SkyTrees

SkyTrees Updated 

We've seen an extremely bullish year so far and the past few weeks have seen to be the last push of the current leg. Seeing the amount of bearish RSI divergence taking place among many of the major indices I'm going to take a short position taking us down to the previous resistance, which is also the potential support of the cup & handle pattern visible.

SkyTrees Updated 

Natty has reached the lows of Feb - 23 and has retested with some bullish intent. There's also Bullish Divergence on various timeframes inc. Daily, 4hr, 2hr, 1hr as well as a Monthly on if it holds at these levels for a couple of months, from which we could see a major move up. Taking the 0.618 fib levels as TP which also retest a previous support level....

SkyTrees Updated 

I'm going with the contrarian view here with the green line which is a 20% drop. After some bullish news, we saw NATTY wake up briefly, however, stock piles are still as high as you can wish as a consumer for cheap gas. This will eventually tip over and when it does it will fly real high, real fast. Once more gas producers announce that they're cutting...

SkyTrees Updated 

VIX has been consolidating for over a year now in a wedge and has so far respected the diagonal resistance line extremely well. Markets have been on full boil non stop and the water is soon to run out IMO. We haven't had a serious correction for over a year now too and I believe the time is now. There's two scenarios, my first aim is to reach 21 and from there...

SkyTrees Updated 

Quite clear H&S shoulder pattern has developed on NATTY which began accumulating at the beginning of March of this year. The green rectangle is the base of the massive accumulation zone which has acted as support previously, now turned resistance. There's been 2 prior attempts at breaking through, on the third, it broke but wasn't able to hold. The target...

SkyTrees

Classic cup & handle pattern has developed and has recently retested the cup & trendline after a minor breakout. This would be an equivalent of a %4.31 move. Considering how the markets have been performing lately, this seems to be a given. Tight SL here to managed your losses, but the P/L ratio is healthy. This would take NIFTY to ATH. Let me know what you...

SkyTrees Updated 

Natural Gas has recorded a negative bearish divergence on the 4hr which I believe is the sign of a correction to retest the green base below. It had fired on all of it's cylinders yesterday which I believe was a dead cat bounce removing as many short sellers as possible. Shorting this time of year usually means commission from your broker - mine is offering 3%...

SkyTrees Updated 

An awesome looking H&S Pattern has emerged on the NVIDIA chart and it's as neat as it gets. Can clearly see bearish RSI divergence that has developed too. Best of luck.

SkyTrees Updated 

Bullish RSI divergence on the daily and many of the hourly indicators. VIX on an extremely bearish RSI divergence on the daily too. I think we'll see a bounce, which will look like a breakout out of the falling wedge, only to be crashed back down again. There's still a gap at 4570 which you would expect to be filled too! Not trading advise, just an idea. My...

SkyTrees Updated 

The VIX has been accumulating in the blue rectangle for 4 months and I expect to see some reaction from the lows, coinciding with the arc. VIX has been beaten hard recently and has been trading extremely low. Only the beginning of 2020 did we see lows similar to this. This is not trading advice, just an idea. Cheers, and good luck!

SkyTrees Updated 

You can clearly see a small H&S pattern emerging within a major one, with the distance of from the base of the major H&S to it's heading taking my projection to the support last seen in Mar 23'. Seeing similar patterns amongst a few indexes and with the VIX at such lows, I'm taking a punt.

SkyTrees Updated 

A bearish H&S pattern has emerged on the NL25 index against a strong resistance structure which I believe is the beginning of a market correction.

SkyTrees

It's about time that TVC:GOLD filled the gap left on 09/10/23 and I believe we are close to the point of the turn. Stocks continue to drop and you'd expect the dollar to turn up once again. We can also see bearish RSI divergence over the last week developing. There might be one more pump, but hard to see that happening. Decent R/R, All the best, Sky.

SkyTrees

Interesting development reaction from the top arc over the past 6 months and I'll be taking a punt myself on this one, especially since most brokers are paying out for traders to sell $NATGAS. My broker is paying out c3% and I wouldn't mind a piece of that. SL is tight with a huge potential gain of 5.7/1 . The most recent corrections from the top of the arc...

SkyTrees

H&S pattern has began developing which seems to be putting a stop to the bearish trend seen over the past month or so. Great returns @ 2/1. Let me know what you think?

SkyTrees Updated 

We've seen NATTY with a similar but a larger set up prior to the huge bullish movement from 2020 to 2022. I believe that we'll see a retest of the 2.400 area before making it's move higher. Let me know what you think.

SkyTrees

H&S Pattern has developed on natty with a potential 12% drop for some huge gains. Once broken and retested, I would put a put order in until the targeted area, until then we wait and watch.

SkyTrees Updated 

I'm back with yet another of my VIX bowl action posts. There's so much going on around the globe that could trigger a spike. Markets are seeing negative RSI divergence across many indices on monthly, weekly and daily charts. This time we could go even higher and reach the resistance above. But I'm being conservative in my target and aiming at the diagonal trend...