ARKK near 1st. profit target
On May 6th, I posed here that ARKK was near strong support on the YP & QS1 pivot points. Now it's close to my 1st. profit target at the QP. Good spot to reduce some risk.
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SPCE up almost 200% in 1 month
SPCE look for resistance here at the QP & Yr1 pivot points. Yr1 is a good spot to reduce or hedge risk.
COIN testing 1st. monthly support
Coinbase (COIN) is a new IPO so we don't have very many pivot points to work with yet. In June, the Fibonacci monthly S1 pivot has caught the fall. This week, look for Ws3 back to the WP.
ETHE near the Yearly Pivot(YP)
ETHE the Yearly R2 pivot back to the Yearly pivot(YP) = textbook algorithmic move. Look for strong support on the YP.
Dow Jones support 32,500-32K
Look for support on the Dow Jones index DJIA at 32,500 to 32,000.
SKEW index at Yr1 resistance
The SKEW index is flashing WARNING at the Yearly R1 pivot points.
XLE is near resistance
The XLE so far this quarter, the QP to the Qrtly R1 pivot point. Looking for stronger resistance at the Yearly R1 pivot point.
Dow Jones double top at Yr1⚠
The Dow Jones index (DJIA) is struggling at the Yearly R1 pivot point. Look for a big fall soon!
GE at strong resistance
General Electric stock (GE) is struggling at the Yearly R1 pivot point. Yr1 is a good spot to reduce or hedge risk.
SPCE at profit target
SPCE the Qrtly pivot(QP) is a good spot to take some profits off the table. QS1 to the QP.
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