fehro wrote:hmmmm AAPL 30m & Weekly.. that weekly looks sick.. inverted hammer.. at this level.. minor H&S target if LOD goes.. 106 near the 20d 106.78
seems FB wants to copy.. AAPL 30m H&S D inverted hammer
MACD bearish cross a couple days ago with apparent confirmation now. Pairing that bearish cross WITH a bullish cross of the 50 dma by the bb dma and its a really strong indicator price will be at the lower bb soon. Williams %r also falling apart.
Just looks ugly now.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
MACD bearish cross a couple days ago with apparent confirmation now. Pairing that bearish cross WITH a bullish cross of the 50 dma by the bb dma and its a really strong indicator price will be at the lower bb soon. Williams %r also falling apart.
fehro wrote:SPX 2052 goes.. look for possible 2039.73 20d, that breaks 2030 50w SMA, then 2015 200d, also trend line support near 2040, 2018ish. Mind the VIX invs H&S 15.80 neckline key, break above that.. .. engage seat belts
50w SPX 2029.79.. bulls key support.. SPY 50w 203.03 VIX into resistance of sorts..
MACD bearish cross a couple days ago with apparent confirmation now. Pairing that bearish cross WITH a bullish cross of the 50 dma by the bb dma and its a really strong indicator price will be at the lower bb soon. Williams %r also falling apart.
Just looks ugly now.
what is target?
lower bb is technically minimum target. Could exceed. I usually get out earlier (and perhaps leave a runner). Unfortunately it has taken so long to get a correction going that the lower bb is up to 199.50, so not a huge profit.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
not quite a 50w tag.. so up first to test 20d again? ... or late sell off to close on the 50w? - almost at 20d 2042.21 - bulls want to close above that level.. bears below
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