Using the golden ratio as a price target, and previous magnitudes, HEPA looks primed for a run up to the $8.95-$9.93 range by EOY. The top line of the broadening formation will likely cause resistance and a chance for a nice pullback opportunity. The volume of this stock has dried up as the short volume has. Positive data has caused massive dorking of the stock...
SPX is respecting its upward trends. Play the trends until they signal not to.
SPX continues to its upward trend in the channel it's been respecting since March lows. It also has some activity along the long-term 2008 trend line.
On the monthly, SPX still hovering at the top of the megaphone, about to roll over for the month of December. We'll see what happens in the coming days, perhaps we finally get a leg down.
Price continues to follow the top line of the megaphone. A break down looks likely once support for the last couple days gives way.