In a previous post I mentioned the cancellation of the bearish scenario in JPM and the bullish targets and levels to watch.
Since the end of June we have pointed out the upward potential of $GS
— Alexandros Yfantis (@alexanderYf) June 30, 2019
Now price has broken through the resistance area and we are more confident of a move close to our target of 236$
Financials are breaking above the weekly cloud resistance and above the downward sloping trend line….
Facebook has broken out and above the weekly cloud resistance, back tested it and bounced back upwards making new higher highs. This is a bullish setup.
As long as price holds above the cloud we remain optimistic looking for a move towards 240$
If you follow me on twitter you will also have seen my change in view in $TLT from bullish to bearish.
— Alexandros Yfantis (@alexanderYf) July 9, 2019
TLT has most probably started a reversal on Friday and has a confirmed top. I expect a pull back towards cloud support around the 122$ area.
That is all from me….have a great week everyone!