Market_Psychology

Market_Psychology

Price has been consolidating for the past 6 months. Bullish divergence points that price should be rising out of this triangle soon enough.

Market_Psychology

Price keeps pushing against the resistance of the previous ATH. Bear divergence indicates it might not make it. However, there can be strong divergence during strong momentum trends. I will wait and see if it break through ATH with strong volume before entering a trade.

Market_Psychology

Bull divergence on two measures points that this recent bear run is oversold and done for now.

Market_Psychology

Bearish reversal. Target around 27

Market_Psychology

Inverse Head and Shoulders has formed on USOIL. If this pattern is correct watch for a pop up to around 50. Need to see heavy volume break past the neckline to confirm

Market_Psychology

Would like to see this one pop up to 11.

Market_Psychology

OKE price is falling out of the uptrend it has been in since March. Added to that a bearish divergence indicates a down trend could be beginning. I will wait or price to drop below blue resistance with heavy volume before entering trade.

Market_Psychology

Bear divergence indicates that NKE stock cold be bottoming. However, Price did fall bellow Support at 53 with moderate volume. It could just be testing the "neckline" before resuming down trend. I am staying neutral for now, and will wait and see how price reacts to earnings before entering a trade.

Market_Psychology

This head and shoulder on Jetblue is playing out nicely. Target is 11.

Market_Psychology

It seems like the blue resistance around 246.50 is holding. Biotechs will likely be ranged bound and go back up to around 290 as investors fearful of the impact of Brexit look for solid yields and value buys. Also this trade offers a great risk reward ratio, if price goes below blue resistance exit trade.

Market_Psychology

Bull Divergence indicates that Brexit sell off for BIIB might be over. Considering the strong fundamentals o this company this could be a great deal at these prices. blogs.barrons.com

Market_Psychology Updated 

Citigroup has fallen out of a rising wedge and broken down past the short term support of 43. Next support is at 39.80. Most banking industry stocks did poorly today. This may be a beginning of a bear trend or a brief correction before further rising. If price falls bellow 39.80 with heavy volume bear trend is active.

Market_Psychology Updated 

MTUM broke above support at 74.50 and so far has been staying above it. This should continue to rise unless the entire market crashes.

Market_Psychology

A weekly view of MMP confirms a strong uptrend that began in December 2015. RSI is in a rising channel. I entered the trade at the black line and am using the red line as a stop. Price continuing to go higher and consolidate above the blue zone of resistance will be viewed as further confirmation of uptrend.

Market_Psychology

Price of VLO has broken down through support of the rising channel it has been in since 2013 and broke through the support at 52 caused by previous lows. A cautious trader could wait till the end of the day to see if this candle closes below support.

Market_Psychology

I'm not trading that but the pattern was too easy to spot. Possible head and shoulder. Price could drop ~485. Green zone is support and target. It always depresses me that weapon stocks go up after a tragedy.

Market_Psychology

Head and Shoulder is a classic bearish reversal signal. Watch for a drop in price below the neckline with heavy volume to confirm

Market_Psychology

Despite the sell off on March 21st, KMB is in a rising channel. Generally a bullish indicator. I am long. Will exit if falls below channel with heavy volume. Great long term dividend stock. #BuyandHold