Earnings report tomorrow morning. Should be pretty abysmal....covid, copper not doing so hot, revenue should be down with mine closures and low consumption/need for copper. Took some put positions EOD today. Lets see what happens. Technical rationale on the chart.
The "eyes" are my potential targets for tomorrow.
Questions/comments welcome.
Full send or no send.
The "eyes" are my potential targets for tomorrow.
Questions/comments welcome.
Full send or no send.
Note
tradingview.com/chart/RGQXFDbR/8 period RSI and MFI are in no mans land, around 50. The mid point usually causes a reaction and I expect them to turn down.
Note
This is the correct link/imageNote
As you can see I was wrong about the earnings gap direction. I need to do more studying as I am still learning how to appropriately draw Gann angles. Looking at a weekly chart, perhaps we get closer to the 50% retracement and Gann angle resistance and then turn down.
Indices look ready to turn over next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.