Day: July 9, 2022
Type: Bullish RiseKey Levels:Resistance: 6.834Pivot: 6.026Support: 5.382Preferred Case:On the H1, with prices moving above the ichimoku cloud and has broken the descending trendline, we have a bullish bias that price will rise from the pivot at 6.026 in line with the overlap support, 61.8% fibonacci projection and 38.2% fibonacci retracement to the 1st resistance at […]
Type: Bullish BounceKey Levels:Resistance: 3948.5 Pivot: 3862.00Support: 3746.50Preferred Case:On the H4, with price moving in an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 3862.00 in line with the pullback support and 100% fibonacci projection to the 1st resistance at 3948.5 at […]
Last Updated: July 8, 2022 at 2:24 p.m. ET First Published: July 8, 2022 at 2:23 p.m. ET Shoppers at a grocery store in Washington, D.C., last month. Stefani Reynolds/Agence France-Presse/Getty Images Following an unexpectedly robust jobs report that had many dismissing fears of a U.S. recession, a line of thinking re-emerged in some parts […]
Shares of Apple Inc. AAPL, +0.47% rose 0.8% in afternoon trading Friday, putting them on track to close above the widely followed 50-day moving average (DMA) for second straight session. The last time the technology behemoth’s stock closed in back-to-back sessions above that key technical level, which many chart watchers view as a shorter-term trend […]
Stocks end mostly lower Friday after a strong June jobs report, while still booking solid gains in the first full trading week of July. The Dow Jones Industrial Average DJIA, -0.15% shed about 45 points, or 0.1%, ending near 31,339. The S&P 500 index SXP, -2.94% fell 0.1%, while the Nasdaq Composite Index COMP, +0.12% […]
Type: Bearish MomentumKey Levels:Resistance: 129’14’5Pivot: 126’30’5Support: 124’09’0Preferred Case:On the H1, with price moving below the ichimoku cloud , we have a bearish bias that price will drop to the pivot at 126’30’5 in line with the overlap support and 61.8% fibonacci projection. Once there is downside confirmation of price breaking pivot structure, we would expect […]
Type: Bullish RiseKey Levels:Resistance: 891.0Pivot: 850.8Support: 832.0Preferred Case:On the H1, with prices moving above the ichimoku cloud and has broken the descending trendline, we have a bullish bias that price will rise from the pivot at 850.8 in line with the pullback support and 50% fibonacci retracement to the 1st resistance at 891.0 where the […]
Shares of Tesla Inc. TSLA, +2.54% rose 1.3% in the extended session Friday after news that company chief executive Elon Musk wants to abandon his $44 billion agreement to acquire Twitter Inc. TWTR, -5.10%, a deal that would be fueled in part by Tesla shares owned by Musk. Tesla’s stock ended the regular trading day […]