A timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in. Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that...
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TVC:SPX AMEX:SPY CME_MINI:ES1! CME_MINI:ES1! Well, the S&P; has made a crazy trip from Yearly S2 to Yearly R1 in what has certainly been a psychotic 2020 -- one that isn't over yet. On this weekly chart, I'd like to point out the firm rejection on R1 and then the follow through to the downside this week. While it wasn't crazy-strong follow through, it's...
Wave 5 & 3 have given divergence. Expecting ABC correction which will complete wave 2.
Key levels are being tested in the stock market this week, will we see a downside breakout continuation or the upside extension? Watch the overview $APPL $TWTR $SPX $DJIA
Dow Jones Index Short Trade Idea
S&P500 , bounce off the 1.618 Fib level . BTFD !
After such a dynamic crash yesterday, a recovery could currently run as wave b. Following a further sell-off of 800 points in the direction of 27,640? There the continuation of the bull market could be expected. So wait and see and drink tea/coffee and prepare for a short and subsequent long position. Best regards from Hanover, Lower Saxony Stefan Bode
Fundamental idea in header. Accompanying technicals on the chart. Thumbs up for this perfect triangle! I very rarely get to use them. PTs 1.31, MA touches, 1.32, all the way to 1.330. Market still hasn't turned bullish yet... We need to convert the orders in the current blue zone to longs, take out the monthly level within it, AND break the triangle.
Fundamental idea in header. Accompanying technicals on the chart. Thumbs up for this perfect triangle! I very rarely get to use them. PTs 1.31, MA touches, all the way to 1.330. Market still hasn't turned bullish yet... We need to convert the orders in the current blue zone to longs, take out the monthly level within it, AND break the triangle.
Stocks go up. Dow to new ATHs and bad NFP priced in.
28800 KL taken out, retested after NFP and another position added possibly? Ride to new ATHs.
DJI Index - Critical support and resistance on the Daily chart The Index is currently attempting close above the critical support level at around 28134.70 in the Daily chart as we head towards the end of the Tuesday session. The Index needs to remain above 28134.70 to continue to its next major target at 28842.20. Major support at 28134.70, 27697.50, and...
Hello everyone ! market is in consolidation phase b/w 11250 & 11450 so pullback is possible | wait for retest | then go long or short on breakout plz like idea and share your views plz
I spoke to a few people in their late 40's to 50's and several of them had either been burnt in their portfolio or gave up hope in the stock market because of bad timing. Let's take a look at the most recent recession ; 2007 to 2009 subprime mortgage crisis . Had you chose to invest during this period, you are most likely to suffer huge losses and I can...
Just a chart of unfilled gaps... Recent price action setting up the potential for corrective price action. IF downside direction develops these unfilled gaps (highlighted) become areas of interest.
US30 (DowJones). We are in a tight 350 point range for the last week. Will long above upper black and short below lower black. Keep it simple.