Hello guys, I haven't published anything in a while but im back at it again. I have been looking for a few charts to find a nice short term trade and I wish to help you guys understand my strategy so that you may use it yourself in future trades. My win-rate with my strategy is roughly between 75-90%, and opposed to the hacks making youtube videos or...
Hi traders: Similar like NAS and SPX, I am expect the sell on the indices to happen very soon. Price as we see is getting squeezed and corrected in the latest price action. Its unlikely we can continue see price behave this way without the impulsive phrase to come in. The key is to wait for confirmation breakout from the LTF, and look for continuation...
I use UDOW when I'm bullish on the DJIA, which I am. Yes, a leveraged product which inherits more RISK. This is not investment advise. A picture perfect ascending channel has formed. (blue lines) Start trimming positions at UDOW 104/share. No need to short, trust start trimming. BUY back more UDOW at bottom of blue channel, likely around 84, at orange line...
📌 SPX has had its advance cut off; an attempt to cap it from the reckless advance allows the possibility of a panic blow which is decisive and impulsive in such situations, namely the invasion towards the pivot. This idea illustrates the stratagem of a major high against a 'positive' news flow. Since the Vol expansion is necessary for the defence of the...
The daily chart pattern and Elliott wave possible count may suggest an uptick to the upper trend line then a downtrend may resume.
Maybe we see 30350 before going down to complete the X-Wave
Held support area ~$26K and channel broke out to new ATH. Over $30K and will likely see a 🎅🏼📈 into year end $DJI $DIA $SPX $SPY $ES_F $NDX $QQQ $NQ_F $VIX #DowJones #ElliottWave #Trading #Stocks
Comparing similarities between today's Dow Jones vs. 1929 boom & crash. Looking at 1929, there was a similar, but shorter-term double top prior to the crash, but instead of crashing after an apparent double top, we blew upwards massively first and then crashed.
The Index started to selling off again heading into the afternoon session. Price came close to this week's low made on Monday, but it held. Now price is trading almost unchanged for the day, down -.09%. In the mid-term, as long as the price holds above the trendline, the S&P500 is looking bullish. From a swing trader point of view, the index will not look...
My focus on DJIA is on the 1D time-frame where the RSI is approaching the 77.000 Resistance. This is a 5 month old trend-line and it appears that with all the positive fundamentals involved, the rally can be extended until this level is tested. An even more interesting find is that every Top since the March meltdown, is on (or near) the -0.382 Fibonacci extension...
After the election results, the Dow jumped to new record highs on Monday, marking its high just shy of the 30k milestone. Our primary expectation is a breach of the 30k mark and a continuation of wave iii in orange. To confirm the outbreak, the Dow must break above the 30k mark. Should the bears send the market on a detour, and the support at 28781 is broken, we...
This seems likely guys. Full disclosure I'm short the miners so I have some bias. But chances of gold breaking up past ATHs without another 3T stimulus package until Jan 2021 seems very unlikely IMO.
This is a pretty big bear div on the stochastic rsi on the daily TF. So this is a HTF div that continued down all say while bond yields went up. Something is coming and its a bear.
Paypal looking bullish into the election. Price is still trading above some major support levels at 171.00 & 164.00 respectively. Look to buy into major support levels as risk/reward becomes very attractive. If the price manages to consolidate below 162.00 cut losses quickly. Any consolidation below 162.00 will be considered very bearish.