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
This is why the interest rates going up is so bad for the economy, and almost inevitable it breaks something in the system....Declining tax revenue, parabolic interest payments, and spending that has yet to cool down. $STUDY Declining channel seeing an upside break for $BAC following its earnings. $27-30 will still be a difficult price
Volatility Index (VIX) Bears 11 times in a row continue to reject any movement above this threshold. Riot Platforms (RIOT) with tight consolidation and continues to get rejected on the breakout attempts. Heavy resistance at the 200-day moving average as well. Strong potential for a downside break. US 10 year treasury yield (TNX) Another jump
Massive rally in $GLD today pushing it above two separate resistance levels today. Watch as it tests the 200-day moving average now $VIX with a break back above major resistance. Key is to hold that level into the close. Rising resistance could prove important next week. A new layer of resistance is forming for $JPM
$GLD getting some push back here at the resistance from the broken descending triangle $XLE Watching for a pullback to the rising trend-line here. $IWM broke the rising trend-line today, and looking at another test of major price level support. Below that, watch for October '22 lows retest. $TPST Couldn't have seen that one coming...