$TH toying with major support on a descending triangle pattern. If Broken, could quickly see single digits.
Here's why I try to avoid trading the moves that come from FOMC day. Tons of reversals. SPY & SPX Airbnb (ABNB) confirming the wedge pattern with a breakdown today. Converging support levels to watch on a pullback in Healthcare ETF (XLV). Watch declining resistance on DraftKings (DKNG). Big test here for the stock.
AMZN with an ugly break of long-term support. SOFI price action unable to sustain the move above resistance. Watch for it to close the gap. The SNAP pop isn't worth trusting as long as it remains below declining resistance just overhead. LLY rising trend-line off of September lows could be tested here really soon.
$SCHW pushing through resistance. Strong move.
Watch this resistance on $SHOP that is being tested.
Watch for the break on this declining trend-line on SPDR Gold Trust (GLD) as a possible long position if the dollar breaks down. Invesco US Dollar Index (UUP) may be eye-ballin' a return to the rising trend-line. Netflix (NFLX) finally breaking above the 200 day moving average and attempting to fill the rest of the
$SNAP is another reason why I don’t gamble on earnings!
Not much going for Airbnb (ABNB) until it can break out of the ascending triangle pattern. Chevron (CVX) breaking through multiple layers of resistance today. Plug Power (PLUG) breaking the rising trend-line going back to May isn't a good look for this stock going forward. Netflix (NFLX) gapped through resistance and into the gap.
$SCHW with double top confirmed on the intraday post earnings.