Hopefully, the TLT print a large red candle for the week on the close on Friday which goes straight into a support that would be a strong buy for me.
However, on a larger time frame, the monthly is showing a bullish break out and a retracement buy point. The weight of the evidence is pointing to a big move up!!!!!!
I got 112.41 for the 38.20% Fibonacci retracement which coincides with 112.29. They might bounce it to retest the break down point 116.39 to set the trading range. However, If it closes above 116.39, they may reverse the trend on a cup and handle break out.
I must of leveled up a notch when the market pulled back. Just a few minutes ago I said to myself, "Traders really can't do anything unless they give us a pivot point." Then it became clear to me, there is a well defined trend channel on the daily chart with a well defined price target. I love these moments. Bounce at 112.29!
xjtu-hw, look to the right of this page, can you see the 5 day line chart? That pattern is called a bear flag. In addition, do you know what a bearish head and shoulder pattern in play on the Nasdaq mean? Google, "Head and Shoulder not just a Flaky Pattern," click on the Federal Reserve link, they have done extensive research and their findings show 90% probability of playing out.
The market maker will set the price at a level that will produce the most volume. They make money on the spread between the bid and the ask price. Also, they are legally allowed to buy or short stocks for the house account. Yes, the government knows the market is rigged.
A very long time ago when wireless phone demand was growing, a company called American Tower was a dominant player in the much needed cell tower space.. Although investors were using wireless phones they did not realize that their phones would not work with out cell towers.
During a market sell off believe it or not American Towers went to .25 cents. A similar thing can happen to SNTA.
In addition, the measured move of the pattern coincides with gap fill. Also, when viewed on a line chart it show traces of a small head and shoulder pattern in play. Furthermore, other high flying stocks on the NASDAQ with similar patterns are breaking down in masses.
This stock is rolling over like a good doggy, soon it will bark on command. You'll know when you are in denial, the doggy bag will begin to smell.
When the over all market sells off, everything goes down. What supporting evidence do I have that the worst is yet to come?
Warrior says the wind, chieftain says the trees; read the signs of the chart, and know the time cycle of the circle, it will show you the way.
They explained in detail what happen during the winter shut down, so Monday earnings shouldn't be a surprise. The price of the stock should be pricing in the adjustments. To me tomorrow is a sure thing going up, but Monday, I can't see it.
I'm waiting for the ewz (brazil etf) to hit a support. Also, the brazil consumable etf is very close to a support. I'll try to time my entry.
You may be driving sheep or you may be wondering aimlessly through life and stumble upon the studio of a master. Then and there he will pour out his inspiration. He is a master of certain forces of the mind that he wields with world wide influence and almost unequaled power. He speaks and low lives are changed. Men and women hang upon his words and sun like he becomes the luminous fixture in which innumerous destinies evolve. He has realized not his idol wish, but his ideal.
My target is $60, based on experience. "They laugh at me calling me the frogs dancing master, yet I know I discovered one of the greatest forces of the universe." (Galvini)