of APPLs reaction to key FED data and market health indicator data. Apple has surpassed the bearish trend line channel shown in black, without fail the stock returned to the bottom of the channel fast and hard when this occurs. I believe we are currently in a technical recession...