Jlov

Jlov Updated 

Weakness ahead as major index's are still in downtrend

Jlov

Might want to target 108 here. My LIS for more bullish continuation would be a close over 118

Jlov

TSLA's price action has been getting tighter and tighter every week, watching for some resolution soon. First, I can see tsla breaking down in this market with its high valuation in a tightening economy. Watching for a shortable bounce into early next week. The 666 area looks to be a magnet for a pop, maybe. Otherwise, if tsla breaks down, I expect some support to...

Jlov

Next leg down in progress here, volume has been slowly drying up as price action gets tight. Watching potential bounce into 303, or any bounce, to start entering short. Watching the 200 level to provide some short term support in the coming weeks.

Jlov

NEM has retraced 25% from its recent highs but now is looking to breakout for another push higher. It has found nice support within the VPVR value area around that 63 level. Tight action within this falling wedge, bullish reversal pattern. Preferably I would like to see a breakout to test that 75 area before ER. My thoughts on ER is it wont be a catalysts for any...

Jlov

ULTA running right into the overhead resistance and extended outside the top of its value range. It found strong support at 402 last week but now it gets rejected at 430, also showing signs of double top after not being able to get a strong close over 425 for the 5th time. Personally expecting CPI tomorrow to expedite its test of 402 support before most likely...

Jlov

LULU finding some resistance within the Volume profile POC and showing a ROC Divergence here. The ROC showing lower high readings as LULU continues in the short term uptrend, a negative for any continuation here. Expecting a test of the VAL (286). I think this 286 wont be a strong support either and might see a stronger support at 250.

Jlov

Watching these levels, I see weakness forming from the bulls. The last time the bulls defended this level, we had strong volume capitulation that formed that short term bottom. Now I do not see the same. We have yet to see sellers come in and once we do, I do not think we hold and we start seeing newer lows forming.

Jlov

MRNA double topped at 188 before rounding off into a bounce at 150. From 150, MRNA is now bear flagging into the 4hr 21 ema. Watching downside to retest 150 soon.

Jlov

Wedge forming on daily right below 200 day MA. In my view, LULU's inability to take out the 200 day quickly shows weakness and could fall apart next week. Weekly chart showing a gravestone doji, indicates a top of a trend; a sign of trapping longs. Either way, if it breaks higher 400; breaks lower 333.

Jlov

After days of tight price action, CVX finally breaking upwards to ATH. Watching cross of 175 with relative volume to see if rally can continue. Keep in mind, we are getting closer to travel season (summer) where demand for gas will be at its highest. CVX can keep staging massive strength rallies.

Jlov

MDB hit resistance at 465 for the second time completing a double top. Broke below 200 day MA with relative ease and now acting as difficult resistance. Also, volume POC keeping it below 432 which shows crucial weakness not being able to reclaim it. That being said, I can see 385 being hit by next week and might see crucial decision at 345 after that.

Jlov

Weakness forming in SPX futures, can see 4hr 200ma.

Jlov

LMT getting tight at these ranges. Verge of breaking out either side. But the momentum is with the bulls, never go against the trend.

Jlov

NET moving strong past week, needs to cross 200 day to further confirm bullish thesis. Watching for a possible pullback as RSI is a bit overbought.

Jlov

NVDA making lower highs against the trend line. Finding support on the bullish order flow, which sits around 208. Bearish setup that can find itself lower if it closes below 208. Below 208, can find support at 137. This is where the volume profile indicates a high volume of shares were bought. Of course if it breaks out of the downtrend line, we can see ATH...

Jlov

IXIC is forming a falling wedge on the daily with a bullish rsi divergence. Technically, everything is pointing to a reversal amid all the economic turmoil the US is going through. Not to mention the atrocious war. in Ukraine. But saying all this means nothing until we get confirmation of a break on either side. On watch for cpi tomorrow.

Jlov

Formed a nice second bottom here. Could see 120, even 127