Above is the inverted weekly chart for aapl. On a normal chart this would be a strong buy (and in the case of apple, a buy on the inverted would be a sell). We have a doji like candle on increased volume. We had very chaotic action this week hitting ATH on Monday, pulling back 2.5%, hitting a new ATH again and then pulling back. There is definitely a fight between...
Looks like we have a bounce on QQQ. We can see QQQ hit 4h 50 ema two times and bounced off on high volume. I don't like using intraday volume on QQQ since the data is not the best so to confirm I looked at NQ futures to see that there was big volume on the bounces. It looks like there was a lot of volume there so any sells were picked up by buyers; no follow...
I used ES here as ES has the best intraday volume read in hindsight as opposed to the CFDs and SPY (SPY daily/W/M volume is fine but noticed intraday volume is only from one data source). 1) The case here is that we have a bounce on the 50 EMA on the daily on high volume. We need to see continuation but at minimum we see a large uptick in volume meaning there...