BlueLineTradingLLC

BlueLineTradingLLC

Looks like the structure has I nice base to build off of.

BlueLineTradingLLC

I sent this out to our chat room a couple of months ago and it has been following the forecast nicely. If things stay on track, we should start seeing some excitement soon.

BlueLineTradingLLC

While this is still preliminary and there isn’t much price action to work with off the potential bottom, the technical indicators are providing good upside confluence, with historical resistance and option flow giving fairly clear skies up to the $20 zone. Further forecast to come as the chart structure builds.

BlueLineTradingLLC

The split has really cleaned up the chart and with some patience, there could be some real opportunity on the wave two pullback. Once a top is confirmed, volume will be the guide to get a more accurate greater degree wave two target. Currently, we have it drawn shallower, targeting the lesser degree wave four position, as there is a bullish nature to this ticker....

BlueLineTradingLLC

JPM has excellent greater market confluence to support its forecast, which in our opinion, puts the odds in your favor. That said, catching tops and bottoms can be risky, while selling covered calls for stock holders may be the safer way to get exposure.

BlueLineTradingLLC

Once 210 zone is reached, we should look for a meaningful pullback toward the 177 zone, followed by a run to new highs.

BlueLineTradingLLC

Run looks primed for further upside. A break above 21 would be wave three confirmation.

BlueLineTradingLLC

FB is looking mighty suspicious as a bullish long term growth target.

BlueLineTradingLLC

With resistance at 820 is respecting the pinball forecast, with last week’s candle structure indicating a pullback is possible. While it is possible for the current wave structure to push higher, the RSI divergence supports otherwise. While any pullback would need evaluation, it may lead to a great buying opportunity.

BlueLineTradingLLC

Indicators line up and provide nice confluence with the pinball forecast.

BlueLineTradingLLC

While the indicators don't currently show strong upside confluence with the forecast, strong upside volume would be a good indicator of possible all-time highs. Remember that as we near the upper portion of wave 3, we expect divergences to build.

BlueLineTradingLLC

This appears to be a great long term buying zone for AAPL

BlueLineTradingLLC

While vehicle manufacturing may not be the most stable industry, it is consistent. Ford has been in the game the longest and may be the car make that prevails.

BlueLineTradingLLC

Seasonality in the greater markets would align nicely with the WMT forecast in suggesting that further pullback is in the cards, with the longer term outlook remaining bullish.

BlueLineTradingLLC

Forecasts suggest that a higher degree top may be near.

BlueLineTradingLLC

Getting very close to its pullback target and aligns with seasonality guidelines nicely.

BlueLineTradingLLC

The bearish short term shift from the high indicates this pullback is more meaningful and likely to be a larger degree wave two pullback with targets in the 101 zone.

BlueLineTradingLLC

Based on the forecast, indicators, and option flow, AAPL is likely to have more downside ahead before a bottom is found to push to new highs. On a larger degree, the chart is still bullish and opportunity is likely near.