Traders should exercise caution on SPY Longs, as we are approaching the upper area of a range and overbought conditions. A wedge or ascending triangle is forming.
Another reversal day in Nvidia, but as you can see the stock has a tendency to recover quite quickly.
SPY printed an inside day on the daily and a DOJI on the weekly, we're going to get some movement next week for sure. I have protective puts in place.
Apple stock vs major indexes the SMH - YTD Seems more and more to be a good value and looking for long opportunities.
We have the ominous DEATH STAR in AAPL along with a doji on increased volume; bear flag doesn't look pretty either.
RSI is WAY oversold and the volume spikes near a strong demand zone suggest it's time to consider longs.
Sloppy entry due to market order placed instead of intended limit at 1.1059. TP at 1.10200
