10 & 2 year treasuries just uninverted after a long time being inverted. This is occurring right as unemployment looks set to increase to 4.5% and above. Expecting more market panic and this may potentially be the first clear signs of a recession. VIX quite high and market may be creating some of the first lower highs in a long time, indicating a bear market.
10 year looks to be heading to 5 or 5.5 %. MACD and RSI showing upward trend on weekly still. Upward fib extension looks to retest previous high or beyond if Fed doesn’t lower rates anytime soon. Looking for CPI prints to see whether Inflation is going back up which may impact 10 year and I believe the market will continue down while 10 year heads upwards so I’m...
MACD & RSI crossed up on a weekly, price action confirms reversal, long till resistance!
Market is still trending down, clear resistance point for a short down to 360.
Wider perspective from previous post
Triangle breakout to next fib level at 55. MACD R RSI are up on weekly, may break to all new highs past 60.
Triangle breakout to next fib lvl at 60, strong uptrend.
MACD & RSI on weekly crossing up, broke the downtrend and is getting some volume. Price action confirms break upwards, will see how it tests fib levels.
SPY looks like it's in a triangle, if you draw point A at 415, point B at 420, point C at 418, point D at 420, makes a triangle for support at 419 then breakout June 1 on 30 min view
Tesla got denied again around 700 today, may head down to 610 area by April 12 and complete the triangle breakout around 420. What do you guys think?
Starting to notice a trend on solar stocks, building support along trend lines and MACD is starting to flatten out on weekly view, indicating a reversal pretty soon. These were the first to start underperforming when people went to value stocks.
Watch that margin, definitely appears to be a bear market for now.
Got that head & shoulders, as well MACD is heading upwards on all time frames. Today would be a make or break, but the Fed isn't going to raise interest rates for a while. I could see it heading up to 800 - 900 resistance area, however will want to consider how Volkswagen can impact sentiment on Tesla. I just swing trade so looking for around a 30% gain in the...
This rally has been holding up strong, could definitely become overbought after 4000, going to start reducing exposure around there. Definitely concerned about how bad the next drop could be. Make sure to watch that margin everyone!
Potential consolidation at 4050, and a worst case drop down to 3800. May want to reduce exposure around 4050 and definitely reduce margin and take some profits around then. Be careful especially with that margin!
Been a rough few days but it appears we may have a reached a bottom, especially with the stimulus that may pump up the market. I'm hoping it will start to rally up past 4000. What do you all think?
DOGE can be a bit unpredictable but I’m seeing a head n shoulders and a triangle breakout now, should hopefully be where it gets the boost
Strong rally starting now, already broke 0.07 and may very quickly get to 0.08.