Will MO, RKLB, GLD, TSLA& .SPX Get Supported?
Hello everyone! Today i want to share some technical analysis with you!
1
$SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$ The opening gap down in futures has been bought the last 4 Monday's in a row.
Time to break the streak or we going for #5?
2
$Tesla Motors(TSLA)$Entering oversold territory on the weekly candle chart as price tests the April pivot VWAP zone.
When the RSI got hit this low last April, price bottomed within 3 weeks. I.e. we may be in for a final capitulation event in the coming weeks.
3
$SPDR Gold ETF(GLD)$ Metals were falling w/ equities for three weeks straight. This was the first week that metals stabilized as the market continued down.
This is generally the first sign of potential short-term stability on the equities side of things.
4
$Rocket Lab USA, Inc.(RKLB)$Notable trend line breakdown last week.
5
$Altria(MO)$Bull flag setup on the weekly candle chart.
High probability people are lighting up more in these conditions... 😂
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