-MACD suggests that momentum is decreasing. -Minus DI over Positive DI with ADX not increasing -> suggests that the market has the potential to go down from here on, but still, not much momentum. -Oscillators are overbought but decreasing. :: We are likely to see SPX retest resistance. Market is overbought and longing here remains very risky. There is not...
Hi, I am calling out BS on what the market has priced in. 1.I believe the market has priced the US jobless claims to be wrong. They are underestimating it. 2. It looks like a bear flag is forming and it has broken to the downside. TA+FA supports bear SHORT Targets. 1st. Gap fill. 2nd. Lower lows.
In recent activity, the COVID-19 outbreak has stirred the global economy and the S&P 500 is no different. We have seen a 33% decline from all-time highs and we could effectively say that the strong bull that started in 2009 and rallied 411% is effectively over. If we consider the trend line to be the turning point. The outbreak has stopped a lot of business from...
Check out todays ES move using the W5T Elliot Wave, BITS, & Roller Coaster indicators together. We were still showing on the Roller Coaster a down movement from yesterday, barely stopped it out before it took off down again today. I use daily & weekly gaps with channels that worked to the tick today. Pulled 54 ticks out on the down move & 9 ticks on the...
It is obvious that we are trading extended levels in US Equities and to a lesser extent Europe too. The blockader above from Tokyo yesterday must come as a surprise as Europe were inclined to buy the dip. What is surprising is that the resistance assigned to the current range at 3380 is serving its function of the highest order. So it ought to seem quite normal to...
We just ended a decade and a wild ride for 2019 having risen nearly 30%. From here many investors and traders may assume that there will be a strong move lower because prices can't go up forever. Normally, however, after such a strong gain, markets have the tendency to continue to rise the following year. That doesn't mean we can't see a pullback and that is...
Looks like the mini-futures rally is starting to rollover. And it should... there was no good explanation for it. Unless you consider yet another round of QE a positive thing... SMH!
All these predictions are made by Quantitative Analysis Algorithms following short term trends. These Quantitative Analysis Algorithms will calculate maximum correction relative to previous impulses. Relative to previous bearish impulse we are now in a bullish correction. So algorithm expecting a short term bearish impulse.
So, after my idea from the morning got toasted, price is sitting now 34 Points higher then yesterdays low. Facts: - Overnight rally - Horizontal Breakout-Resistance - Upper-Medianline-Parallel Resistance Until the last High is taken out, I'm short term bearish and I look again for a short entry. P!
As I analyse the markets, I see a 1-Line-Trade Setup in the short term 15' on ES. I See two potential shorts: 1. back to my 1-Line-Trade (orange) Line and down or 2. filling the GAP and then down again Observing price action.
I have identified the market to be in a running triangle. You can see how the first 4 waves of this triangle subdivides into 3 wave structures. Right now the market is completing the "D" wave. This wave can rise even further to all time highs. If this does occur then this will become an "expanded triangle." However, this wave can end at any moment, thus...