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Linda Raschke observes that there are not many new interesting trading opportunities identified for tomorrow in the indexes. She highlights that Harley-Davidson (HOG) recently completed a textbook 5 SMA buy setup, which has now played out. Raschke adds that a similar setup is expected for Micron for the upcoming session.
Traders following Raschke's signals may look for opportunities in Micron after the positive technical pattern highlighted.
Raschke has previously noted silver closing above its 5 SMA after a breakout, suggesting possible further momentum in that market. Earlier, she pointed to potential for GC and SI to rally above the February swing low after extended declines. Her signals often identify technical setups following notable price moves.