Looking at monthly and weekly charts, stock should head down to 400. Options are too expensive for me to buy too far out in time. I instead will look for trade setups on shorter timeframes and place day trades or short term swing trades. See red support lines on price and RSI charts - these will soon be broken to downside if my idea is correct.
Today I bought...
Technical Market Outlook:
The GBP/USD pair has been moving up since the market opened after the weekend, so the new temporary swing high was made at the level of 1.2857/80. Moreover, the bulls had broken out from the ascending channel and downside trend line from 1.3440, which is rather another confirmation of the positive sentiment despite the overbought market...
EUR/USD hovers around multi-year trend line resistance and 23.6 fib (1) level taken from July 2008 highs and the December 2016 lows. Over the past couple of months, the US Dollar (USD) has taken a beating from its peers and continues to get destroyed as we head into this week's session.
According to the latest Commitment of Traders (COT) data, large currency...
Silver has broken well above the long-term $20/oz resistance level that has capped price since 2013 and is now testing $25/oz which is a level not seen since 2013. Silver opened July at $18.20/oz and is currently at $25.15/oz for a +38% monthly gain going into August. While gold is making new all-time highs per-ounce above previous highs set back in 2011, silver...
Due to volume increase and a close above 10k on the daily channel seeing the order book flow with green numbers we’ve witnessed a break of 10500 happen. However what caught my attention whilst looking at the naked chart and then applying some things in the back ground is this potential upward channel formulating to add guidance to potential price points of Support...
I have never been into video games, but recently I bought a gaming computer and new monitor. As we know gaming stocks have been hot because of the lock down stay at home trade. Just as people became more accustomed to buying online, I think the stay home trade has given birth to a new group of gamers that aren't going to to go away after everyone goes back to...
Hello future millionaires!
BTC just broke above a key resistance zone and is currently consolidating above it. I am looking to long to 11.5K from here. There is strong institutional order flow at the 11.5K weekly resistance zone, so be prepared for a pullback, or possible reversal.
You can see BTC consolidating above this yellow ascending price channel, which...
JetBlue Airways (JBLU) will report earnings on July 28, 2020.
The chart above consists of JBLU performance vs benchmarks, fundamental analysis, and earnings estimates for Q2, 2020.
Previously I looked at a potential "bullish" MACD cross on the Covid death numbers. Its been about five days since that cross has been established and I have added the Rate of Change to the death rates with an estimated path if the ROC continues as if it were a deep saucer formation. The deaths are going chart is going to be on the standard (non-log) scale for...
Dollar strength at the weekly view. The green lines is the final uptrend support. The blue lines are the long-term supports.
I found out that the dollar was shorted by Goldman Sachs back in June and more FOREX traders are shorting the dollar. The dollar tanking like this is great for commodities and equities in the short-term. The inflation increases their...
This is interesting. I've been working on the precision of the long-term dollar index trend line, because I think it's an important line. So, I finally got a really precise grab by using the magnet feature to go from shadow to shadow in 2014 through 2018 and then auto-extending the line to the right. And wow, we are on that line like a flea's eyelash right...
This is it ladies and gentlemen. The moment we've been waiting for since late 2017.
The multi year bullish flag is nearing the end.
The moment of decision has come. A possible cup and handle and strong buys could lead to BTC breaking the 3 year downtrend resistance line.
If that happens, then the next bull cycle officially begins.
It will lead to 20k this year,...
AAPL is starting to show some signs of weakness, and given XLK's overall importance to the larger US Equities market, this spells trouble. This has the potential to continue higher but the risk right now looks like it's to the downside. Given how extended momentum names are in this market, one should tread carefully with their long positions, especially highly...
Ethereum strength against Bitcoin (ETH-BTC) continues proving itself as the market leader when it comes to overall altcoin strength. This most recent iteration includes what's nicknamed "DeFi season" including top gainers such as Aave (LEND-BTC) which pulled an over 100x return in less than one year, Chainlink (LINK-BTC), Band Protocol (BAND-BTC), and a handful of...
Ethereum is quickly approaching a a price range which it hasn't seen in a full year, but will this test of supply lead to a breakout on its second attempt, or will it need to pull back and consolidate again before the final blow?
While volume has been increasing, and the demand for ether growing rapidly thanks to the new De-Fi craze most of which is built on...
Gold approaches all time highs against the dollar (and is already at ATH against pretty much every other currency), and some might say the metal is getting a little overheated. But when compared to the money supply (M2), gold has a lot of room to run in the coming years and the chart looks extremely bullish. I believe the strength in the chart is a reflection of...
TV indi "Pivot Points Standard" set to "traditional" style.
What is a Pivot?
The word "Pivot" is used a lot, meaning many different things.
What I am showing is the ''Old-School'' definition of that term.
This "indicator" has been in use since 1970's with great results.
Pivots are as simple as this:
(H+L+C)/3 of the previous period = Center Pivot (P) in the...
