Arc still holding rounding top. Expect back test to 2106, then high retest. Above VA
Time based fib ext pointing to high in today. Upthrust into rounding top and above 1.618 ext. I'm looking for a retest of 2100
Looking for ES to open at this 2013 level and hold. If not, a larger pattern in play targeting 1986.50. Option volume and OI shows put support at 200 SPY and 195. USD/JPY tagging the 1.618 fib ext may provide a brief bounce. Using fib based time ext we should see the high Thursday. Needs confirmation. CPC and VIX:VXV ratios at levels where bounces occur but need...
This is in trouble. Hammer into the 1.618 and outside the lower bb on weekly. If this doesn't hold, there's your next levels.. A bounce could help equities
CCI oversold and Williams % R oversold. Trin reaching levels where it typically pulls back but can spike. Tick had extreme buying into end of day. Something to watch..
AH we saw a run down to 201.95 AH which met the 1.272 fib ext. Also, Williams % R showing oversold. If we look at each time Williams % R has touched these levels, it's been a buy. Doesn't mean we can't see lower first, but snaps back. I also posted block trades at the 203.13 level AH with major volume. May be just short covering (Williams % R - Red markers at...
Below a bearish 3 drives pattern targeting the .764 retracement with perfect symmetry and 65 degree angle for next week. Most likely weakness into Monday, but may bounce before market open.
Many of you are familiar with my ES arc on the daily chart. Daily model has now handed to Weekly as the dominant time frame. My targets were spot on. My expectations are ES to close at the 2053 level, but we will see wild swings over the next couple weeks. I anticipate the bottom to be 1984.75 before weekly hands to monthly. We should see a close over 2053 then...
Measured move to $43 ish
Open gap and secondary test. I like this long at $344.48 No position
I'll keep this simple. Bullish ABCD pattern at S3 w/ a hammer candle. 2108.50 - 2109.25 satisfies my upside objectives
Could pull back slightly to the 52.74 or even 50.50 level where there's an open gap. My bias is very little room down then a move up to 62.48 or higher. Open gaps at key fibs. Just saying... With market weakness, this would see a sector rotation. Possible this needs one more flush to 1.618 fib ext at 44.63. I'm not real sure on this one. Need more price...
IBB touched close to my 255.69 target AH on Friday. My belief is we have a sector rotation upon us. I anticipate weakness in SPY and a move into beaten up bio's through October. Last time macd at same level, Px was 397.58 where an open gap remains. It's possible we see some more weakness before the rotation. $234.96 would provide a secondary test to take out the...
I have caught a lot of heat about this stock. Let me provide some context, I recently started following this stock about a month ago after a follower asked me to take a look at it. I had some huge option swing trades and nailed the levels precisely, until last week. That said, I am bullish this via common from avg Px of $23.12 and long via July $25C's and July...
Hammer into the .764 fib and lower bb. I expect extreme chop into brexit vote but still moving into a supply test. CCI oversold . Par sar and vol stop closing in for now. Targets above
- Bullish Macd & RSI divergence - Bottom of trading range - Lower TF's completed SC and ST Concerning: - Below the 10ema and 20VWMA - VSSD#1 triggered Friday I expect to see a bounce next week
Just put this on my watch list: Analysis will be quick. I really need to see a climactic sell off for a secondary test before getting long here. Then, the R/R will be strong. 11.37 most likely target. That said, 15.00 area looks interesting and could bounce up to R1, then flush. Wedged between the 20VWMA and 10ema. Room down on RSI. Be patient here.