SPX500 might be in "sell the rumor, buy the news" mode. But the bounce has just hit a major fib (of its Covid wave). If the news is bearish, this would be a perfect top to drop. ===================================================
SNOW with a nice bounce along with entire market. Now at a key resistance zone that will determine trend. Dual fibs that are both well proven to this is a big deal. ================================================
TSLA back to the Golden Genesis fib that we keep harping about. This is a BIG deal, as the most important level of this epoc for it. Many PINGs (exact hits) have made all traders keenly aware of it. What happens here will say a LOT to a LOT of traders and algos. ========================================================= Full view of the "Genesis...
GOOGL and the magnificent seven trying to find support. This one just hit a tight cluster of 4 fibs around psych val. $150.66- 150.96 is the exact zone of interest for bulls. ================================================== .
RDDT trying to recover but has just hit a significant hurdle. $110.32 is a "semi-major" Genesis fib that bulls need to flip. $106.46 below and 115.08 above will be sister fibs to watch.
Airlines have been crashing and DAL has been a leader. Double Golden zone has been proven over many years. Golden Genesis at $40.04 and Golden Covid at $41.13. Ideally we get consolidation within the zone then launch.
JNJ got some bad news apparently, in the talcum lawsuit. The news dump has dropped into a couple of MAJOR fibs. Golden Genesis at $156.72 and a Golden Covid at $158.17
FDX dumped upon last earnings but has been trying to recover. Currently struggling against a semi-major covid fib at $244.26 It seems likely it will reject to green support zone $231 -233 ======================================================
DD may have reclaimed a key support around $74 The dip wave may have ended at the red 5.236. Now looking to break the red 4.236 at $75.13. $73.68-74.35 is a major support that must hold. ============================================
Tariffs on new cars expected to boost used car upkeep. AZO is bobbing up against a Golden Covid fib at $3841.58. Break could be powerful, or reject as a top if tariffs wimper. =====================================================
ACN bounced into a significant resistance around $315 Look for a break and retest which would target $340. Rejection could drop it to Double Golden fibs at $280. $ 314.05 - 316.37 is the immediate resistance. $ 277.51 - 280.31 is the best guess target below. $ 334.93 - 340.33 would be first target for bounce. ===============================================
XLF and many big banks are a significant support zone. Bulls need a bounce here, even if going lower after. $48.45-48.68 is the exact zone of interest for bulls. =============================================== .
BTC at a significant fib cluster going into Sunday evening. Bulls must hold 82k til Monday US open for a hopeful bounce. Bears will try to snap it and cascade down towards 80k then 75k. ======================================================== .
UPS has been dropping worse than the general market. Now at a significant support that might give a little bounce. $ 107.90-108.49 is the exact zone of interest for bulls to hold. ======================================================
CAT has been in a waterfall along with the market. Now at a semi-major support that just might hold. $325.49-326.16 is the exact zone of concern for bulls. =============================================== .
Gold is at a significant cluster of fibs in the 3100 area. Good possibility of a pullback from here down to 2964. Best Guess for current wave's EndPoint is at $3100.76 =============================================== .
Volatility continues thanks to Trump and Tariffs. SPX500 just hit a key support zone around 5670. Bulls need a good bounce here even if going lower. =============================================
RBRK got a nice strong boost from the last earnings report. Now at a tight confluence of Golden Genesis plus local 4.236 Look for a dip to buy or a Break-n-Retest of $76.30-76.41 range. ======================================================= .