shorts still must cover. lots of institutions still short USO
the descending price channel is very easy to see. we are at support. retail trader is trying to short this now. price is headed higher from here.
don't fight it. it is coming down
shorts must cover folks
do your dd on GOSY. very undervalued. outperforming the market
Friday's price action was interesting. volume was low, but, price did confirm the bullish momentum shift of the macd histograms that occurred on Sept. 18th. that is a buy signal for a technician. look for an uptick in volume Monday, and follow thru to the upside. price wants to move higher folks. it would be wise to gobble up a few more shares before price breaks above .01 and doesn't look back
9% short will fuel this rally
significant fib level, and in the area of the 200 week moving average. both will be tested during this bear market. also, there is a very good chance the 50 month moving average will be tested, currently at 1686. go and a put this note on your fridge. I hope you make money.
the SPX breaks down from triangle tonight/tomorrow, she will throw a tantrum before the fed decision. it doesn't matter what the fed does, because that triangle will probably get backtested on Thursday with the fed decision. everyone is saying the market will go down on thursday, no matter the decision. I think the opposite happens because it will have already gone down. after the backtest (retail buying and short covering), the market will collapse. that's how I see this playing out. down big Tuesday and Wednesday. up big Thursday. retail traders will get left holding the bag next week as the bear market resumes. SPX needs to get to 1730 area, to test the 38.2% fib and the 200 week moving average. the weekly macd and signal line both below zero now. plenty of downside to come still.
enjoy your football today, but do you homework on GOSY tonight
I think the bears are on the wrong side of this trade now
the macd is about to get a bearish crossover, with the signal line comfortably below zero. the market is subject to a crash tomorrow, as bidders will be few
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