3M RSI at all time lows right now right at support. Looks very similar to the DJI in its infancy. Likely a major runup during the next bull cycle followed by potential depression that several prominent economists are forecasting around 2030.
$EQT set to benefit, likely because of coronavirus and this is a cleaner fossil fuel which will help facilitate transition to renewable energy
Volume drying up, similar to EOMarch with descending wedge pattern on log scale, looks like ready for a move up. Some good potential catalysts coming with (1) Oil tanker sanctions, (2) demand coming back online (TSA #'s hit 500k+ daily Friday and keep climbing, (3) speculation of OPEC discontinuing cuts in August with oil prices recovering, (4) very low tanker...
14+ year descending wedge should break within the next year or so. $EEM
Bullish daily view, see first target at $2.3ish, then retrace then may break out of this multi-year log descending parallel channel
But this is moving up to $2+ over next month
Uptrend goes back to July 2015. Been sitting in purgatory since early May and flagging for another leg down. Short from 383 is a good entry point for risk/reward. Theta will probably be burned at earnings though, so I'd go longer out if playing options. Too institutionalized to drop naturally I think
2016, look familiar? $SPY $SPX $QQQ unfavorable stocks will get hammered and overvalued for next 1-2 months
$SPY - think we'll touch $SPX 2800 short-term followed by a move to $SPX 4000 by 2021. Market still has legs and catalyst will be US-China trade agreement sometime in late Q3, early Q4. Value stocks and $XLF financials will reap the most reward the next 2-3 years.
Expect a drop for the next two weeks at least
Unless they bring this back below $1350 this week, this looks ready to move higher.
Trying to gap over resistance this AM potentially?
Selling partial at 340, thinking we may even seen 328.8 today now with this huge gap move, then reversal then so much money to be made