PIBTC: Highly likely to test the Arithmetic MeanHello, wonderful person!
PChain (PI) high potential to test the Arithmetic Mean.
BTCVol24h: -64%
CryptoRatingBot: -61%
* % up/down from last established support
Weekly: Bullish. Red 2 above resistance
PI
USDJPY -LONG AT 110 WAIT FOR COMBACK TO RISING TREND LINE , THEN AGRESSIVLY LONG AT 110 AREA -OUR PRZ
TARGET 114,4 AREA
REVISITING ON 2,24 AND 3,14 EXT- CUMULATION AT THAT REGION
PI closed right over 53 support, hold here or retest 46.7?PI rejected off of 60 resistance, went thru 55.45 support (which will now likely be resistance) to retest 53 support level...guessing it'll test around here and lower to the 46.7 level and maybe even lower given recent downgrade, tech selloff & coming holiday before settling around lower support levels til next earnings. I sold July 45 puts for .75 - $75/contract pocketed or shares @ 44.25 recommend anyone seeking to enter/add do the same - solid long!
Potential 9th distribution day on the S&P 500Volume is already tracking higher on the S&P 500 and if the price action remains where it is now around 2150, we'll definitely be looking at a 9th distribution day. To top it off, we will also have a distribution cluster which is 4 or more distribution days over a rolling 10 day period.
The indicator below the chart displays the distribution day count over time. As the count has climbed higher of late, note how the price action has also gotten more wide and loose. If you're long, this isn't what you want to see.
All that said, our individual positions guide us into or out of the market. There are still plenty of names setting up, breaking out, and running. Of late we have seen TWLO, AMBA, and PI just to name a few that have had strong breakouts and gone on to make some quick gains.
S&P 500 Low target between 10/16-1/17. High target around 11/17 til 2018. Time vibrations based on fibonacci.
