stvkro

stvkro

As stated, Amazon has been in a consolidation period for nearly a year. Two possible scenarios, either a massive breakout to the upside, or we reverse and trend to the the bottom. I predict we breakout considering the long consolidation which is similar to prior Amazon behavior.

stvkro

$WRAP daily has long term cup & Handle forming. If closes above $9.11, expect to run to $11.50. Timing is next 60-90 days.

stvkro Updated 

WE have had a declining wedge after a big move up. After NAFTA news reset the indicators, looks like we push higher. Good volume on the move higher and strong into the close.

stvkro

Based on the Weekly Pitchfork, SPY trending nicely in the channel. If AMEX:SPY doesn't don't drop 1% on 1/12, looks like we go higher even with RSI so overbought. And looks like a major external event will be needed to stop the party. I am Neutral since when/if we get the news, I believe the air will fly out of the market for a reset of the technicals before...

stvkro

CMG has been following Eillott wave and New Impulse wave appears in progress. If if leg 3 follow's through expect higher over next few days and confirmation should break above upper trend line.

stvkro

INDEX:SPX . Based on 60 min chart and upper trend line resistance back to June - I see SPX headed to lower gap.

stvkro

There is a gap at 91.35 in the chart. Expect to fill that gap as WDAY heads into the end of their Fiscal year. Long-term down trend and support still intact, so don't expect anything higher unless earnings surprise late February.