juicySkew

juicySkew

Not much going on. Remember that today is a synthetic holiday.

juicySkew

$TSLA broke out and we can see more upside potential. Next resistance at $500.

juicySkew

$MKC are reporting earnings next week on Sep 29 Before Market Opens. Historically, their Q4s were the strongest. However, this year, Q2 was almost as strong as the previous Q4s because of the lockdown. I am bullish on MKC and expect Q3 2020 earnings to be very strong.

juicySkew

Once we hit $95.57 we should see a bounce back on the long term.

juicySkew

The market selloff just reached 50% of its down trip, another 50% to go. We are still in a downtrend and for sure we will see some bullish pops, caution not to go long unless it's really short term. Based on my analysis, we can reach the $2890 level before starting to see a bounce back. MACD is just crossing 0 and RSI is not in oversold territory yet. So all what...

juicySkew

AMZN is bearish and we are looking for more downside. Signs of weakness: 1- KUMO cloud is turning red 2- Price is currently sitting and 100 EMA and Senkou Span B. Let's hope we find support there but i doubt. 3- Huge selling volume 4- RSI showing weakness and heading into oversold territory

juicySkew

As expected, meltdown continues and we are only seeing the beginning.

juicySkew Updated 

Signs of weakness: - Tenkan Sen crossed Kijun Sen to the downside (bearish cross when conversion line crosses base line to the downside) - Candle broke into the Kumo Cloud (couldn’t find support anywhere above it, not even on Senkou Span A) - Big red bearish volume candles - MACD crossing the 0 line to the downside If we can’t find support on Senkou Span B at...

juicySkew

XLE looks extremely bearish. Might be a good idea to sell some call credit spreads to benefit from the last pop and ride it more to the downside.

juicySkew

A lot of weakness signs. Bearish for now.

juicySkew

MU broke upwards from the could and showing incredible strength. First resistance to be cleared is $52.17 (R2 Fib Pivot). Next stop is at $55.66 (R3 Fib Pivot).

juicySkew

If we don’t hold above the cloud on the daily we can see a gap fill and hope to hold above $234.89.

juicySkew

It already filled the first gap in the chart and now at a critical level. If it doesn’t stay above the cloud on the daily we can fill the other gap and hope to hold at $96.3.

juicySkew

Who do you think will lead?

juicySkew

just broke out of that bull pennant!!!