Top of accumulation pattern. Secondary test targeting 22.00 - 27.00
Does UVXY have a IH&S? It appears so... Upside target 16.61 if it plays out.. Watching 7.60 for a long
Tagged the 1.618 trend fib ext and also above the 1.618 from 10-07 high. Bearish divergences in RSI and CMF. Williams %R triggered a sell
H&S set up above R1 and rejected at top of the channel. Bottom of channel is 2188.50 and neckline is 2152.50 - 2159.50 area Then, RS formation. Measured move takes us exactly to the 61.8 at 2095.25 Fib based time gives us an idea of the time frame. My guess. Lots of chop until then.
This looks like a great short set up to me. Tagging R3 on monthly and 2.272 fib ext. Williams R indicating sell. Most likely we see this tank on ER today.
Double top into R3 on Monthly and 100% ext w/ RSI at 76... Way over extended imo
Overbought and way above R3 on daily. Tagged the 1.272 Fib ext.. Looks like UTAD
Spy filled the last open gap and above R3 on 4hr. At least a pullback is needed to the 50ma for consolidation
Looking for a last supply test at 215.54 and close over the 10ema for bull trap.
I see clear distribution on on the weekly chart. Extreme money outflows 34 of 39 weeks confirms. However, there are a couple of scenarios. Friday, we saw massive SPY blocks at the $213.10 area in the morning and had overhead blocks at $213.99 and $214.23. This could be some small reaccumulation for a high retest and fail or we just rollover targeting the weekly...
Deep retracement, gap fill and reaccumulation. This can run.. $138.71 is target #1
Lots going on here. Island top candle into R2, .764 fib, and the 200dma on 4hr. Gap just above at 14.48 and R3. RSI reaching overbought with volume not confirming. I see reversal..
Careful here. Below S3 and a double bottom with 9/15 at 2107.75. Fib ext measures to 2200 at 1.272.. Could be a face ripper to the upside..
- Looks like redistribution with LSPY test coming at 2151. 2.05M block bought @213.25. Nov Covered calls tied to $224 buy/write. Will be watching closely to see if the call position is closed tomorrow.