Sunday, July 26, 2020

$SPX - Level of Resistance

SPX is near resistance and is having difficulty with the overhead gap.

Momentum will likely burn off next for some time.  Let's watch as SPX interacts with resistance just above.

Daily Chart

Monday, July 20, 2020

UVXY - Approaching Important Time and Price

Volatility has been subdued, but is quickly approaching an important level.  Volatility will expand into August.

UVXY should be ready by week's end.

Daily Chart

Thursday, July 9, 2020

GUSH - Oil Stock Head and Shoulders

A head and shoulders pattern has formed in Oil stock etf GUSH.

Price is trading at the neckline.  Therefore, a bounce may occur next.

60min Chart