OKTA Pattern Looks Bearish

OKTA Pattern Looks Bearish

The OKTA pattern looks bearish with a target around $46.60. The chart is showing us three failed tops, a Shooting Star that helped to kick off a Blue ice failure. Price has also broken below the T-Line Regression Lines. If price can’t take the 50-SMA back price may have to fall to about $46.60 to find safety and buyers.

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SPY • SP-500 What a Mess!

With over 740 earning reports this weak you would think the market would shake rattle and roll. This morning the futures are very slightly up ( no clue there). Friday price closed on the 200-SMA. The price pattern is drawing something, either a British “H” pattern or the second low in a Bullish reversal. There is not enough information to see clearly.

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****VXX – The VXX chart is trying to put together a bullish J-Hook, right now the 200-SMA is keeping the monster back.

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