Major support where $MSOS is attempting to bounce higher from. Any play to the upside is worth being aggressive with profit taking. $VZ pushing up against two significant layers of resistance: 1) Declining trend-line, and 2) price level resistance. Currently being tested, but neither broken as of yet. $ELF textbook bear flag breakdown confirmed to
Despite a double beat, SoFi Technologies (SOFI) was unable to push through declining resistance. CBOE Market Volatility Index (VIX) giving up a lot of its gains from the past three days. A break back below support could signal a dead-cat bounce for equities underway. Become a Self-Made Trader Today: Two developments in Rivian Automotive (RIVN)
Long-term support on Ford Motor (F) broken today. This is a scenario where trying to guess at where support might loom is not worth it. Best to let the stock start to base first instead of guessing where it might bounce. Financial Sector (XLE) nearing a potential bounce area here. Alphabet (GOOGL) slicing
MO getting steamrolled post earnings, but may find some support here off of long-term rising trend-line at $36. A lot of chasing taking place in SAVA over the last two days, but you'll want to be mindful, if long, that there is some heavy resistance looming above. LLY looks like it is on a crash
SoFi Technologies (SOFI) Possible bullish wedge trying to form, but with price testing support, could be setting up for the next leg lower, which has very little support until sub-$5 Big move here out of CBOE Market Volatility Index (VIX) today. May be setting up for another move up to 30. Holding support and bouncing
Mara (MARA) hitting up against some short-term resistance. Should it break through watch old trend-line resistance. Spotify Technology (SPOT) tested rising trend-line on Monday, and following earnings, had a strong bounce. Break July highs would establish higher high and the continuation of the existing trend. Nice gap above the resistance on Coinbase Global
AT&T (T) getting resisted by heavy resistance above. Now filling the gap, look for whether it can find a bounce opportunity off of rising support from July lows. Coinbase Global (COIN) nearing some important resistance here. Watch for a potential breakout, but extremely important that it closes above this level, and not just an intraday
Incredible run for $GLD of late, but on the weekly chart be aware of heavy multi-year resistance that looms just above $190. If it can break through, that is huge, but expect there to be a struggle at this level. Just when you think $PYPL can't go any lower, it breaks another important support level,
CBOE 10-year Treasury Yield Index (TNX) pushing through resistance here. Significant resistance breach, and about to hit 5%. SoFi Technologies (SOFI) Price breaking back below major support levels. A significant market sell-off could take SOFI back below $5. Triangle pattern in Healthcare Sector (XLV) nearing a break to the downside. Bounce play if
That is a ton of put buying going on with $TSLA today. Still not a reason for me to play earnings though. Rising trend-line on $TSLA beginning to break down ahead of the its earnings report. $CBRL 25 year support level holding up so far and allowing for a bounce to materialize. Key moment for