The SPX reversal to $4,200 provides an opportunity to learn from the pros and get back to the basics of trading. This means understanding the numbers and being able to buy things wholesale and sell them at a retail price. With this knowledge, you can be a successful trader.
Aggravated by Jerome Powell's speech at the Wall Street Journal Jobs Summit, the tech-led sell-off continues, causing the Dow Jones Industrial Average to fall by 1.11%, S&P 500 by 1.34%, and Nasdaq Composite by 2.11%. On that note, the 10-year Treasury yield also popped to 1.541% during Jerome Powell's speech, later closing at that level for the day.
But how,...
SPX500 - Under Extension: ~ -9.8%, Price Continues to Decline
The new has opened and it started with a consistend decline of the price.
GA Trend Rockets gave an indication to of the market behavior showing a bearish red arrow.
For those who hold an overall investment the Asset Value at Risk is the worst scenario the price can reach, the worst loss at normal...
AOBC - A Deep Under Extension, Liquidation on Weak Demand
The Last Segment of the Bullish Trend is also the Weakest Segment.
Momentum Decreased and later the Sell Off
Details on the chart.
Thank you
Girolamo Aloe
Disclaimer
Nobody in Girolamo Aloe websites is a Financial Advisor and nothing herein is intended to be constructed as Financial Advice. Every...
XLRE - Bullish Momentum, Selling Wave, Sell Off
The price was considerably Over Extended in the markup, with a consequent decrease in demand.
From the Bulge the price started the Selling Wave. Now it has begun to be Under Extended with a relatively high volume.
Trend Momentum still Bullish, just for now.
Details on the chart.
Thank you
Girolamo...
SPX500 - Relatively Low Increase in Volume during the Sell Off
Oversold with ~ -3.8% of Under Extension.
For now the Bullish Trend Momentum is still persisting, during the sell off.
But the Bullish Momentum would not stay there for longer, without mark new Accumulation Points.
The progressive increase in volume during the reaction wave is relatively low. This...
MARKET ANALYSIS: The market has broken the huge uptrend channel and now its moving to a sell. Now in the lower time frame we have descending channel formation. We have strong support zone near the market price now. If the support zone is broken we can see a new lower low for a huge shorting opportunity. So lets wait and see what the market does in the coming days. Cheers!
