Earnings report tomorrow morning. Should be pretty abysmal....covid, copper not doing so hot, revenue should be down with mine closures and low consumption/need for copper. Took some put positions EOD today. Lets see what happens. Technical rationale on the chart.
The "eyes" are my potential targets for tomorrow.
Questions/comments welcome.
Full send or no send.
The "eyes" are my potential targets for tomorrow.
Questions/comments welcome.
Full send or no send.
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This is the correct link/image
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As you can see I was wrong about the earnings gap direction. I need to do more studying as I am still learning how to appropriately draw Gann angles.
Looking at a weekly chart, perhaps we get closer to the 50% retracement and Gann angle resistance and then turn down.
Indices look ready to turn over next week.
Looking at a weekly chart, perhaps we get closer to the 50% retracement and Gann angle resistance and then turn down.
Indices look ready to turn over next week.
8 period RSI and MFI are in no mans land, around 50. The mid point usually causes a reaction and I expect them to turn down.