UTX: Pros Set Up for Earnings Today While Dark Pools RotateUnited Technologies Corp Weekly Chart removes the white noise of the daily candlestick patterns, revealing a cleaner perspective of who controls price for this stock. UTX is bouncing up after hitting support levels AND with professional traders setting up for earnings news. The precision trading of the professionals is not impacted by the slow hidden rotation pattern revealed by the Accumulation/Distribution indicator on the weekly scale. As the stock price rose, large-lot Dark Pools sold (rotation), hiding their activity. The rotation is not about this report; those buying and selling adjustments occurred in November and December. This rotation is about the first quarter earnings report for 2019, which will come out in April. Dark Pools make decisions 1-3 months ahead of the earnings reports. Today UTX is reporting last year’s results, ancient history for the Dark Pools. The pro traders are gearing up for HFT action on this high-profile stock.
Supportlines
LRCX: Dark Pool & Professional Trader Patterns Ahead of EarningsLRCX has an important technical pattern. The stock chart is technically precise. Lines drawn on a weekly chart match perfectly to daily support levels. This is not always the case. The technical precision of certain areas of this chart shows where the professionals have entered and exited. The ability to see the footprints of Dark Pools and Professional Traders is what I have termed Spatial Pattern Recognition Skills for Traders™. This technical analysis skill makes a huge difference in your end-of-year profitability from trading stocks whether you day, swing, position, momentum or intermediate-term trade.
CHFJPY TRADE OPPORTUNITYCHFJPY is setting up to make a crucial descision in the next few days. We are approaching a key support trendline and the interaction we get will be important. There are two ways of drawing the support line so I posted them both and you guys can determine which one you like better. If we are going to move up, we will probably form some type of reversal pattern indicating the move. As always guys, make sure to follow me so I know you guys like the content!!:D Much Love!