exclent NFT news on friday , will push dow up this week !!!
if you have old sell , in deep hedge them and wait (never close buys frist)
strongly advice looking for buy , dont pick sell (only under red arrow +pinbar comes SL=pinbar high)
in 35200 we have powerfull support too , dow will see it too
i wish you win , stand on very very low and fix size
Stocks are tending toward the upper bound of the value area, forming what appears to be a bull wedge. We have been flirting with higher levels in the 4000's established from a value area formed back in June. We seem to have a hard upper bound at 4178, but the Kovach OBV is still strong, suggesting that we have a bull divergence. If we break out, then 4188 will...
Most of June and July were spent accumulating health care/industrial sector stocks.
A nice rally proved profitable picks across all sectors of the market, several stocks seeing double digit gains.
This week we clearly see a test of a major downtrend which began on 01/01/2022.
We should be ready to see some downside coming into this week, or a test to 31160.
I...
US30 Intraweek technical analysis:
The lead index of New York stock exchange had a sideways week near the resistance of 33000. My idea for coming week is that the price is going to test the resistance of 33000, and if rejected the price action is going to go in a free fall with neaby support of 32200. My target for coming week on US30 is to go short after...
The S&P 500 has broken higher, barely edging past 4144, our previous high. We are curently just below the next level at 4178. We are starting to run into resistance here from previous highs in mid June, confirmed by red triangles on the KRI. If we can break out further, we must get past 4188 before we can consider the next level at 4214. The breakout looks...
The Dow Jones Industrial Average (DJI) fulfilled our buy signal given in late June after the price made a Lower Low on its long-term Channel Down:
Right now the scene has slightly changed as the 1D RSI broke above its 8 month Resistance Zone and even though the price is now exactly on the Lower Highs (top) trend-line of the Channel Down, this may be the first...
Is it even possible to predict when a Black Swan event will happen?
Is it impossible to time the market in that manner?
This is what I will be attempting today , trying to time a stock market crash using fibonacci time dates in Bitcoin and the Dow. I think Bitcoin is a really important tool for world events , it's been running at a constant rate for more than...
above green arrow we can pick buy (after pinbar comes on 1hour or 4hour or daily chart with SL = 100 point TP=33800 (under trend line)
ADVICE = DONT PICK SELL , LOOKING FOR BUY IN DEEP WITH SL IN DAY LOW OR 100 POINT
good luck
The S&P 500 has retraced slightly from highs at 4144, testing support at 4068, as we anticipated yesterday. We are seeing good support from 4068. We appear to be forming a sideways corrective pattern, a technical corrective phase after a rally from the 3K's brought us back to highs not seen since June. It is likely we will hold this range until stocks can...
Stocks have hit our target of 4144, but ran into resistance here. The price action swiftly rounded off, forming a top at this level. We have since retraced back into the vacuum zone between 4122 and 4168. We should have further support at 4068, but if we retrace further then there is a vacuum zone below to 4009. The Kovach OBV has ticked downward with the...
If you take a look at at the weekly timeframe you'll see US30 has been in a downtrend since February 2022. Stocks began to decrease significantly taking out 2021 higher lows where most people during the Covid began to invest heavily.
Now, in August 2022, if US30 can push past 33,462, the last lower high this could signal a positive opportunity for people who...
Stocks have broken out and hit our next level of 4122. We are meeting steep resistance here confirmed by red triangles on the KRI. The Kovach OBV has lifted, and its clear that momentum has returned at least for now. It is likely that the markets think that the Fed may adopt an easier policy now that we are formally in a recession. If momentum continues, 4144...
NAS100 Analysis for the week of 7/24/2022. Pay attention to each sensitive level to see if we will break our bounce. We have slight consolidation on the weekly time frame; waiting on an expansion breakout or trend before the market is settled in one direction.
Stocks have broken out as we identified yesterday. The fact that stocks and bonds have both caught a bid gives us insight as to how the markets are interpreting the FOMC rate hike and the GDP numbers yesterday. As we all know, GDP numbers came in negative, the second negative reading, which puts us formally in a recession by definition. Furthermore, the Fed...
The Dow Jones Industrial Average Index (DJI) made the first bullish step as we outlined last week by breaking above its 1D MA50 (yellow trend-line) and is currently just below the 1D MA100 (red trend-line) and 1W MA100 (green trend-line). In the process it has made the exact same build up as the COVID bottom and subsequent recovery but let's see into this in more...
