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Bullish Weekly Chart - Earnings PlayBullish weekly chart... On March 16, 2020, the stock hit a low of around $9.00 and spiked up to where it trades today. As of today, the 5-Day MA crossed up and over the 20-Day MA - Bullish Volume is Bullish PMO is trending up, Bullish MACD is trending up, Bullish RSI is trending up and above the center line, Bullish Stochastic is trending up, Bullish Accumulation is trending up, Bullish If earnings are good tomorrow, the stock should continue its upward run. Please do your own research. This is not investment advice. I am simply looking at the weekly chart in which everyone has access to. Thank you and best of luck with your trades! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CLong
by HotCharts
2
SPX Bearish Divergence, some possible scenarios :)We have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday. The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20. I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible. I've linked to the custom divergence indicators I use below, they're completely free to use :D I use these two for divergence the most actually, I really love these, I made them myself :) Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday. The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20. I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible. I've linked to the custom divergence indicators I use below, they're free :D I use these two for divergence the most Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday. The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20. I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible. I've linked to the custom divergence indicators I use below, they're free :D I use these two for divergence the most Oh and PM me if you'd like to join my discord server/chat room, we have tons of pro traders where we all share our trades, ideas and Technical Analysis. It's free to join too! I just can't post the link here :)
SP:SPXShort
by That25RGuy
1