Descp as shown in chart Looking at a slight pullback to retest the previous support to verify as resistance before continuing further down to 4300 support Short entry/Sell indicator
Stocks have recovered from a retracement after testing 4521. The price action started to 'round off' and we suspected a technical retracement may be in store earlier this week. Our prediction came true and we found support at 4440 also as anticipated. Currently, we are testing relative highs again at 4521, but are encountering steep resistance from red...
Stocks have retraced as we have called out yesterday. We were due for a technical retracement, and the fact that oil prices jumped provided a catalyst for this retracement. We have found nice support at 4440, a former price target, and expect this level to hold but if not, then we could test the 4300's, with a likely floor of 4350. Our next target remains...
Stocks have edged higher and reached our profit target of 4521. We are starting to see resistance building at each level as confirmed by red triangles on the KRI. The Kovach OBV is still strong however, but the price is gradually starting to round off suggesting we will soon have a range day, or a retracement. After over a week of rallying this is reasonable to...
This chart shows ES with 4 long term averages - 1 year, 5 year, 10 year, and 20 year. I marked some periods where we dipped below the 1 year average and some volume spikes I saw as relevant. 2015 - Eurozone Crisis: The issues in Europe cause us to finally break the long held trend for the first time since the GFC recovery. It was preceded by a high volume...
Stocks are forming a bull wedge pattern and appear to be gearing up for a break out. We did see some volatility at relative highs around our level at 4487, which could indicate a top. We are also seeing several red triangles on the KRI to suggest resistance here. However, the Kovach OBV is still strong despite leveling off a bit. Watch for momentum at open to...
Stocks have received a nice buying wave, blasting through 4440. It appears we are back to bull mode, as this was the level to break before we could consider higher levels. We do appear to be facing some resistance at 4462, an intermediary level before 4487, which is the next relative high and key level to break before we can consider 4580 which is a major...
Prices have recently broken out of our descending trendline resistance and are on bullish momentum. We see the potential for bearish dip from our sell entry at 3539.23 which is an area of Fibonacci confluences towards our Take Profit at 3468.59 in line with 23.6% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to...
Trend Analysis The main view of this trade idea is on the Daily Chart. The S&P 500 Index exhibited a failed Head & Shoulders setup. The Head can be seen around the 4800 level which are the previous all-time highs. The Left Shoulder is observed around the 4550 resistance in early September 2021 while the Right Shoulder can be seen around the 4600 level in early...
Stocks had another day of gains, breaking out to test 4408, the exact level we identified here in these reports. We are seeing two red triangles at this level on the KRI suggesting it is providing resistance for now. The price action does appear to be rounding off, suggesting that we may be in for a retracement or some ranging. Candidate levels for a dip...
Stocks have rallied after the first rate hike in three years by the Federal Reserve. Novice traders might surmise that stocks would collapse off this news, however dedicated readers here should have been prepared. We called this rally days ago. Why? The rate hikes have been priced in months ago and we are seeing a 'relief rally' which follows with more clarity...
Stocks got a major lift ahead of the FOMC rate decision today. As we are all well aware, the Fed is expected to lift rates by 25 basis points (one quarter of a percent) to begin their 'firefight with inflation' . The rate hikes were heavily priced into the markets, and when the decision is made, we can expect a relief rally as the uncertainty is lifted. ...
Stocks are hanging by a thread as investors weigh a new Covid outbreak in China , and Geopolitical Tensions . The stock market in China has crashed with 2008 level severity as investors panic over the potential of new Covid lockdowns and sanctions as a consequence of support for Russia. US stocks have been hit as well, with the S&P testing relative lows at...
The S&P 500 has edged up but remains volatile. We made a brief run for relative highs at 4327, but that was swiftly rejected. We appear to have bottomed out at 4214, where we have found support. It appears that we are seeing a slight pivot from this level, but are facing resistance at 4245. Despite hopeful headlines for stocks to rally here in the West, ...
Stagflation means the world cannot afford new iphones. This means profitability will go to shit very soon. In the short run, profits increase due to price increments. But in the long run, these price increments cannot be afforded owing the impending inevitable recession and stagflationary forces mean the price of goods rise faster than wages. Hence, overall...
Stocks made a run for relative highs but still appear to be having trouble with relative highs at 4272, which was the exact level we called out yesterday. This and 4293 remain hard upper bounds for the S&P 500. At the time of this writing, we are seeing a small uptick, but these levels remain upper bounds in what appears to be a bull wedge pattern forming. The...
Trend Analysis The main view of this trade idea is on the 15-Min Chart. It appears that the lows of the correction have been made around the 13000 price level for NASDAQ 100 Index (NAS100). The Index has broken above its short (30-MA), medium (100-MA) and long (200-MA) Simple Moving Averages. There have been positive crossovers between the short and long as well...