Some nice bullish divergence forming here. I see a short squeeze coming.
Bullish divergence and we are also oversold on small time frames. Look for a relief rally here.
Bullish divergence and we are also oversold on small time frames. Look for a relief rally here.
Bullish divergence and we are also oversold on small time frames. Look for a relief rally here.
We have a descending flag forming here on AAL. I expect to see it break down and have sharp reversal downwards.
Not many people are seeing this and are buying head long. That is dangerous.
American has been lagging behind airlines and should see a nice move upwards once it breaks above this neckline.
VIX has broke out of the downtrend. I expect to see 50 soon.
Pretty straightforward bearish divergence here on the VIX. I expect the indices to do well over the next few trading sessions as VIX sells off for a bit after a week of bullish momentum.
Fed has played their cards. GDP printed -4.8% and will probably print between -20% to -40% in Q2. S&P 500 is being held up by the performance of a handful of companies. This buying frenzy will peter out soon and once the wedge breaks, my bias is that it will break downwards.
Double topped and at a critical resistance point. RSI is beginning to taper and bulls are losing momentum. Look to short.
Double top pattern on H4 and RSI beginning to flatten.
Bull flag after an intense rally. I think this is a bear trap and what seems to be a bull flag forming on lower time frames. We should see this break upward.
Oasis Petroleum was one of the hardest hit producers following the collapse of oil. As oil begins to recover and OPEC+ agree on productions cuts, we will see OAS begin to climb back. As the RSI chart indicates, the price has oscillated in a tight range. However, the RSI has begun to diverge and move upward indicating a bullish bias. The stock as at all times...