Triangle of Micron Technology

• Micron Technology is showing a triangle pattern in its daily time frame.
• Breakout above the resistance line should sustain above 8.3 levels.
• Break below the support line will favor bears.
• S&P 500 WEEKEND UPDATE
  
  

S&P 500 Weekend Analysis

DAILY CHART OF SPX

WEEKLY CHART OF SPX

• Daily chart is trending up above the trend line and the 20 day moving average.
• Positional longs will be safe until price stands above the trend line in daily chart and the 20 day moving average.
• Weekly chart is showing a bearish pattern. a rising wedge which is a bearish reversal pattern. 
• NFLX WEEKEND UPDATE

NFLX Weekend update

DAILY CHART

DAILY CHART

WEEKLY CHART

WEEKLY CHART

• NFLX Daily chart is looking negative with price breaking a trend line support and its 50 day moving average. This price action will be negative in the short term and will favor bears.
• Weekly chart is also showing a trend line beak. Trend in  Weekly chart can change completely if price breaks and close below 20 week moving average.