Spy Intra pennant

Showing a small pennant here.

Sellers were weak today..

QQQ bounced off daily 21ema at 276
Dow Jones bounced off 200sma

I could breakout that pennant and close gap to 390

Or this pattern is a fake out.

Over 388 we close gal at 390..

ISM and jolt tomorrow at 10a.m

Komentar:

Morning... broke to the upside of the pennant.. bullish targets if 390 hold is 392-393 ..

Apple back up to 155 resistance
Msft back up to 234 resistance

Tesla looks really bullish over 230 , meaning it has no resistance until 250.

Amazon looks like it wants to close that earnings gap.

PFE looks bullish to 50$..

Keep in my the economic news at 10a.m

If the market doesn't pullback I'll be playing Amazon or tesla.. But I'm waiting till 10..

Komentar:

Before I forget ES (SPY futures) are overbought on 1hour and 15min.. This usually can lead to a 20-35 point pullback around the open... becareful chasing longs at the open... IMO either scalp or wait to 10 for direction.. good luck