For those who have been following me for a while, you would be able to spot this selling opportunity last night. I expect the gap to be filled up before we see more selling resume and revisit 26,724 area. Please note that a rebound is possible after the gap area is filled up so watch for bullish or bearish signal before you take your next action. Sometimes, we...
📍 SPX - into the elections and beyond This waterfall is a demonstration of how and where a decline in confidence on the risk front should be punished. The lust to expand equities higher is rather less here than one might suspect at first look. With the unsurprising hurdle of a contested election in US, buyers are threatened by an obstruction in democracy...
This diagram consists of my conception of the election positional play and continues into my treatment of the end-game in an economic cycle. 1️⃣ The reciprocal relationship between risk tolerance on the one hand and a contested election on the other. As we will soon notice, my dear followers, my conception of the next few weeks and months is largely based on...
$GM has always been a good indicator of $DJIA and the way it could move in the future. Last week swing high in this stock is highly unusual taking into an account indebtness and GDP fall and consumers uncertainty invoked by COVID-19. 38-38.4 is that magic line this stock needs to cross above or te be rejected from. It will be good for trading.
The Channel Up since June has fairly the same basic structure (even though more aggressive) than the one from March to September 2019, which led to the pre-COVID All Time High. That pattern ended with a Lower High than created a Triangle, which eventually broke to the upside to the ATH. Dow Jones made that Lower High last week. See also how the RSI consolidated...
Did anyone notice that the Covid19 Crash of 2020 fell to the level where Trump was elected back in November 2016? I thought it would be interesting to use the "bars pattern" tool to copy the US Presidential Election Year price action of the $DJI Dow Jones Industrials and paste it to the end of 2019 to see how we are doing compared to the last 4 elections. I'll...
📌 A timely update to the S&P weekly chart, where we can see clearly sellers are provoking the breakdown into some sort of waterfall. All Global Equity charts look very similar with the traditional struggle between the defending fast money crowd and the more MT and LT sharks who are aware that the momentum is stalling and are itching to load at cheaper levels. ...
DJIA is trading on a Channel Up on the 1D chart since late May. This pattern has made two exact Higher Highs and Higher Lows. I want to talk about the importance of the 1D MA50 (blue trend-line) not just within this Channel but even before. As you see since May 04, the 1D MA50 has been tested 8 times. 7 out of those 8, it held and initiated a rise (at least of...
#dow Real-Time Algorithmic Trading Signals. Stay curious
DJIA REJECTION - SHORT TERM BEARISH Short Target As Indicated Then I'm Expecting It To Retest Previous Highs *Still On A Upward Channel And Showing A Bullish Sentiment *Be Wary - Could Be Forming A Distribution Pattern *My Bias Is Still Upside - Investors Showed A Lot Of Interest (Value) From September Crash LET ME KNOW WHAT YOU THINK! 🧐 💡 IF YOU LIKE...
Equities will only continue up through and after the election. If stimulus is kept until after, then it was all a ploy to keep the market up no matter the winner. This was a major, pump and dump. POSITION YOURSELF TO SERIOUSLY CAPITALIZE. Don't forget the dollar is meant to strongly devalue from neverending QE.
Nasdaq100 : Initiate the inverse H&S pattern narrative .
H&S pattern broke down .
Pattern: Channel Up on 1D. Signal: Buy as the price broke above the 1D MA50, crossing it as a Resistance for the first time since April 27. Also the MACD formed a Bullish Cross. The past 3 occurrences initiated a rally. Target: 29200 (the Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support...
Invalidation : Daily close above the cloud .
Double bottom confirmed, out of RSI oversold condition Bulls wait for retest Watch equities for a drop
Careful here as EMAs near bearish cross on the neckline