Here's an idea where we use make use of RSI and Volume to project the likelihood of a potential breakout trade.
1. XLK has more or less trended higher since 2012 up till now. There was a period of sideways consolidation between Aug 2015 to Jun 2016. However, price has successfully breached the Consolidation ...
The overal market is weakening and approaching a riskwise interresting level to participate in a potential leg down
->the sp500 approaching the supplyline of a pot. downchannel
->xly approaching its resistance
->xlp on a break of the demandline , retesing the broken resistance
->xle trading at its ...
XLK - the SPDR Tech sector ETF s in firm uptrend both on macro and on micro perspective, and it is the best-looking US sector ETF from the SPDR range.
On long term perspective price has broken back into the 5 and 10 year uptrend, trading above upper first standard deviation from 5 and 10 year means ...
XLK has been consolidating within a 3-week range between 42.97 (July 23, 2015 high) and 41.83 (August 7, 2015 low). An upside break above 42.97 would extend strength towards the 43.81 double top (as shown on the daily cahrt). However, a breakdown below 41.83 (near the 200 day moving average) would suggest ...
This is an option strategy, involves complex options spread (CUSTOM) Takes advantage of all the aspects.
1. Trend - Strength classification
2. Setup - Followed by Trigger (Hidden)
3. Most important - Setup Violation (Yet to be coded)
This is my Strategy for ...
First test to yesterday's bears will be the uptrend line shown in the chart.
If it'll breakdown, the next test will be the 42.2-42.4$ support zone but then, with a broken uptrend line, it could be a matter of time before $XLK reached 41.5$