Will the SPX 1 Hour Bull Flag Break UP?
The SPX formed an hourly bull flag, but stopped right at resistance. IF it does break up, it measures to around 3940.
The SPX formed an hourly bull flag, but stopped right at resistance. IF it does break up, it measures to around 3940.
Many NQ stocks are starting to turn the corner on the up side, like NOW, while some DJIA stocks like UNH are rolling over. I will look to short the DJIA stocks, and buy at support, the NQ stocks that have “turned”.
After the markets once again failed to break above weekly resistance, it is looking like the path lower is very much intact heading into the new year. Should the markets continue this downtrend, I believe this weekly squeeze in $AAPL could be one great spot to pursue short positions.
Heading into 2023, the structure of many key time frames continues to suggest that the path of least resistance for the market is to the downside. One setup that I’m looking at for bearish opportunities is the weekly squeeze in $AAPL. Let’s take a look.
In this update we take a look at the macroeconomic reasons that there could be a Santa Rally as well as when and where we will look to get it.
This is what all of the data amounts to: What will the FOMC do next and why? With GDP and PCE coming up this week there is plenty to watch.
We’ve seen a lot of these 4 or 5 day selling sprees find support. Is this one different or do we once again look for the bounce? Let’s take a look in tonight’s post-market review.
Silver continues to look interesting. Nat Gas got hammered but I’m buying it. Coffee survives the covered calls. Bonds are a patience game. Rice gets the nod and moves.
We started Monday’s session with an eye for lower prices. Now that those targets have been met, is it time for a bounce? I think there’s a fair chance, but I’m going to let price prove it to me first.