Major earnings are coming in this week, although not today. Coca Cola was the only major company to report today, and they beat earnings expectations by basically acknowledging they just passed price hikes in production to the consumer.
With the bigger Earnings of Google and Microsoft tomorrow, then Amazon and Meta later in the week, I expect tomorrow to begin real price action and today to be somewhat slow.
Trends into today;
Last Macro Trend Signal Spots
30m - 4151 Uptrend (4/24/2023) Lower High
1Hr - 4149 Downtrend (4/20/2023) Lower Low
2Hr - 4162 Downtrend (4/19/2023) Higher Low
3Hr - 4159 Downtrend (4/19/2023) Higher Low
4Hr - 4146 Downtrend (4/20/2023) Higher Low
6Hr - 4041 Uptrend (3/29/2023) Lower High
12Hr - 4091 Uptrend (3/30/2023) Higher High
Daily - 4168 Uptrend (4/13/2023) Higher High
Weekly - 4366 Downtrend (2/14/2022) Higher Low
We seem to be continuing to movement down on the 30m trend for now, any movement back under that trend will be a potential entry point for me.
The Long Position;
I'm not sure what would cause it, but a strong push up to and past 4160 may be a potential entry point for a Long position, at least to 4180.
The Short Position;
I'm looking for signs the momentum is getting read to run us down again, likely here around 4150. I will then hold into that short to see if we can break into, and past the 4130 range.
Economic Data;
Nothing I see as important today.
Earnings;
As I said, on KO (Coca Cola) today.
My sentiment into today;
Shorter Term - Neutral, slight bearish
Short Term - Neutral
Medium Term - Bearish
Long Term - I don't know still... beallish?
Safe trading, and remember your risk management.
With the bigger Earnings of Google and Microsoft tomorrow, then Amazon and Meta later in the week, I expect tomorrow to begin real price action and today to be somewhat slow.
Trends into today;
Last Macro Trend Signal Spots
30m - 4151 Uptrend (4/24/2023) Lower High
1Hr - 4149 Downtrend (4/20/2023) Lower Low
2Hr - 4162 Downtrend (4/19/2023) Higher Low
3Hr - 4159 Downtrend (4/19/2023) Higher Low
4Hr - 4146 Downtrend (4/20/2023) Higher Low
6Hr - 4041 Uptrend (3/29/2023) Lower High
12Hr - 4091 Uptrend (3/30/2023) Higher High
Daily - 4168 Uptrend (4/13/2023) Higher High
Weekly - 4366 Downtrend (2/14/2022) Higher Low
We seem to be continuing to movement down on the 30m trend for now, any movement back under that trend will be a potential entry point for me.
The Long Position;
I'm not sure what would cause it, but a strong push up to and past 4160 may be a potential entry point for a Long position, at least to 4180.
The Short Position;
I'm looking for signs the momentum is getting read to run us down again, likely here around 4150. I will then hold into that short to see if we can break into, and past the 4130 range.
Economic Data;
Nothing I see as important today.
Earnings;
As I said, on KO (Coca Cola) today.
My sentiment into today;
Shorter Term - Neutral, slight bearish
Short Term - Neutral
Medium Term - Bearish
Long Term - I don't know still... beallish?
Safe trading, and remember your risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.