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GS bear flag formation and double top pattern, with a clear RSI bearish divergence in formation. Goldman Sachs has been making a series of higher lows on the 2H time frame and had shown no sign of weakness. However, after the recent failure of First Republic Bank, FRC, the spotlight is back on the banking sector. FRC assets were sized by the FDIC the past week...
AMEX:IWM long vs AMEX:SPY short -------------------------- This is a "spread trade" between two indexes which is sometimes called a "pairs trade". Typically a "pairs trade" is between two similar stocks in a similar industry whose fortunes are tied together to a similar end user or buyer. Imagine NYSE:KO and NASDAQ:PEP (Coca-Cola vs Pepsi) as a decent...
👉Stream Content: Price Action based TA, Key Level gain/loss, Chart Requests for Crypto and TradFi Markets 👉Scheduled Streams: Monday - Friday 9:15 am EST (15 minutes before NYSE Open)
Released my ticker correlation indicator! This is just a quick tutorial on its use. Here is the link to the indicator: please let me know your questions/comments and suggestions.
There are weeks when the landmines by which traders must navigate are seen in such abundance, where the implications for market pricing are so meaningful, that we manage risk well or we simply get schooled - this week seems to be one of these. As we look down the calendar we see marquee catalysts everywhere – earnings, central bank meetings and tier-one economic...
Apple earnings are on 5/4/23 at 4:30pm. Apple (AAPL) Q2 March 2023 consensus earnings estimate is 1.44 per share on revenue of 92.94 billion. The same quarter a year ago AAPL made 1.54 per share on revenue of 97.28 billion. Q2 March 2023 Consensus: PE = 28.8 EPS = 1.44 Revenue = 92.94 B Apple (AAPL) reported Q1 December 2022 earnings of 1.88 per share on revenue...
Let’s say you are trying to make a tough decision, you know like everyone did in their life. You've got loads of information at your fingertips, but how do you know what's most important? Should you spend hours analyzing every detail, using all the information, flooding your brain with the information or should you trust your gut and take a leap of faith? It...
CBOT: Soybean ( CBOT:ZS1! ), Soybean Meal ( CBOT:ZM1! ), Soybean Oil ( CBOT:ZL1! ) Today, I am starting a new series on CBOT soybeans, one of the most liquid commodities contracts in the world. In March 2023, Soybean, Soybean Meal, and Soybean Oil together traded 14.0 million lots, contributing to 42.6% of CME Group agricultural futures and options volume,...
Just recently, we remarked on Bitcoin’s positive reaction to weakness in the U.S. banking sector. We said that, potentially, Bitcoin started to show the first signs of maturing as an asset Furthermore, we said that we would pay very close attention to its price action during the banking earnings season. Intriguingly, Bitcoin started to drop with solid earnings...
Hey Traders, Sometimes the best indicators are ones you can't apply to the chart. That being Price Action. When used correctly Via lower TFs... You can get a way better deal. That is because you do not race in large. Watch for more and post Qs if you got em.
I thought I would publish this "guess" for the sheer entertainment value to show the dramatic increase in mortgage rates and to put in perspective the damage that has likely been done to the purchasing power of home buyers. The Fed has engineered an attempt to shut down an excessive spending to cool the economy down and we are all waiting for reverberations to...
Hello dear @TradingView community! Have you ever heard of the concept of "support and resistance" in trading? It's actually one of the most widely used concepts in trading! However, it's interesting to note that everyone seems to have their own idea of how to measure support and resistance. So, let's go back to basics. Imagine a zigzag pattern that's moving up...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
PRIMARY CHART: S&P 500 (SPX) with VIX/VIX3M ratio in subgraph on a weekly time frame Tricks for Reading the VIX Part I SquishTrade's original 2022 article on VIX entitled "Tricks for Reading the VIX" covered the basic concepts of the CBOE's Volatility Index (VIX) to aid in understanding and interpreting VIX and its behavior relative to the S&P 500 ( SP:SPX )....
Gex is short for Gamma Exposure. I started tracking gamma exposure over a year ago. In fact I posted an idea with a really good explanation idea of gamma exposure but the idea was banned and I never got around to reposting. So many private messages asking me to explain GEX, I decided to repost the banned post without the restricted content in it. If you want the...
The trajectory of global GDP & Money Supply keeps going up. The World's GDP was 103.86 trillion in 2022 and is forecasted for 112.6 trillion in 2023. As of Nov. 28, 2022, the total global value of the M2 money supply is $82.6 trillion. Gross domestic product (GDP), is an estimate of the total value of goods and services produced in a country during a specified...
Have you ever noticed that market movements often seem to occur in repeatable patterns? Well, that’s where Fibonacci extensions come into play. Join us in this article as we dive into the world of Fibonacci extensions and discover how they can be a strong addition to your trading arsenal. A Primer on Fibonacci Ratios Fibonacci ratios are derived from the...