DanBrooks123

DanBrooks123

Long term bullish but looking for entry point at $31 range. Long wicks on the weekly chart

DanBrooks123

MMC is trading in a nice channel atop of a upward trend. Looking for $79.50 for a good entry point. Target price is $83.75, pattern break out is $86.50. Bull flag/rectangle patterns are around 70% reliable.

DanBrooks123

This post is little late to the party but Target price is $47.50 where we find nice support structure. I'm looking for a long entry position at $47.50

DanBrooks123

Ascending Triangle Bullish pattern with breakout @$15.16 I think today's rally fails but Option B will hold.

DanBrooks123

Short-term Short, target price to close position at $106.20. This cup and handle pattern and price action depth matches nicely with support levels.

DanBrooks123

Shorting the Dow on rising wedge reversal pattern. This morning's price action is a false break that will trigger a pullback and ultimatley a 850 point reversal. DJI target 23600 for position close. 9-Feb and 2-April lows will be a strong support levels for the upcoming consolidation. Looking for a solid triple bottom to develop.

DanBrooks123

The positive breakout is still contained within a larger pennant started at Late March High to Feb 2 low. We are still within a cycle of lower highs. The bears will step in to pull the DJI back to re-test the double bottom. Expect continued volitilty.

DanBrooks123

Look for a break out of the falling wedge for a trend reversal. If the bullish breakout occurs we will look to retest the long term bullish trend. Investment Strategy is long for 1-week period. Neutral for 1-month, need the market to confirm long term uptrend will continue.

DanBrooks123

The market appears to have oversold the tarrif news. Trade tariffs amount to $60B, the US markets lost just under 3% market value. The market sold off $900B. However, if we continue to panic I have chartesd support levels with cooresponding % delta. I am watching the Feb low values, and long term support levels. Not buying back in until MACD 30, 100 MACD is positive.

DanBrooks123

We are seeing lots of volatility in the market as a result of the Fed pointing to further rate increase with a bonus of fear inspired by trade tariffs. I want to see MACD (12, 26) trending up and CCI above 50 before we go long. Stay cautious of further consolidation.

DanBrooks123

12, 26 MACD is turning bearish. Looking for consolidation then re-entry at $16 for a new 5-wave and exit at $18.50. 2-week bearish, 2 month Bullish.

DanBrooks123

SP500 is at critical lower resistance level of wave 2. Waiting for Feds target rate for market direction, if we dont hold the 2700 mark, looking for double bottom at 2620 to hold 1-year uptrend. I am holding and looking for a entry after consolidation.