QQQ - Keep an eye! What interesting momentum we have had this week so far, plenty of great opportunities take a look at QQQ...It's brewing nicely.
After last week`s rebound played perfectly: As well as the the Head and Shoulders Bearish Chart Pattern: For this week i have selected the 1h timeframe to understand better the possible movement. I believe that we will see a rebound once again at the beginning of this week after the speaks of Chicago FED Presidend and Vice Chair of FED on Monday and Cleveland...
Megaphone Pattern can be seen clearly across multiple timeframes. We seek a restest on support and then a breakout of the current pattern.
1st chart was a a bit vague for some people so i wanted to help clear up any miss understandings and make things much more clear. Trying to be helpful can come with its own learning curve. I hope this chart helps better explain the verbage its attached to with the one prior. Happy to help .
It seems likely we fill the gap above Before the one below. Once we get Both of these gaps filled, we will then have a BIG decision ahead of us. Most likely more Drama to come sooner than later but i could be wrong. Either way even if we claim 3800 back on the big boy and turn it into Temporary support again. I still see a bigger drop coming at some point to...
A good bounce from support zone ,I'm expecting bullish engulfing candle in week to give proper confirmation. Target T1& T2 and Stop loss are clearly given in the chart. Buy near 290-295 SL 282 T1 310 T2 320
a break of descending bear channel downtrend suggests move higher to overhead resistance at 29.00 Stochastics divergence on recent low suggests $gold minders ETF should move higher
โ SPY is going down currently And the pair is breaking the key structure level So if the breakout is confirmed It will become a resistance, And after the pullback and retest I think the price will go further down SHORT๐ฅ โ Like and subscribe to never miss a new idea!โ
If you haven`t shorted the SPY Head and Shoulders Pattern: Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of SPY S&P 500 ETF is at 24.05 on a Double Bottom Reversal Chart Pattern. A double...
long the bear etf $DRIP until oil hits $51ish we back to extreme market #Bayesian theory in #oil because it's decoupled as the energy storage cuz we have #bitcoin. 117-15=102 102/2= $51 keep IQ low here
The spy is in a down trend on the weekly, and close to making new lows for the year. Looking to see if the previous support zone holds or if we break lower. Intraday levels of trade interest for me are in the video as well as weekly chart targets if price breaks lower.
Hello,Traders! S&P500 went down to retest The horizontal support level And despite my mid-term bearish bias I think a local rebound is possible Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
If you haven`t bought puts ahead of the FOMC meeting: Then you should know that the P/E Ratio of the S&P 500 even after last Friday's sell-off is 18.66. Now considering that the median value is 14.90, i would say that a fair price for the S&P would the the pre-pandemic level of $3380, and respectively, for its etf SPY, $338. We might see a technical bounce...
Buy when others are afraid ... Warren Buffett said. I have always followed this phrase and have almost always had region, but I dare to say ALWAYS, speaking of ETFs and long-term portfolios. We are in a year that will be remembered, certainly the first 6 worst months since the 70s. I've been accumulating on all my ETFs since early January 2022 and I am sure the...
SPY has finally arrived to the June 17th, 2022 lows to form that double bottom (Yellow Circle). At the close of day on 9/23/22, SPY formed a hammer candle on the daily timeframe right atop the demand zone . On the weekly, SPY hovers closely above the 200 day moving average. Also, I have noticed that SPY has a MACD crossunder on the weekly timeframe . In contrast,...
The FED Meeting on September 20-21 is expected to deliver 75bps hike. The decision will be announced on September 21. Some key data to consider: The annual inflation rate in the US eased for a second straight month to 8.3% in August of 2022, from 8.5% in July, but above market forecasts of 8.1%. Inflation rose for food (11.4%, the most since 1979), shelter (6.2%,...
GLD is warming up in the lower magenta-colored zone between $152.85 and $159.20, where it still has some room left to finish wave iii in magenta. Afterwards, it should jump up into the upper magenta-colored zone between $163.39 and $171.23 to complete wave iv in magenta, before sliding into the yellow zone between $150.72 and $140.40, where the overarching...
Satrix resource ETF is currently trading in a channel, but after a rejection at the SMMA 40 this could end up becoming a bear flag channel. Watch out for a possible break of this channel. Target area if this flag breaks is 5123-4736 Watching. No position.