Bull flag still intact for now
Nice H&S pattern formed on Disney stock. Targetting the gap fill.
Nasdaq left a hanging man candlestick on the daily chart which is bearish and forms at the end of an uptrend. Will look for a short entry tomorrow.
A nice tradable zone in the Transports. Will the double top hold or break.
Biotechs coiled and look ready to pop or will they pullback once again?
Pivotal week ahead for the dollar. Still trapped in the downward channel but supply zone holding firm. Looking for a long entry with a stop under Thurdays low.
After 15 days of gains the RUT finally broke its uptrend and is very overbought on the daily chart. First target for shorts is the .236 Fib level at 1300/2. If it holds that level and consolidates it may prove a good spot to be long.
The 9 ema has crossed down thru the 20 ma. The last two times this has happened in 2000 and 2008 the SPX has fallen 50% each time. It is also in a squeeze which looks likely to release to the downside. Look at the presvious two.