A cross of the 50SMA on the weekly time frame has always been a clear signal of the beginning of an uptrend! DO NOT get shaken out by short term volatility. Log scale and the 50sma show a clear up trend, despite what short term price action may signal in the weeks to come. Now is the time to accumulate and buy every dip.
DIS getting very tight here, looking for it to break here, and if RSI can break the top of that trend line, it should make a nice move up after this very long consolidation.
Action on Snap Chat is looking primed for a run to recent highs. Nice consolidation, and MA's are starting to curl up. Big rejections past 12$. Lets see if it can get past that.
Monthly breaking down here on ALV... Missed earnings several time, compounded with the weakness in the Auto industry. $ALV $F
Instead of fearing the next crash, keep track of the best companies and be ready to pull the trigger when the next sell off happens.
$SPX $SPY $QQQ $STUDY My simple take on past, and the future predictability of the next significant market sell off. "#DOTI" Dont over think it!
My take on when I believe the next market crash might ACTUALLY happen based on simple trend following indicators on the monthly time frame. I am NOT a bear in this market... not yet at least. But there is nothing wrong with being defensive and on the lookout!
Bottom in OSTK could be in. Showing Positive divergence on RSI, rising volume and Finding support of monthly and Yearly pivots. OSTK is approaching very depressed levels however, so I would place stops below recent lows.
Lower trend line tested last week.... looking to retest tomorrow or next week possibly. Important spot IMO