06.27.16 – some strong momentum today caused this pattern to get sliced thru and closed below. would have “hoped” for some strong support. However, there are targets lower – so watch those. also, note the xlp/$nya ratio … the banks will rally w/ any broad equity market rally (or they should) so not ready to call this “done” . For now, a close below the old low on a daily basis makes this wrong.
Watch the XLP/NYA ratio, the XLP looking for support at the.618 swing and the lower targets on SIVB before throwing in the towell.
was cruising Stocktwits (@stocktwits http://www.stocktwits.com) and saw Howard had posted SIVB. When I don’t know a stock or ticker I like to go play around. WOW, this is a beauty.
it’s a PERFECT BUY pattern in/around 86.09-86.25. OK, 86-87. check it out …