traderCarl

traderCarl

some sideways action most likely now

traderCarl

Bears not able to take out the high or low of yesterdays bullish candle, so it's an inside day, stay bullish.

traderCarl

Exit long position at or just below the falling the 40 m.a. Sometimes price can only return to falling 20 m.a. on this bounce back, however.

traderCarl

Looks like a normal Fib. bounce at .382 level on one hour chart, IWM

traderCarl

Huge Bullish Engulfing Candle a Long signal.

traderCarl

Spy at the topside of a channel. Macd starting a negative divergence Average Bull run is 257 bars This Bull run is at approximately 260 bars I would submit that a pullback to .236 Fib. is possible ($158.8) and could fall as low as Major Support line of $153

traderCarl

Just pondering a theory here, double 5 reds for a double bottom Next was a 4 red down, will next be 3 red down? One more Red bar to go? Around $527.68 for an expected reversal to a White bar up and then more upside...

traderCarl

I'm no expert in the Gann Fan, but it seems apparent to me that the initial APPL thrust upwards ( the 1/8th line) from the weekly double bottom is weakening... getting first resistance at the 1/8 line, then support at the 1/3 line.. however that now has recently failed as support at the end of 2013. (Box on Chart) So, the question is will the historical pivot...

traderCarl

Watch this: youtu.be

traderCarl

Depending on slope that could be end of Oct. '13 or mid Feb. '14 Yellow lines are the Low to High pushes, next push should be to the $532 level by 9/25/2013 Green Lines show a measured move from a Bull Flag breakout but unclear what slow it will take to get to that P.O., perhaps the dotted line, 2/17/2014 = $606 or the more aggressive green slope, 10/30/2013

traderCarl

watch the flag, if it breaks to the upside, then that's it new direction...

traderCarl

some upside potential now

traderCarl

Fib. lines are telling me that a pullback to the .382 ($460.17) level is likely as a resistance turned support line sits near there too at $465.02. But, perhaps only a move back to the .236 Fib will happen. Today's doji suggest one of those two Fib. levels. will get support. Also, Awesome Oscillator acted as a great signal for the this latest Bullish move.

traderCarl

$500 = 50 Weekly Moving Avg. will be a magnet

traderCarl

IWM could be setting up for a H&S pattern. Too early to say yet but the recent uptrend certainly accelerated and needs a consolidation, perhaps to the proposed neckline of $99.25 ish. The Magenta line is a long term resistance line. Look for a doji or shooting star there.

traderCarl

It looks like it may aim for the $440 level next

traderCarl

Keep an eye on this weekly trend line that has finally been pierced, this could be the start of a new uptrend.

traderCarl

Top green box is made from Neckline to Head, then copied three times, resulting in a predicted $346 bottom. Trend lines would indicate first bottom will be put in on 7-19-2013, then a rally up to the descending trendline which will be rejected, followed by a double bottom on 9-12-2013, at which point a new breakout rally will likely occur.