bobbs888

bobbs888

MACD crossover from oversold area after double whammy of lockup period and tech selloff. Green diamond indicates buy signal from yesterday.

bobbs888

Touched 0.236 fibonacci levels and saw reversal to 0.5. There may be a bit of a resistence here as it finds support at this level. MACD and RSI also turning up. Will enter on 3D EMA crossing 8D EMA.

bobbs888

Rejected from the upper resistence of yellow trend line, and found support on the 4 hour 8 EMA. Breakout of yellow line needed for more bull confidence. Patience is being tested here!

bobbs888

Support at 0.236 retracement. RSI in oversold territory. High volume entering on March 5.

bobbs888

Short term support around the 0.786 Fibonacci level. Thin grey line indicates the percentage of S&P 500 STOCKS ABOVE 50-DAY AVERAGE, which has dropped to around 55%. Steeper drop than the index. S&P 500 STOCKS ABOVE 200-DAY AVERAGE also declined to under 80%, from around 90% in Jan.

bobbs888

Reversal trade. Stop loss at 22.4.