HSI, .SPX, BABA, JD& SBET Welcome Recovery Momentum!

Jake_Wujastyk
07-20

Hello everyone! Today i want to share some technical analysis with you!

1.

$SharpLink Gaming(SBET)$ Talk about a launchpad...

This could potentially pull an SBET type move.

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2.

$JD.com(JD)$ Beautiful setup on the monthly candle.

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3.

$Alibaba(BABA)$ When in doubt, zoom out.

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4.

$S&P 500(.SPX)$ Weekend update.

After a slight pullback today from the open, we are back to pretty much even on the day. Overall, a daily close above the previous high of $627.86 technically triggers the next upside target which is the 1.618 extension of the July 15-16th measured move at $633.92.

The weekly candle chart is showing a volume shelf setup here too with a pretty decent looking weekly candle as of this post. There is a volume gap below to be aware of but at this point, this is a pretty solid look for higher.

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5.

$HSI(HSI)$ $iShares China Large-Cap ETF(FXI)$ China breaking out.

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