Tag: bearish

El Tigre Watchlist, Tuesday July 19th, 2022

Bank and Tech companies kick off earning season for Quarter 2 of 2022. Apple, $AAPL (daily) Rejecting the $152 level, falling out of a rising wedge. Below $147, we can see $141 come very quick. I like $145puts for this week or $140 for next week / two weeks out. This rejection of the $152 […]

El Tigre Watchlist, Monday July 18th, 2022

$SPX (monthly, log scale) following the strong bearish candle close below the key purple trendline extending from 1985 with close below monthly 5/9/20ema converged. Current monthly candle appears to be taking a break as we have been consolidating in range for the past 5 weeks.   The purple trendline extending from 1985 has been a […]

El Tigre Watchlist, Tuesday July 12th, 2022

$SPX (weekly) we have been consolidating sideways for the past 4 weeks and that’s clear on the weekly timeframe. Last week’s candle close did not provide us with a clear direction as the weekly candle closed in the range of the prior week. For the last 4 weeks, we have been slowly consolidating towards the […]