Is SPY going to break out to the upside or downside? CHART!
- Thread starter 1a2b3cppp
- Start date
Like clockwork man. You are so predictable. I guess on nights when the futures are up, you take the night off. LOL.
I actually have a small hedged put option vertical trade on the NASDAQ. Let's look at Apple which is one of the generals, I am also following RMBS. Apple starting around Dec 29 trends up to a HH. It then makes a HL and does not violate previous resistance which turned into support. We then see the final HH as of this moment of time above $ 360. of course I am not saying it will never get above this level.
However, we then see previous resistance fails to hold and Apple then makes a LL, but does not go below previous support. It then trends back up to the previous high but does not reach it, so makes a LH, and now is heading back down. I would call this slightly bearish. However, for a true bear to print, Apple needs to take out the support under $ 340/sh.
As for your chart, it is a triangle, and could break either way, but any of the following could cause bearish price action including more war in the Middle East or eventual rising of interest rates.
http://finance.yahoo.com/q/ta?s=AAPL&t=3m&l=on&z=l&q=l&p=&a=&c=
However, we then see previous resistance fails to hold and Apple then makes a LL, but does not go below previous support. It then trends back up to the previous high but does not reach it, so makes a LH, and now is heading back down. I would call this slightly bearish. However, for a true bear to print, Apple needs to take out the support under $ 340/sh.
As for your chart, it is a triangle, and could break either way, but any of the following could cause bearish price action including more war in the Middle East or eventual rising of interest rates.
http://finance.yahoo.com/q/ta?s=AAPL&t=3m&l=on&z=l&q=l&p=&a=&c=
Without you, our market will never go down.I thought you were martingaling?