SMH Short position with stop above recent high Strong Divergence on RSI Good R-R
5
SPY Strong divergence on RSI
6
/NQ Doji on Fri + Lower high Pre market suggest continued chop on lower time frame. Quarter/Monthly/Weekly in flows may change that.
9
Will $SPY breakout or return to channel. Should be a fairly big move if it doesn't fake people out again after 4 months of chop
14
$NKE Small position pre earnings Strong day in down day Triple bottom and tentative break of downtrend
2
77
$TZA Cup n Handle breaking
24
$SPY Downward channel or Bull Flag
1
50
/BTC Interesting point in time. I closed all my shorts and will even consider going long if we break higher. But it's still only a bear flag so flat for now.
3
46
$JPM Seems overextended. I wonder if there traders are shorting this market while margin calling there clients. RSI Divergence line is broken but an Island reversal would be good to indicate a top.
3
46
$TSM Alot of megaphones out there.
3
31
/CL Break of downtrend
1
12
/NQ Channel inside a Channel
14
$XLF Going to take a short position if Mutual Funds Monday gives us a gap higher given the RSI hitting divergence pre earnings following week.
71
$XBI Looks like Late cycle behaviour. 14 monthly green candles RSI above 80 on Monthly chart above 2021 Still might be too early to short with money looking to rotate out of Semis and into $XLV
1
176
/BTC Break of channel needs a weekly close below for confirmation There is Bullish Divergence but the Bearish Divergence continued for years Decline is steep & Mean Reversion would be expected but I will position for 3rd leg down (possibly steeper) Unless downtrend is broken
23
$SMH Megaphone is losing strength the divergence on the RSI is signaling a strong sell at peaks and potential downside. No loss of upward trend at this stage possible short term buy if RSI becomes oversold and trendline hit.
32
$NKE Mean Reversion Basketball Frenzy and World cup madness and maybe an Island reversal
1
5
658
Monthly small caps Megaphone $IWM not bad for a Kshaped economy with low Breath
47
$BABA Looks interesting here before earning. China really underperforming USA even with Ai trade in play
2
91
/NQ 161.8 That was quick
23