splk is fine if 44 holds, otherwise its 41. resistance 51. i haven't been swinging as much, mostly daytrading only and if i do swing overnight i have a hedge.
made it to tgt & quickly rolled over. i should've clarified the time frame the pattern was on was the hourly chart. sorry about that, i'm usually clearer. the longer term pattern is a h/s. mkt is weak, if it closes below 1875-1880ish will be in big trouble. ideally i would like to see a retest of lows and holding similar to the dbl bottom scenario in aug/sept so keep an eye on that.
as always needs confirmation but there are a couple other signs like rsi divergence on daily.
looking for consolidation here or a bounce up to the 1920 area maybe even 1940-1950ish.
have a good weekend.
hey kandunn, today def looked exhaustive. need a wkly close above 1867.
aapl lt supp held at 92-95ish. so did tsla 187-192ish, and lnkd 183-187ish.
there's fear but still nothing like what we saw in august. even with all the selling, vix just got to 30 today.
in august, it was above 50. a lot of people are waiting for a big vix spike before buying.
been awhile sine we talked about oil so u may not remember but there's a h/s. it's almost to full tgt which is roughly 25.
hey kandunn, been awhile. hope u enjoyed the holidays.
yes it looks bad but earnings are here now and for the first time in a while most companies are heading into it in oversold territory