Potential 20% further downdraw from here. When you have a well defined channel and you break above and fail. There is good odds you will test the other side of the channel. Not saying it will happen but it is something I am preparing for. The groundwork is there with potential rate cuts (Historically bearish) and recession fears acting as a potential catalyst in...
Price action bearish but rotational in nature. I am targeting the 50MA which coincides with the top of my long term channel to buy back in.
Thinking about Trump, thinking this goes up. Thinking about ears and guns and winning.
Thinking about Ulta. Thinking it consolidates a few days in the green zone i hereby dub the "Buy Zone". Thinking could be a long play here maybe, you never know...
Thinking about CEG, Thinking it should break my line. Looks like its above the 20. Thinking we may or may not have something here...