To The Moon

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I’ve been very busy this week, so this is the first, and likely only newsletter for this week. Let’s review a few names:

Interactive Brokers Group, Inc. (NASDAQ: IBKR)

IBKR continues to reject off the 73 area, which has a confluence of resistances - namely the 2025 prior ATH at 73.35 and the 1.618 Fib at 73.04. Bearish stochastic crossovers have occurred on the monthly and weekly charts as well.

Recently, IBKR lost the 67.13 prior monthly imbalance level and turned it into resistance.

If IBKR is unable to reclaim the 67.13 level, then it likely sees downside continuation into the blue support trendline as well as the unfilled 55.62-58.95 quarterly imbalance. Supports lower down have also been drawn out in the event that IBKR breaks trend.

Otherwise, if IBKR reclaims the 67.13 level, then it can range up into the 73.04-73.35 area once more.

Note that if 73.35 turns into support, then IBKR could see further continuation into the next Fib level at 112.97.

Lumentum Holdings, Inc. (NASDAQ: LITE)

LITE is one of the newest constituents of the S&P 500 - it was added following this quarter's rebalancing.

It's currently trading between its 1.618 Fib at 627.94 and its 2.618 Fib at 994.19. Higher timeframes are all in extreme overbought territory (weekly and higher) on the RSI.

Following Friday's session, LITE formed a bearish imbalance on the daily chart at 732.83-763.11.

If this bearish imbalance is not turned into support, then LITE likely sees further downside continuation into the blue trendline and/or the 628-652 area, where the Fib level and weekly support sit respectively. Supports further down have been drawn in the event of a breakdown.

If LITE reclaims this 763.11 level and turns it into support, then it could continue pushing further into the 994.19 Fib level.

Singapore Exchange Ltd. (SGX: S68)

S68 broke above the 2007 prior ATH of 17.20 and is currently in a price discovery phase. That being said, it is trading within the green ascending channel as seen in the weekly chart.

If S68 breaks above the channel resistance, then it can continue its price discovery into the 1.618 Fib extension at 27.29.

If S68 rejects at this channel resistance, then it likely retraces back into the weekly imbalance at 18.55-18.70. A breakdown here could see a deeper retracement back into channel support, with possible confluence at the monthly imbalance at 17.32-17.43.

Note that if S68 breaks down below the 17.20 prior ATH, then it could start filling the multiple unfilled higher timeframe imbalances below.

@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger

$Interactive Brokers(IBKR)$ $Lumentum(LITE)$ $SGX(S68.SI)$ $Apple(AAPL)$ $Applied Optoelectronics(AAOI)$