Last week, we rejected the daily gap zone @104.8 pretty strongly and created a new hourly gap now. As long as we hold this newly created zone, I expect equities to run higher. Watch 104.55 for a potential reversal. (buy signal on equities) Ultimately think we shoot for 104 before any real bounce occurs.
Not too much to update here as we are still stuck in a range as expected. We got a new low last Wednesday with strong buyside reaction. Very trappy PA. This week, I would ideally like to see buyside liquidity @79.96 get taken and buy the retracement to catch a move higher. Area of interest below @77.85.
Was expecting a dip, however we ripped out of the bull flag. New path of interest will be taking new highs before a buyable dip. That's where I will be interested in playing again.
Same idea here as $ES. One thing to note though, is there is relative weakness here compared to $ES. We failed to retake Friday's premarket high on $NQ. We did create a gap of interest below around 598, however the setup isn't as strong. Break of Friday's low @545 and I am interested in buying the dip @489 for strong support.
Last week, we were expecting a dip and rip. That is exactly what we got! However we dipped a bit less than expected, hence why I never alerted a big buy signal. Missed the easy move to new all time highs. On Friday, we saw end of day strength, creating a few gaps of interest below. Lower time frame areas of interest around 5317 and 5310 looking for support. If...
Not alot of update from last week's chart. We have been creating a base in daily demand zone (green zone) and consolidating as expected. This week, I would like to see some movement to the upside. A break of $80 upside confirms trend for me with first macro target at $83-84.
EQNR Daily Chart ___ Looks like larger corrective W4 is in. Seeing some bearish divergence on the smaller degree, and could expect a pullback/rejection from upper TL.. Hope this helps!
Very interested in this one. Lots of people calling for upside, however I believe we are due for a retrace. Targeting $240 area as long as $281 high holds.
Not a name I really trade often, however I like the R/R down here. Big falling wedge into Fibonacci support, demand zone and TL support. Potential flat for W4 nearing completion.
Still channeling after it's monster earnings gap up. Seeing potential reversal off of demand here. However loss of crucial $426 area, we can see sub-400s fast.
One of the longest red streaks we've seen on this name in awhile.. due for a relief bounce soon. However, I can only count 3 waves down so far from the 9/5 high.
Close to filling the falling wedge to complete W4. Will be keeping my eyes on it around $96
$TSLA Very bullish on this name for the next couple weeks. Expecting $1000 quick, before a cool down and next leg higher. 📈$908 | $925, $950, $975, $1000 📉$865 | $850, $825, $800
$NVDA Upside is limited here imo. Expecting a hard rejection for a healthy retrace. Ideal area for bids in $230s. Overall weekly chart is still screaming bullish though. 📈$270 | $280, $290, $300 📉$270 (reject) | $260, $250, $240, $230
$MSFT Played upside on this one last week from $290 for a 10 point move. Expecting some cool down before the next leg higher. 📈$302 | $305, $310, $315 📉$288 | $285, $280, $275
$IWM Relative strength in small caps here. Broke above downtrend from ATH, looking for continuation. 📈$209.15 | $215, $220, $226 📉$204 | $200, $195, $190
$BAC Broke downtrend last week, let's see if we can find continuation this week. 📈$43.05 | $44, $45, $46 📉$42 | $41, $40, $38
$AMD Watching for strength above $115.50 to hit targets above at $120, $125, $130.