Taking a look at Tesla Stock, we can see significant resistance at the $295 level which has been clearly present for more than 2.5 Years since January, 2021... Looking at the 3 Day Stochastic RSI Golden Cross forming, I would not be surprised to see bullish momentum return to NASDAQ:TSLA to push the price towards a retest of $295 once again If bullish momentum...
So, here's what we got happening in the 3 Day chart - Golden Cross on the Stochastic RSI (every golden cross in 2023 was the bottom) - A textbook Dragonfly Doji candle printing - Bottom identified right along the 50 DMA (Holding strong as of August 22, 2023) I will be now watching for retests of the upside targets such as 240 - 257, possibly 270 depending on...
Compared to AMEX:SPY on the same chart, it looks like QQQ is nearing its bottom! I've outlined 2 support structures with different scenarios given we also have a 3 day golden cross forming for the FIRST TIME SINCE JANUARY 7, 2010 !!!! Scenario #1: 363 was the bottom, a Bullish engulfing candle prints to reverse the trend This is the optimistic scenario...
We still could have some potential pain for SPY ahead of us within the next 1 - 2 weeks I believe 426 - 431 could be the bottom for this pull back before returning to 460 & ATHs Your worst case scenario is 420, and most of you seem to forget that not even 3 MONTHS AGO, we were CHANTING for SPY 420 in Sickboytrades University Before we actually got there & went...
Following a collapse of the 240 support structure, It's looking likely that 217 is the next support target we will hit, our previous yearly high before 299 217 is support structure 1 208 is support structure 2 If all fails... 150 & below
The 3 Day stochastic RSI is just DAYS AWAY from having its next golden cross On top of that we are just about to print a textbook dragonfly doji candle This candle closes Friday. Will be watching how NASDAQ:TSLA performs in coming days 242 could have been the bottom
Just minutes after observing BTCUSD on the 3 Day chart & spotting a golden cross on the 50 / 200 MA simultaneously with a Stochastic RSI Golden Cross I realized that AMEX:SPY IS DOING THE EXACT SAME THING, WITH JUST A FEW WEEKS LAGGING BEHIND BTCUSD THIS IS ALSO AMEX:SPY 'S FIRST 3 DAY GOLDEN CROSS SINCE APRIL 9, 2010!!!!!!! This golden cross is projected...
taking a look at the 3 day stochastic RSI we can see a golden cross forming. If CPI comes in positive tomorrow with lower than expected inflation, I am expecting a move to $34K possibly this month. Will be monitoring Bitcoin here
Looking at the 3 month chart of SPX, I had always been fascinated by the technicals when peeking the RSI & Stochastic RSI on such large and monumental timeframes I made this chart interactable so you can zoom in & look at April 1963 & see how today's market setup on the S&P 500 could be very similar Now let's go back in time for a brief moment... JFK's BEAR...
Looking at 3 Day chart here, it looks like Tesla could be setting up to retest 240 according to technicals... MACD showing an impending death cross RSI breaking below the orange line in TDI indicator for first time since April 2023 I will be keeping a VERY CLOSE watch on these support levels to see how price reacts in coming days... I believe we could be in...
Looking at the Weekly chart, we can see a textbook Gravestone Doji candle was just printed, signaling turmoil in the coming weeks 177 - 186 could easily be the zone that we retest, 170 if things got really bad. Will be paying close attention to AAPL in coming weeks...
Since bottoming out on January 3, 2023. Tesla has almost entirely mimicked the 2H 2019 fractal pattern (-/+ a few weeks off on timing certain moves) On the 2 Week chart, I see multiple similarities on indicators & price action, suggesting that Tesla stock will stay in the red for likely the next 4 weeks I will be buying here & dollar cost averaging into my...
Now I want to emphazise the * could * , but we need to point out the facts in the charts when looking at the long term overall trend of Tesla Stock We are flashing a TEXTBOOK bullish divergence pattern with the power of potentially sending Tesla stock to $400, RSI gaining significant strength on the weekly chart & price is still nowhere near high 300s as of...
As we can see on multiple daily indicators, from lower highs on the RSI to a strengthening stochastic RSI. Tesla Stock is proving to be very strong here However, I've decided to outline my bull and bear case short term for earnings week GOOD NEWS: Expect an instant 8% jump to 314, a level not seen since September 2022! There will be major resistance at this...
After nearly a 2 year-long absence, the monthly Moving Average Convergence Divergence (MACD) histogram has finally turned positive, signaling a potential shift in the market sentiment. The appearance of the first green monthly MACD candle since August 2020 (following a massive selloff) for AMEX:SPY in July 2023 is a notable technical development. It suggests...
Looking at the last bull run in 2019-2020 where TSLA last went on an epic run, we can see very clearly on the 2 Week chart, at this stage of the bull run that... Tesla's rally cooled off for 56 Days, before resuming the uptrend Ironically, 56 Days from our last 2 Week green candle of June 5, 2023... puts us at July 31, 2023, which is the same week as Tesla's Q2...
The 1 month stochastic RSI is failing to gain momentum, rather the opposite, we are losing bullish momentum The last time we saw this "rally then dip" pattern play out before going to ATH was July 2019 - March 2020 This could potentially signal that we may need 1 final correction, 1 final dip to take place between now & November Before Bitcoin & the rest of the...
So far, Bitcoin has steadily held on to the 50 DMA level as support when looking at the 3 day timeframe... This level of support was established back in March 2023 when SVB went under (Remember that? Feels like so long ago I know) Given that most negative catalysts have essentially dissipated with fears of the debt ceiling gone & Powell likely to take a chill...