The SPX consolidation around the orange downtrend line is confusing every chartist out there for good reason. Why-because it is giving off conflicting signals and history really isn't much of a guide. Typically when you draw a monthly downtrend line using 3-6 months of a trend line and then you have an monthly open or close ABOVE the downtrend line (orange line...
Are markets trending down after a slow February? Stocks, Crypto, and even Bonds have hit Resistances and broken Supports. Let's look at what price does at levels to find opportunity!
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe Nvidia stock just recently created a very obvious inverted head and shoulders and I uploaded a lot of analysis always pointing towards this bullish pattern which will lead to a longer term bullish move. The past couple of weeks Nvidia already started...
Hello dear traders🙋🏻; I'm Pejman & this is the "How to get fish from channels" class. I guess you've heard, "Give a man a fish, and you feed him for a day🍣; teach a man to fish🎣, and you feed him for a lifetime." Like every other educational post, today I will teach you how to fish and make money from the Market River🏞️. As you know, fishing requires patience...
The Composite Operator. "…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you...
This is not a chart reading - and i'll keep it super short ... this is just a quick reminder that we have many powerful tools that we can use to enhance our analysis and trading outcomes.. too many that we sometimes forget to use them. The above chart shows a great example of that .. I was going thru the daily analysis and thought i should share this note with...
Why are only 10% of traders successful? The popularity of exchange trading is growing rapidly today, but experience shows that only 10% of those who come to trade end up making a profit. Barrier N°1 Laziness and unwillingness to learn. Frankly, most people who want to profit from stock trading do not want to learn this. They feel sorry for the time to master...
🎯 Today marks the 13th anniversary of an iconic moment in the history of Bitcoin. It was on this day, 13 years ago, that the creator of Bitcoin, Satoshi Nakamoto, updated the Bitcoin logo by embedding the symbol '₿' within a gold coin. This logo has since become synonymous with the world's first cryptocurrency and has become an iconic symbol of the digital...
The famous value investor, Mohnish Pabrai , said in one of his lectures that when he visited Warren Buffett, he noticed a huge handbook with the financial statements of thousands of public companies. It's a very dull reading, isn't it? Indeed, if you focus on every statement item - you'll waste a lot of time and sooner or later fall asleep. However, if you look...
I have been stalking NASDAQ:AMZN share prices for months now watching as it retraced from the All Time High down to a full 50% Retracement from the All Time Low. This is a pretty epic pullback level that took decades to create. The 6 month downtrend from 146 > 81 created its own 50% Retracement at 114 as Resistance. February earnings popped to this level and...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe Microsoft stock just recently created an awesome double bottom and also already broke above the neckline confirming the weekly pattern. As we are speaking the market is retesting the neckline of the double bottom which is now turned support so from a...
Hidden bearish divergence. Disturbing for bulls. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively...
So....I guess we got our high prob targets sooner than later. In typical SPY fashion it just gunned for all the targets right off the bet. So let's recap. The high prob targets for this week were 4011 on SPX and 399 on SPY. While SPY was mixed in terms of probability, SPX was extremely convincing, with the odds of upside being 0:5 and the odds of downside being...
After a week of consolidation, the all-important US CPI print looms over markets, as the tide looks like it may be starting to turn in favour of dollar bulls, as Treasury yields tear higher.
Bitcoin halving is a significant event on the Bitcoin network every four years. During this event, the block reward that miners receive for verifying transactions and adding new blocks to the blockchain is reduced by 50%. This means that the rate of new Bitcoin creation slows down, and the total supply of Bitcoin approaches its maximum limit of 21...
CBOT: Micro Treasury Yields ( CBOT_MINI:2YY1! , CBOT_MINI:5YY1! , CBOT_MINI:10Y1! , CBOT_MINI:30Y1! ) Is the US economy heading towards a “no landing”, as opposed to a “hard landing” or a “soft landing"? There is a heated debate among economists and market strategists. What is a "no landing"? It is a new term drawn up by Wall Street, which describes the...
There are extensive fundamental comments, context, and observations in the two DXY pieces written in 2022. They are linked below. The 70.70 - 121.02 trading range has defined the Dollar trade over most of the last 4 decades. Even at the August 2022 high, DXY remained well within this range. Since correcting from the August 2022 high, the market is now in the...
RBNZ were one of the first central banks to hike rates, and could one of the last to finish at the rate they are going. We'll cover key economic developments, NZD crosses and what to expect ahead of this potentially live meeting.