Risk on, Risk off
Short on failed break (top of descending triangle), Long if it goes. Watch until then.
Clear Skies towards 14
Targets posted, Weekly10SMA stop. 1/2 @ 98.50 1/4 @ 97.60 (0.382 fib is 1/4 "runner" target.)
6.60-.70 gap fill would try a long in that area on a bounce
31.99 is Weekly 10SMA, 34.60 is 1st target on Breakout of 33.30 (17.5M shares short 21% of float)
Bullish RSI, MACD, Volume, Price Action (last 90-Min)
On watch for flag break with hot bios
Looks poised for 30 test with break of the flag (27.37 previous high)
series of lower lows, 10sma turning up through 50sma, found long term support
Could find support 6.97-7.10 other wise will be looking for the gap fill/ 50dma break-down
Should get a bounce to the 50dma ($38), lots of support looking to buy the dip
add on break of 4.24
Could move quickly to 4.80-5 on volume through $4. Chart idea from @zerosum24
Fib levels posted. 96.32 1st target.... Everyone wants 100-105 but I see 91.25-96.32 first. The dip before the rip
04/25 9:30&9:35 buyers stepped in, chart is at lower end of channel. Looks ready to go over 230 on volume reaching 250 quickly
Need a big volume buyer day or new highs. This one is heading lower. May 92 & 90.5P look good
Would like to see spy come back to 155.75 if we gap open tomorrow it is an easy short. Weekly 10SMA back-test. would be ideal
