This is straight from last week’s Sunday Prep. Same idea, still looking for that 22-23 to see if a hard flush down there holds for a bounce play.
Straight from the sector analysis section, financial sector looks like it’s pulled back to support and this name is simultaneously retesting it’s recent breakout area as well as the 20d/monthly pivot. Will look to get long with risk under Friday’s lows.
After the big pullback from earnings this chart is looking a lot nicer now. Of course I would prefer a longer base to be built. But we don’t always get what we want. I can really see this being 220-225 near-term. Looking for a quick pullback/morning weakness to put us right in that 202 area for a scoop. If instead wants to gap up or just push hard off the open, I...
Bitcoin staying bullish here with continued higher lows followed by higher highs. We are now testing that ever-so important psychological level, 50k. If they can get through here and continue to push, the next area of interest is the quarterly pivot at 57k which is a retest of the last long trigger it had before the big fail that resulted in the crypto rolling...
JUST like the it’s S&P counterpart, we got that retrace right to the 50d which held and bounced. And just like the S&P, the idea is the same. Retraces back to those levels will be the used as the key support areas. Below that I would look for July’s lows to be support. To the upside we have ATHs as the first area of resistance and after that we have the monthly...
Got the big flush down to the 50d/monthly pivot which held almost to the T. Will be watching for pullbacks to those levels as key support this week. Below that and there’s not much in the way of support till the monthly pivot/annual pivot area around 4270s. We have ATHs as the first area of resistance and after that maybe we finally test that 4500 area.