David_CMT_CFA

David_CMT_CFA

Momentum seems to have diminished and reached price targets for wave count and channel. Watch price confirmation and watch current correction is not wave iv of 5 Also classic wave 5 bearish divergence

David_CMT_CFA

Strong bullish divergence Meets all wave criteria 10% dividend (watch for another cut in dividend)

David_CMT_CFA

Short to 50ish area. Technicals show divergence and overbought, typical in end wave 3 swing

David_CMT_CFA

Wait for high prob entry at 400$. Great place to get in for long term trade fundamentally and technically

David_CMT_CFA

Nothing special coming from new CEO for now. Technicals look bearish for now to 17.50-18.00 target

David_CMT_CFA

Looks like old resistence is resistence again. Doji stars showing indecision at resistence zone gives high probability short to 25.50-26.00 Bear resistence Almost 20% of index is AAPL which has yet to break out of bear pattern as well. As AAPL foes so does XLK

David_CMT_CFA

Move down to 17 with triangle forming Long term downtrend Wave 4 pattern retraces to 50% of 3 and all triangle letters fall into fibo numbers Stop at 20.70

David_CMT_CFA

Major area of resistence with an ending wedge at this point and multiple confluence at those levels. Also ties into previous SP500 high...

David_CMT_CFA

Resistance zone at 51.00-.20 For long term, look for entry around 46$ Watch earnings feb 5 Currently RSI divergence reaching high confluence zone spells short correction to 46

David_CMT_CFA

Get long at support zone of 1.73-.77 Upside target 2.30-.38 Stop 1.59 from 1.76 Upside from 1.76 3:1 reward to risk

David_CMT_CFA

Classic textbook moves in GOLD Look for entry in 1660-70 area.

David_CMT_CFA

Short XLF at 17.36 for target of 16.00-.30 - reaching high probability resistance zones - RSI divergence - Great earnings in JPM and GS havent had any reaction - End of a wave count - Bearish wedge pattern forming on 1 hr chart Short term Target 16.20 stop at 18 GET SHORT AT 17.35 NOT BEFORE Long term target of 15$

David_CMT_CFA

- Long term downtrend still strong - Ending wave 5 down - Bear range in RSI - Triangle correction with thrust down - Stop at 20.60 (high of wave A) with target to 16-16.50 - 4:1 Reward to Risk