RHedge

RHedge

SPY is moving in a midst of the discending channel formed since historical high was reached in Jan'22, tested $388 level and can move in either direction: move up to the upper bound of the channel near $407 or down to the lower bound of the channel near $331. More precise short position could be set up at the upper bound of the channel.

RHedge

Gold future is breaking a symmetrical triangle, which is considered a continuation pattern. Possible price target is around $2,150 - the height of the triangle.

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Around $1755 is a turning or downtrend continuation point.

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Around $68 is a possible short entry at resistance level.

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Possible short position entry at 4577.50 resistance level

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ES could open by falling on regular trading session as it happen yesterday. Reversal from 4660 level with 4690 target. Falling below 4660 is less likely due to absence of significant data publications and lack of daily ATR.

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After breaking down an upward channel S&P aimed to reach channel's support that, in turn, could become a resistance.

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Expected entry points and psychological round numbers on daily chart.

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Expected entry points and psychological round numbers on daily chart.

RHedge

Expected entry points and psychological round numbers on daily chart.

RHedge

Gazprom is breaking an ascending channel formed since 2014 and forwarded to historical high of 369.5.

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Zoom can bounce from a local support line at $270 or channel's support line at $200 after more than a 50% fallout.

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NVDA on noisy chip shortage background reached unforseen highs and looks like completing the 5th impulse wave afterwards ABC correction is expected.

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AMD on noisy chip shortage background reached unforseen highs and looks like completing the 5th impulse wave afterwards ABC correction is expected.

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Carnival is moving siways in a stretched rectangle and volatility (Bollinger Bands Width). Stock could break the pattern down as company said it may sell as much as $500 million of shares. But the shares issue take just 1.7% of a company market cap and fresh capital could be positive, so the breakout could be in both direction.

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Tesla forming a descending triangle pattern. As major trend is up the upward breakout is more likely, but the descending triangle could be a reversal pattern too. That's why looking for a breakout on increased volume to enter the position.

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BTC's 12-fold rising trend since march 2020 looks completed - the price is fluctuated under the neckline with possible breakthrough to the latest riging trend high near $19,000.

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EDU could rebound after a 66% pullback from a supporting line since 2016.