Scatman_Jeff

Scatman_Jeff Updated 

The AMEX:SPY is exhibiting a compelling technical formation on its weekly chart. A classic cup and handle pattern has emerged, signalling a potential bullish breakout. The cup and handle pattern observed over the past several months on the AMEX:SPY not only signals a bullish continuation following a period of consolidation but also aligns with the current...

Scatman_Jeff

Our view is positive for a short term rebound as long as the price stays above the $12.40 pivot The MACD must break above zero to trigger any additional gains

Scatman_Jeff Updated 

Our view is negative until $147.14 pivot breaks to the upside. The RSI is below it's neutral area of 50. The MACD is below its signal line and negative. Furthermore, price is below the 20, 50 and 100 day moving averages.

Scatman_Jeff

Since our target prices were hit to the downside, we adjusted our pivot and support/resistance levels. Our view is negative until the $134.30 pivot is broken

Scatman_Jeff

Our view is negative until $24.70 pivot breaks to the upside. The RSI is below 50 and further downside is expected if the MACD penetrates zero and falls into the negatives.

Scatman_Jeff

BILI mapped some decent speed lines this morning

Scatman_Jeff

This morning QCOM mapped out some picture-perfect speed lines.

Scatman_Jeff

Could we see Facebook drop down to the low 200's? With a break below $248, our next support level would be $207. It will need a lot of volume to break the descending trend line. Let's see how our support and resistance hold up.

Scatman_Jeff

For the last five months, AMD has confirmed a support/resistance level at $87.50.