2021-11-28

First Sunday of Advent Charts Part One

I'm going through my watchlists. These are in no particular order, though each post will be in alphabetical order. These could be buy or sells based on your orientation. One thing I noticed was on charts such as EXAS that are ARKK components, a few of them bounced up above resistance but closed below. a monday morning bounce back to that resistance area followed by a failure would be a nice spot for new bearish positions. The first chart is SPY. That rising wedge looks desinted for a collapse and the cyan lines highlight a gap from way back in April.

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