Looking back, commodities had a high conviction in february based on a longterm trend. Combining macd and BB break out. Markets have either risk-on sentiment or defensive. During risk-on phase people want to put money to work, there is too much money. During risk-off or defensive, people want money and safety. Assets become too expensive. Bitcoin rallies...
Merry Christmas to all, I hope you and yours are well. My present to you this year is the one chart you should ALL be watching. SPX/GOLD Risk On (Equities), Risk Off (Gold). It will save you a TON of time/headaches, if you follow this chart. In this video I go over why you should use it. How your portfolio would have been managed the last 50yr, and at the end...
I multiplied the less risky Dow and Spy while dividing it with a multiple of bio, the Russel and Ark. This shows a clear shooting star candle in development this month which should signal much greater future gains in higher risk stocks and an end to this pullback in the market. You can see that we had nice rallies the last two times that this has happened on...
GBPJPY is flirting between this 185 support price and 188 region, a solid 300 point range, we are hopeful to see a pullback and another opportunity to enter long from this 185 psychological price zone. From here we can look to targets 1R, 3R, 6R respectively. A lucrative setup, with lots of mileage upside, nothing to say we can't target 190.00.
Dax is in an impulsive uptrend since October 2022 and it can be trading in 5th wave, but there can be still room for more upside if the current drop from ATH will stay in three waves. For now we have seen some nice bounce, back above 15700 bull/bear level so it appears that bulls are still here, especially now when price also broke through the channel resistance...
been following nasdaq composite and USM2 and risk on vs .com bubble upward channel...here it comes
FFIE is an EV pneey stock below $ 1.00 and so has delisting risk. The 30 minute chart shows the rationale for the long trade with 300% upside. The risk here is of a delisting which would send FFIE into the OTC market where it could explode. This penny stock trades millions of shares per day and trading volume has heavily increased as the price goes...
Stocks are bullish for the last few weeks, and some of indexes are finally breaking higher on speculation that FED is going to pause the hiking cycle. US CPI print also came out lower than expected, 4% down from 4.7% so there is even greate chance that FED will be on hold soon. When that’s the case stocks can move higher much easily, but still keep in mind that...
Appears we are running out of risk appetite. Put also looks like we have built a very nice base for a significant move higher. Hopefully, that's a risk on move, not a risk-off move. Personally, I believe we have already corrected in each individual sector, it just didn't happen all at once like it normally does. According to this, risk aversion and sentiment...
Daily trend turning bullish again in $SPY here...Let's see how it goes. FOMC tomorrow, hopefully things stay the course. Best of luck! Cheers, Ivan Labrie.
XRP weekly log chart is showing some interesting price action. Wanted to keep the chart clean and simple to display the obvious demand zones and breakouts. Is it coiling up for another explosive run? What are your thoughts?
After a long time above the band for the DXY here's the first retest since below.
XAUUSD H4 - Solid bounce from the analysis yesterday in the end, position is looking healthy, but as always, to continue to trend and theme, we need to be breaking previous highs, and setting fresh higher lows. Lets see what happens this morning and throughout the course of the overlap with the data possibly catalysing this move forward.
Junk bonds to US Treasury 7-10 year bonds, a good proxy for risk on/risk off appetite and a good parallel to SPY action. Right now, we are due a risk off pullback, but the longer trend (Gann trend line and Ichimoku cloud) indicate a risk on environment will be soon to follow.
On the weekly chart, price seemed to be breaking down from a channel and then reversed course to move higher. If this is a rubberband reaction and risk-off resumes, then this monthly frame shows a 2nd leg down that could move to 62-58. Alternatively, if risk-on stays the course to continue January's rise, then price moves up to the 20ma, 96-100 area. Watch daily...
TVC:DXY Is currently testing a broken wedge where price is anticipated to bounce off. #AHMEDMESBAH
Now that a lot of sell side liquidity targets have been met on this week, I'd like to see it comeback up a bit to rebalance the weekly FVG then drop lower into the Monthly FVG cause it would be healthy for the next expansion to new highs on this cycle, final target 120 with bumps on the roads at the lvl I drawn my pink arrow
Inflation in the US came down last week which allowed stocks finally to rally while US yields and USD came down across the board. Speculators think that FED will slow down the hikes, but further move on some of the FX pairs will now depend on data outside of the US. We have UK and Canadian CPI this week, while the focus will be also on RBA meeting minutes. So...