congrats to the bears, and those traders that took profits today on longs, and bought puts. I bought AAPL puts today for tomorrow's down-gapper. they were dirt cheap, which means AAPL longs are way too comfortable
that is a fact. I do believe AAPL will see a new high, as there is no bearish divergence present on the MACD yet. $95 area, end of month target imo
looked like they were shaking the trees, taking out the stop loss orders in a final attempt to accumulate before the massive run. same thing happened a few times with GOSY, and now that one is on the verge of exploding to the upside
measures near 15.50 - 16 area. shorts must cover now
i'm saying, if price dips at all, the shorts should take advantage and cover. the trend is up now. shorts are on the wrong side of this. 28% short now. they should cover and get long SUNE. why cover as price is rising when you could take advantage of a dip or sideways price action?
turn cnbc on mute, because k.finerman and other 'experts' just rode this sucker down from $34 to $8. And most of them loved SUNE above $30 and hated it, recently, near $10.
daily chart: price has not been able to close above the declining 5 day ema since the July 21 gap down. 27 trading sessions in a row, closing below the 5 day ema. that is incredible. the bottom came yesterday morning. it was very obvious. the macd histograms did not confirm the most recent selloff, and the macd is threatening a bullish crossover for the first time since the July 21 bearish crossover. the 5 ema will be broken very soon.
here is what is about to happen next. price is in the progress of forming an inverse head and shoulders bottom. the neckline will be established near $16. Price should get there in the next 5-10rading sessions with the high short interest +20%.
the measured move of this pattern should be met before the end of September. there will be a right shoulder (profit takers) at $16. Expect a decent pullback, probably a week of choppy trade, but the measured move of the pattern is to $23.50 - $24 range. this is in the area of the 61.8% fib retracement. this is also in the area of the 50, 100, and 200 day moving averages.
shorts should cover on any weakness.
artificial intelligence collision avoidance navigation. licensing deal with Softbank for their Pepper robot. robots are the future and GOSY has the best technology
finally we got some solid numbers this morning. thanks in advance. looking to add on any weakness
break about $46.62 triggers the short squeeze. great entry here for buy and hold
congrats to those who bought the fear today
now let's go fill that gap north of $57
SPX weekly chart. this impulse wave from July 2011 bottom to the recent highs has concluded. the MACD and signal line are approaching zero, after 5 bearish divergences, where momentum did not confirm new 52 weeks highs for nearly the past 2 years. the trend is exhausted and will correct similar to the 2011 correction. that was almost 22%. this pullback will make a run at the 200 week moving average, which will be sitting at/near the 38.2% fib retrace level this fall. that level is SPX 1730ish. that is about a 19% drop. when price takes out 1820, from last October, we'll get the mega VIX spike, and put in that bottom near 1730. good luck trading, everyone.
I think the summer correction ended last week. SPY broke north, out of a symmetrical triangle consolidation pattern yesterday. I think BAC price action will surprise most of the followers here, over the next 2 weeks
Technically, the macd and macd signal line are both above zero. the bullish histogram shift occurred Friday. today closed above Friday's high of day. this is a technical buy signal, and is very reliable. technically, the same pattern just occurred with MBLY. there is an analyst upgrade sitting on a desk, waiting for this technical setup. we may see it tomorrow morning. this is a technical call.
when it gets there, CNBC puppets will be most panicked. the technicians will be calm