Bear Case: *Bear-Flag on weekly (Massive) *H&S on weekly (Massive) *Failing to back break above red-line R/S *ER Bull Case: *Apple *China *ER **** An updated to the chart posted a few weeks back. Still bearish, if anything only got a better entry spot. I think we break way lower... Let's talk about i!
Bear Case: *Bearish RSI Divergence *Broken Wedge up *Tech/QQQ showing major exhaustion *ER Bull Case: *Tech still holding *China *ER ***Too Many bearish warnings on the technical side. Holding JUNE 21 PUTs with min target at 50$... Let's talk about it***
Interesting contrast between the price movement and Acc./dis. on this one. Bear case: *A/D bearish divergence with price Bull Case: *China and BTC (especially this) *** AMD may report a poor performance and/or guide lower on their upcoming ER. Let's talk about it! ***
Bull Case: *Double Bottom *Positive RSI divergence *Market Over-extended Bear Case: *China *Lack of volume *** Looking to see the market turning here... Let's talk about it! ***
Bear Case: *Forming H&S *Massive RSI Divergence Bull Case: *China *** Looks like XLU might look to form a H&S, but based on how heavily the RSI has dropped, it might not even bother and just drop. In either case, Short the top of the Right Shoulder or a break of the neckline .... Let's talk about it! ***
Bear Case: *Bearish Divergence *Shooting Star on High volume (weekly) Bull CASE: *China **** I think we break way lower... Let's talk about i!
BEAR CASE: * Weekly bearish divergence Bull CASE: *China **** I think we break way lower... Let's talk about i!
Bear Case: *Bear-Flag on weekly (Massive) *H&S on weekly (Massive) *Failing to hold above 50 MA on weekly (Needs confirmation) Bull Case: *Apple **** I think we break way lower... Let's talk about i!
Indecision in the Market right now. Bear Case: *Multiple failed attempt to break resistance *Head and Shoulder formation *Broken wedge up *Lack luster volume *Bearish divergence on RSI ***Motivation for break lower : recession fears Bull Case: * 50 MA broke back above 200 MA * Price holding above those two MAs * Symmetrical Triangle engulfing the H&S (Larger...
Bearish case: * Inverted Hammer at the top of trend + on above average volume + at resistance and + with massive bearish divergence
Expecting a major breakdown, possibly gap down in the coming weeks.
A lot happening with this name. Short case: - Doji confirmation following the hanging man 6 days prior. - Steep wedge pattern - Extremely low VIX momentum - RSI over-extended - Negative divergences on lower time-frames - Currently sitting at potential profit taking resistance of Inv. H&S Long Case: - Wedge is still intact - Above 20, 50 and 200 MA on daily -...
Failed to break out of the top trendline resistance. Poor outlook for the rest of the year... More downside coming!
Looks like more downside is coming on Facebook and the Market in general.
SPY looks to be in "No Trade Zone." Depending on how you look at it... You have, Descending Triangle (Blue dash and top Pink line) - Generally Bearish Channel Down (Top and bottom Pink line) - Bearish Until Break above resistance Symmetrical Triangle (Bottom Black and Top Pink line) - Generally Bullish - Continuation Broadening Wedge (Two Black lines trending UP)...
Chart suggests that there might be more down side to Bitcoin. Will be looking to see it retrace all the way to the 61% fib line (10 k area) by end of year. Overall still bullish on the Coin and expect 2018 will see more upside with new all time highs.