Lombard Street at night. (San Francisco). Photo by Gabe Rodriguez.
SPY when yesterdays final volume numbers were tallied, the S&P 500 chalked up its sixth distribution day in only the last 17 sessions.
TNA looks quite similar to IWM which is bullish on the Monthly chart. The Daily chart looks like it wants to retest the horizontal resistance from 72.50-70.50.
BTCUSD The fractal wedge paterns are still holding to formation. The MACD of this 4 hour chart itself is also moving within a contracting set of boundaries. Is a crash scenario more likely or a breakout? I believe the latter; once the pattern is complete.
BTCUSD rice is pretty much sitting on the top white line and this needs to hold as support. IF it is decisively breached, then the second line of support is projecting $3,800 to $4,200 or regions.
JD was notably strong, +1.9% at $44.94. A push >psy’50 looks due, as like BABA, this one might get listed on the Chinese market this summer.
BIDU weekly to go with
WUBA heavy volume bounce after testing prior resistance now support around 80. Still working on its cup base.
