Short the Spoos back to Value This market appears to be grinding higher as rollover wraps up this week. Note the very low volume continues as we "Breakout" i'm of the skin that I need to be selling here 2490 up to 2515. Until we close on a Friday over 2515, I want to remain short for the near term as the chart points to retests of lower prices without more rocket fuel to take it higher.
Marketprofile
DGBBTC DigiByte Market AnalysisDGBBTC from the daily chart passed from downtrend to range market, but still not in a bullish zone. Support has not been tested enough yet.
In the 4 chart, however, a symmetrical triangle has been formed with a possibility of short term profit after triangle break. Look for bullish indicators before placing your order, and confirm with at least to bullish candles. Triangle may break after Segwit, 8/2.
Is good time to go short if you are holding profits, if not, wait for the triangle to break.
Also, you can go long over 659 after triangle break.
WNZ
Free updates and analysis of the cryptocurrency market: t.me
Short NFX here - stop loss at 27.55..aim for 6 to 1NFX pulled back into Overhead Resistance on Market Profile patterns. Stock is in a solid down trend and presents an opportunity to reenter the down trend.
Sell Short CPB here with Stop at 51.77...Risk reward ratio is 6 CPB is pulling back into Market Profile Overhead resistance ...stock has been consistent under-performer with 10 day relative change to the S&P -2.41 % (smoothed over 50 day). Looks like a good short here ...RR reward is good too.
Buy HON here...stop loss at 133.82...RR is 4.5 to 1HON broke out of a Market Profile pattern today. Expect follow through towards the old highs. Aim for at least a 4.5 to 1 trade
Sell RTN here....SL at 162.59..aim for a 4.5 to 1 payoffShort RTN here...Market Profile shows the uptrend has been broken and it should continue lower. Also...Daily Maket Profile Analsys for all stocks on the SP500 is now bearish
Sell DSCA at current levels...stop at 25.91....aim for a 9 to 1 DSCA is running into Market Profile resistance at current levels. Sell here with stop at 25.91. Daily Internals for the SP 500 have now turned negative on MP Scans
Buy BCR with Stop at 314.34 - Look for 10 to 1Buy at Market Profile Support....xpect 10 to 1 on rally
Sell Delphi into the close if DLPH stayes below 84.96Delphi broke Market Profile Support pattern today. Should head lower. Stop at 85.41....expect about a 5 to 1 payoff.
From Nothing to Something - Friday June 9thMost people I know wake up and check Facebook. I did that exact this morning 7 a.m. Eastern time. One of my friends posted a status that only said "Ethereum" it had 3 likes and no comments so I didn't want to look dumb asking what that means. I then did a quick Youtube search on Ethereum. Following the Youtube comments lead me to publishing this first post. I woke up 3 hours ago and now using a whole new platform. I'm from a town that was settled in 1785 and still has a castle!
Facebook lead me to trading view.
In the grand scheme of things,
I want to thank all the people who took the time to read this and shoutout to Ethereum!!!