Depend on how naughty Powell feels tomorrow :P Who does fundamental any ways :P
Time Frame : Weekly, Chart Pattern : Bullish Pennant Analysis using major resistance and support Entry's possible only above weekly resistance >> Rest everything is given on chart >>> Idea will be updated with targets and SL on break out >>
The technical figure Triangle can be found in the daily chart of the French company Société Générale S.A. (GLE.pa). Société Générale S.A., colloquially known in English as SocGen is a French-based multinational financial services company. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth...
Most of our major calls have been $ $DJI short term uptrend since 10/31 #DJI low gap pretty much filled RED CIRCLES are important, where from here? Both are dojis LONG TERM still in up trend SWINGS are getting bigger!!! Maybe now sideways till Jan
MACRO FACTORS: Given the recent CPI print coming in over 9 in conjunction with a labor market that refuses to slacken, there is little reason to believe that a FED pivot is anywhere on the horizon. It can seem perplexing as to why the FED would continue to hike rates when it doesn't seem to be having the intended deflationary effects at the economic level, but...
It's all on the charts. The Dollar does not like trenches. Zoom into chart for a better view. This is a probabilistic estimate for a 51% chance movement north. That means there is a 49% chance of no direction north. Prediction this is not (because predictions are 100% for occurrence). What this means is that the probability north should be factored into all...
I made this first video on Trading View, I am doing it for my own growth first and make me profits and then see if I can help some other trader to get profits from the market. Thank you..
Top-level view - Long and strong for 4200, cutting on a 3- & 8-day EMA crossover On the day we see the US500 cash closing +1.4% and above 4000, taking the bear market rally to 14.6% from the 13 Oct low. All sectors rallied with energy the best performer gaining 3.2% - breadth was broad at a stock level and we see 89% of stocks in the index closing higher – hard...
After the negative CPI numbers for US dollar index, investors and retail have turned officially bullish on equities after inflation peaked, DXY dropped vertically and gave gains to stock market closing the week green. Now, price looks over sold and the formed pattern is very bullish ( ascending triangle), a breakout will drive price to 109.6 as a first target....
The stock has been performing well ahead of its earnings reports, thanks to the news that DBS will be the bank to utilise MaxxDigital – a digital asset platform that provides risk and FX solutions for institutions. Whilst Singapore’s regulators continue to clamp down on crypto trading for retailers, Singapore wants to become a digital-asset hub within the...
Stocks are still contending with relative highs. The S&P 500 has been wavering between highs at 4009 and 3963 or so. The strong buying spike from CPI last Thursday has leveled off in a sickle pattern. From here, we will see if stocks continue to range or if they retrace. The Kovach OBV is still bullish, but does appear to be losing steam. We could be forming...
Logic behind the Trade 1. Closing above 50 EMA 2. Consolidation breakout with big bullish engulfing candle along with heavy volume 3. Stopped making lows as trend line shows the consolidation movement was moving upward (big players were building orders) 4. RSI is 60 (shows strength in stock)
All markets are targeting the levels they were trading at right before the PANDEMIC CRASH! Keep in mind these were the natural levels that were unaffected by the massive supply of funds that were injected into the economy. It only makes sense that we reach those levels again for an official reset. BLUE LINE! Love it or hate it, hit that thumbs up and share your...
The S&P 500 has rocketed after October's data suggests that inflation is weakening. CPI came in at 7.7% against an expected 7.9%. The markets are looking for any excuse to anticipate a weaker Fed policy, and a tapering in rate hike trajectory. Yields have fallen dramatically and risk on assets are flying. The S&P 500 blasted off from 3749, through our relative...
Stocks have edged higher, but appear to be leveling off. Election uncertainty will be lifted as results of the 2022 midterms keeps pouring in. The markets are not as concerned in election results as most think, but we may see a small rally now that they're over. The Kovach OBV has flatlined, which could suggest that stocks will hold their course. We have seen...
Stocks are incrementally ticking up, with the S&P 500 gradually testing higher levels. We are currently testing 3825 or so. Multiple red triangles on the KRI suggest that we are heading into resistance. The Kovach OBV is gradually trending up still, but we will need to see more momentum come through if we want to test relative highs at 3925 or so. If we...
We are comparing price action in the charts of GOLD and SPY, just before the 08 global financial crisis. I see many similarities. I think the chart speaks for itself, if you have any questions let me know. Will 'deflation' play a part in the next bear-cycle? Are equities a bubble as Dr. Burry states? What sector will get hit the hardest? What sectors can we...
Stocks are edging higher, currently testing 3782, a level we have mentioned several times before. This follows a precipitous selloff, as the reality quashed hopes (as it so often does) of a dovish pivot in Fed policy. We collapsed from the 3900's almost 200 points, and found support at 3694 or so. We are currently seeing a tepid rally that is running into a lot...