if we continue this bear reversal in biotech labd may cross signal and estimate bull and reach for upper envelope in a reverse head and shouldern pattern. if we carve a path higher in major indices i expect biotech to follow.
Hello,Traders! SPY is trading in a local uptrend Buy the price is about to retest The falling resistance level From where we will be expecing A bearish reaction and a move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
with uvxy at all time lows and major indices still selling off a bit theres good conviction a bounce in vix may be underway as futures consolidate. heres what revisiting signal and estimate may look like.
If you haven`t noticed, our Midterm Elections price target was reached: Now besides the technical bearish flag chart pattern, if i look at the SPY S&P 500 ETF options chain, i would buy the $376 strike price Puts with 2023-1-20 expiration date for about $7.56 premium. If the options turn out to be profitable Before the earnings release, i would sell at least...
Hello,Traders! SPY bullish reaction To the CPI news continues And we saw that the price Broke a local key level las week Now SPY will likely retest the Horizontal support briefly And then go further up Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Unlike the more widely referenced HSI Hang Seng Index of Hong Kong which is dominated by Chinese stocks listing on Hong Kong market, MSCI Hong Kong Index only have ~6% stocks controlled by Mainland Chinese entities and another ~6% stocks that are significantly and directly exposed to behavior of Chinese consumers (For example companies which main business are...
Hello,Traders! S&P500 made a rebound and went up After the retest of the horizontal support below And has now almost reached the falling resistance From where a move down is likely Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
✅SPY will soon retest a falling resistance level So I think that the index will make a pullback And go down to retest the demand level below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Based on my analysis and Fibonacci levels within the parallel channel's TL support and resistance I estimate SPY could retest the 0.5 level early next week.
First target 11 Second target 11,70 Stop loss below neckline
The Price Target for the Midterm Elections was perfectly reached, as you can see from the preview chart: I think there is still some juice left for this week, full of enthusiasm and promises of a soft landing from politicians. Then, by the end if the year, we will see Jamie Dimon`s "economic hurricane coming our way!" My price target for SPY S&P 500 ETF is...
Wasn`t it strange to see META losing 25% and AMZN 20% in one week, yet the SPX S&P 500 still being bullish?! :) I told you in the previews chart, because of the Midterm Elections: In every country is the same, politicians in power try to keep the markets optimistic ahead of elections to get more votes, because the economy is doing great thanks to them. I...
Flag break at 11728 Targets 12640 & 13500 Stop loss if we break back into this flag
Hello,Traders! SPY broke out of the falling wedge After it retested the horizontal support So now there is a high probability Of seeing a move up on SPY Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:DXY U.S Dollar Index technical analysis. Bullish flag appeared Support zone 111.800 Resistance zone 113.900
the semiconductor industry stocks are so far outside of what is fair value to the downside that by december 2023 its just a guarantee that we will be back up to the tope of monthly envelope.
VanEck ETF which “tracking /invest” on 25 global major semiconductors stocks. Probably found its “base” @ around 148.90 - P/s. Probably the “next recession” might be caused by “geopolitical tensions” cause by 2 big brothers..A kinds of “wars e.g chips war, trade war, or “actual war”....” Probably an “Imposed /sanctioned by” a “freedom democracy/free trade”...
This channel is holding up pretty well with the top and the bottom of the channel being tested multiple times. Best case scenario is support holds up once again and and we test the top of the channel Worst case is this ends up being a bear flag, support breaks to the downside and we test support levels lower down (blue lines) If you go long, impliment a stop...