UseTheSchwartz

UseTheSchwartz

TSLA looks poised to fill its gap-down after seeing almost a week straight of positive PA, which would coincide with the gap in the Visible Range Volume Profile. This is a short-term trade idea, as TSLA from a purely technical standpoint appears to be in a longer-term Descending Triangle, with its lower support having already been broken, and its ultimate...

UseTheSchwartz Updated 

SPY appears from this chart to be in a long falling wedge, a generally bullish pattern with price target at the yellow dashed line. At time of writing, SPY is about to open for the 11/01/2023 trading day, with Fed action likely to determine immediate direction. If PA can break above and hold above the red macro support line at 420.18, it could signal an intraday...

UseTheSchwartz Updated 

Unqualified prediction: SPY looks to be rolling over on the 1hr with multiple historical zones of support and resistance overlapping in a concentrated range (specified in-chart.) This in a TA sense would indicate a potential fight between buyers and sellers for control of price action, but macroeconomic fundamentals and geopolitical concerns, as well as ER...

UseTheSchwartz Updated 

A well-diversified retailer is still a retailer. Predicting downside from GPS as economic tailwinds follow an unconvincing bull case from political figureheads. Not FA. Always DYOR.

UseTheSchwartz

This chart is just bleak. That's it. That's the idea.

UseTheSchwartz

FL represents a perfect storm of retail maladies, and recent PA shows historical supports providing little resistance to its downward thrusts. Weak buying coming in fits and starts. Not FA. Always DYOR.