Best time of the year for Costco, also online services growth this year could generate a nice surprise in Q1 2021. resting now on the 100 MM on the daily.
if bitcoin cant get back to 10k soon is going to get ugly
BTC is demonstrating negative correlation with the stock market. BTC is being used as a hedge to the market along with the VIX and GOLD, so i believe next week moves are going to be affected by market news and not much technical analysis.
SPY failed to retake all time highs and closed below the 2019 trend line, there is a bearish divergence on the RSI, heavily dependent on trade news but today demonstrated that even with yesterday advances in the trade deal is not in off to recover the highs. Also FED meeting happening next week so there is going to be some volatility.
SP at .33% to recover the 300$ level, expecting to touch that target today by end of the day, possible short potential depending on the rejection
long GOLD at year trend-line support $140, good RR
BTC failed to break the 2019 upside trendline the past week, that previously broke, expecting another test at support at 9500, I am expecting it to breach it and test 8500 the zone were the 200 MA lays
twitter went back to the trend-line,and is now retesting the old resistance and forming a nice Cup and handle. Move is more or less dependent on the market but is a nice set up for a 2-3% up move
Expecting this trend line to hold, if not I expect 9,500 again and I believe it wont hold, triple bottoms are rare. Expecting the triangle pattern to fully form for a decisive move on BTC. BTC is moving along international markets SO IT CAN BE AFFECTED BY THOSE MOVES TOO
I would open a short at rejection on 287, 285 if it breaks here, target will be 275 and then 268
Support at 284.3, inverted H&S formation for quick long
Earnings beat expectation as discussed in previous analysis. long from 37$ to 42$ complete
39$ target hit, moderate resistance there, expect a pullback to $38, then expect 40$ prior to earnings day. If earnings beat estimate I expect $45-47$ target like May 2018, possible 20% move. Primary elections and presidential elections approaching will give good guidance to the company.