UNH trade 4/1/20
market outlook:
-Vixcentral: contango, no overt flattening of curve from M1-3 for the past week
-VIX bouncing between 22-24 the past week which may indicate slow steady growth of SPY
-SPY on up-trend, not overextended based on 20EMA
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UNH - united health grp
Almost correlates to SPY - went down when SPY went down but did not recover as much as the SPY in the past few months
On 1H chart,
a) just broke out of a 2 week triangle
b) just crossed a resistance
c) Crossed resistance with a hammer
d) Crossed resistance with high volume and a volume ramp
e) prior to hammer, there was a series of 4 green candlesticks that almost looks like 3 white solders pattern
-Vixcentral: contango, no overt flattening of curve from M1-3 for the past week
-VIX bouncing between 22-24 the past week which may indicate slow steady growth of SPY
-SPY on up-trend, not overextended based on 20EMA
=============
UNH - united health grp
Almost correlates to SPY - went down when SPY went down but did not recover as much as the SPY in the past few months
On 1H chart,
a) just broke out of a 2 week triangle
b) just crossed a resistance
c) Crossed resistance with a hammer
d) Crossed resistance with high volume and a volume ramp
e) prior to hammer, there was a series of 4 green candlesticks that almost looks like 3 white solders pattern
כתב ויתור
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