kyleeto

kyleeto

GLD has hit major resistance around $145. In addition, it is forming a shooting star on the weekly chart. After three months of green weeks, GLD is definitely due for a correction. It will likely find support around $136

kyleeto

If we zoom out to weekly candles we see that SPY is still trading just above the 50 dma and way above the 200 dma. The last two weeks show a doji candle followed by a bearish engulfing candle. In addition, we opened this week below what is now resistance at $288. I believe we will see SPY test the 50 dma (~$280) by the end of the week. At that point I would sit...

kyleeto

Zynga tried to break out of its downward channel today and met strong resistance around $5.80 The stock should fall to the 200 dma in the next week or so. Price target $5.20

kyleeto

Bitcoin is still moving within a downward channel after a false breakout around 12k. There is resistance from the 50 dma that should force bitcoin back to previous support at 9k.

kyleeto

Watch for Facebook to test the bottom trendline in the next week or so. If it breaks through it will likely find support at the 200 dma... around $170

kyleeto

A lot of big money has been pouring into Zcash in the past year. If you look at the volume, more people are trading it now than during the crypto craze of December 2017. The important thing to note is that volume is increasing as price increases. I think we could see a return to the $300 price area this year.

kyleeto

We saw clear support at the bottom of the channel. Amazon will likely move up to test the 50 dma in the coming weeks. After that I think we're heading back down.

kyleeto

If Bitcoin doesn't break above 12k in the next day or so it'll likely be moving down to 8k. Might be time to move back into alts!

kyleeto

Today marks the fourth day of red candles after NFLX rejected the 200 DMA. It should find the bottom trendline some time next week. Get your puts ready.

kyleeto

Be ready to buy those calls if CGC holds the bottom trendline.

kyleeto

Watch out if SPY breaks through the top trendline in the coming days. It will likely find support at the 200 DMA before continuing to the bottom trendline. In the unlikely scenario that SPY continues up past $301 we could see a small bull run.

kyleeto

$45 has been major support for years. If it breaks this stock will drop fast in the coming months. There could be a possible short term rise to the 200 DMA line.