If anything could have a big gain this week it will be NFLX!!!!! MAJOR RESISTANCE/SUPPORT LEVEL…….. Let’s see how it plays out.
If bearish I can see NFLX hitting the 50 day EMA and possible bouncing and becoming bullish.
If bullish my first resistance point is at 278.79. Once we break that it will be 300. After 300 I have no doubt that the market will pull...
APPL is way too bullish in my opinion. Close to it’s all time high’s. Fun fact: August and September are the worst months for the market historically. Keeping a close eye for a big reversal on APPL. Will either use its all times high’s as resistance or support. Either way if you want to play it smart you can possibly straddle long term once we hit...
Bearish on SPY this week. High overbought RSI so we should be red on Monday. Support and resistance points @426.60, 424.64, 422.22, and 420. A lot of tension is rising with Taiwan again as well.
Personally believe this is a bull in a bear marker, not convinced we are in a actual bull market yet.
Break above 401.44 will make me bullish, break below 389.74 will make me bearish. FOMC July 26-27……. With major ER’s this week. If you do not have a clear understanding of the market I highly recommend you not to trade this week. We are in a triangle (I do have a iron condor, and butterfly’s covering that triangle).
Personal Belief: I think there is a lot of...
Spy on the 15 min chart is showing a triangle, and a bullish pennant. Iron Condor and Butterfly’s have been collecting bank while it bounces around both strategies. Should continue to be like this until the FOMC which is July 26-27th. Personally bearish for the FOMC.
NFLX is currently in a previous gap fill, which it has recently used as a major resistance/support level. A break over 192.66 will make me bullish, and a break over 185.34 will make me bearish. I predict the bull can run to 204.40, and the bear can run to 169.81
APPL is at a major resistance/support level @151…….. Also happens to be at the top a bearish flag. APPL’S RSI has broke .80 which represents that it has been over bought. Still @.80 closing Friday. MAc-D on a 30 minute chart is also showing a bearish trend bound to happen soon, with lower MAC-D highs happening as the stock continues to rise. Waiting on...
APPL is at a major resistance/ support level @151……. Also happens to be at the top of a bearish flag. APPL’S RSI has broke .80 which represents that it has been over bought. Still @.80 closing Friday. Mac-D on a 30 minute chart is also showing a bearish trend bound to happen soon, with lower MAC-D highs happening as the stock continues to rise. Waiting on...
