AAPL starts our week off with earnings coming out after the close. The run this stock has made over the weeks has been amazing. I'd hate to see what happens if they disappoint.
Recently price has rounded off, likely a result of profits being taken with that big wall of overhead resistance looming.FCX - earnings on Wednesday. The past week left price in a doji star pattern.FCX has had quite the run after putting in it's rounded bottom. Currently looks a bit congested at the top of that trend line and at a strong level of resistance.
Price currently sits within a congestion level, look for a strong move in either direction.WFC - earnings out Wednesday before the open. This is on wacky weekly chart!
The daily shows price recently breaking out of that base and now coming down for a re-test of that $29.5 number.While the 30- shows the most recent downside momentum cutting very deep, while price remained holding a higher low.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at email@example.com
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