FTNT cycle structure is positive and stock is acting well; short-term bias is neutral with slight bearish RS/stalling.

Let's go ahead and jump over to FT&T and we will type in FTNT to see that bias here. You can see on the short term also neutral. Now, FTNT a little bit interesting here because you can see it is forming what Slim likes to call high waves where it is trying to move up and is getting a little bit of stalling.

Uh we have a low here that's do 97 around 119. RS is also negative a little bit right it's uh slightly bearish there on um in terms of that angle. So just something to be aware of a little bit weaker versus what we just saw in PANW.

It also had a move down held above that old high and has since made a higher high. So the overall cycle structures are still positive in FT&T. Okay. So acting pretty well. Uh 17051 17657 and then 18427.

You have this old low now at 148.25. Only a loss of that level would would be negative.

You will note that the ASL slim option bias indicator has really been holding yellow here. So that's something to be aware of. uh more of a neutral state for now uh as per the option bias indicator.

Now, what you'll also see here is the Aslam MCI is a little weaker, right? Uh, this is sitting right at the upper end of that swing zone. But look at that same setup that happened right here.

Pretty amazing. It moved down. The MCI moved right to the upper end of that swing zone, held and turned up.

So, really great turn that happened at the same time that the MCI went into that plus 25 area. So that's why it's really worth keeping this on your chart uh to understand when you could be at one of those key turns, right?

Uh so right now uh the overall bias of course is up on the 2hour with the RS positive as is the slim ribbon and the AS slim PO is also starting to get close to that oversold area.

So you can be watching to see if this gives you a follow-through signal on the upside just like what you saw back here.

Watch the most recent swing lows closely in names like PNW, FT&T, CR, WD, those names which have been leaders and and really still are. That is your key line in the sand on the downside to say that there is something else happening here.