ctpelot
I will check this chart monthly in 2016, but it's possible we do see some sort of mean reversion towards $16-$18.
$FEYE and the cyber security sector have been beaten down this year. $FEYE is -61% from its all time high and has recently bounced off of the 1.618 Fib Retracement. I see possible upside throughout this sector for 2016. S1: $20.13 R1; $24 R2; $27 R3; $30
I like this LinkedIn chart. Downtrend lines broken to the upside along with relative strength, recent breakout with a gap to fill between $232-$250.
$IWM Small Caps will either continue to retrace and fill the gap from 10/3 or bounce at the .618 retracement.
$DDD is attempting to reverse off of long term support/resistance territory. The stock has seen unusual Call flow in the past couple of days.
The last 3 times $NKE has reported earnings, we have seen gains in the stock. With earnings coming out tomorrow, playing some lotto calls might not be a terrible play.
Inverse HnS pattern with traingle forming. Could see $90 in January. Bulls have seen call flow in font month options near $90 strike.
This chart shows the performance of stocks relative to bonds since the bottom in '09. We have trendline support as well as a multi-year ascending triangle in play.
$AAPL I still see possible downside in Apple to $100. If the stock retraces to this price, expect heavy buying.
USDJPY attempting to bounce off of a longterm support trendline
$XLE is showing a triple bottom set up with several bullish momentum divergences.
Long Apple on trendline support with tight leash.
It would be constructive for US Equities (given the correlation to the S&P) to see buyers in the 122 area. If selling continues, we should see a bounce at the support of the triangle near 120.
$VIX Cup and Handle type pattern inside of a bull flag. Could see a pop to 17 soon.
$SPY the chart has shown us what the S&P was going to do for some time now. After the Fed announcement and bear flag formation, the S&P 500 gapped down today. It would not surprise me so see a test of October lows.
If the S&P can stay above the 202, I think that would be constructive for an end of the year rally.