After finishing minor wave 4 down, price is tracing minor wave 5 that should lift prices to a first target of around 16,200.If prices move below 14,800 this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
As we wait for a correction, I'm looking at two pretty nice calls.... $88 Call 9/18 @ $68 or $89 Call 10/16 @ $54 These may come down a bit, providing a better entry. $HYG Do not trade this, you will lose money. DotcomJack
This looks like it might be start forming a head and shoulders. The right shoulder is incomplete. The reason for the forming is mostly due to a weaker USD, and also in a smaller part because of a little weakness in this index. This is not a sell signal, just a heads up. I have no position, but am looking at this ETF for weakness as a starting point to get into this ETF.
Global X Cloud Computing ETF continues to take off as the broader market makes sideways or smaller increases in comparison. The price is very attractive at around $20 per share that offers exposure to Twilio "TWLO" 6.06%, Zscaler "ZS" 5.04%, Zoom Video "ZM" 4.57%, Coupa Software "COUP" 4.45%, Shopify "SHOP" 4.10%, Paycom "PAYC" 3.94% and quite a few others...
VWO is finishing a leading diagonal first wave out of the the contracting triangle as forecasted in the April 5 post. It should continue its positive trend ahead with minor corrections on the way. The possible end of minute wave v of minor 1 should be at around 39. After this minor 2 wave should retrace to around 35 before the up trend continues. If prices crosses...
VWO just seems to have completed a bullish primary triangle what is the end ov cycle wave IV. In this case, the etf should offer long-term growth ahead. The probable end of cycle wave V up is a growth similar to highest leg of the triangle. This would push the index to around 70, more than double the current value in the long term. FOLLOW SKYLINEPRO TO GET UPDATES.
This zone indicated in pink between 48-49 is going to pose a problem for bulls going forward. It's going to take a lot of momentum to get through that area. Expect a lot of resistance.
The S&P is begging to show a slight downtrend slope.
Hello fellow traders ! The chart speaks for itself, nice bullish candle trend break with the 50 day moving average as support. MFI was oversold and making its way up, stochastics gaining traction as well. Looking at the fib levels to have an exit plan. Just my opinion! Good luck ! ;)
I don't know how other people are feeling but there are a lot of bearish declining wedges appearing in the leveraged ETFs and elsewhere. Makes me wonder what news we're getting between now and then.
Biotechnology belongs to the sectors of the stock market which were rather moderately affected by the Coronacrisis. In fact, in the second half of april the NYSE ARCA Biotechnology Index even managed to surpass its pre-corona levels to attack its previous high at about 5.420. However the advance of the preceding days was too strong to get beyond that level and in...
IBB reached the target we forecasted on May 6 and at this stage it should have completed primary wave 5. It should now start a correction that can take it to new lows. The alternative scenario would be that we would see a minor correction to around 115 before trend to new highs. However, in both cases prices should follow the path to at least arounf the most...
HC seems to have finished intermediate wave 1 up and is starting wave 2 correction that could push prices to levels below 14,000. If prices crosses up 15,850 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
REET is developing minute wave 3 up and ended the day at 0.5 retracement of minuette wave 3, which could be the end of wave 4. Minuette 3 ended exactly at 1.618 fibonacci level of wave 1.If this scenario persists the expected traget for the next two days will be between 19.21 and 19.86. FOLLOW SKYLINEPRO TO GET UPTDATES.
AMEX:GUSH GUSH, provides 3x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. These leverage funds are designed to move three times the daily change in the underlying index. The EFT has taken a significant beating and poses significant investment risk. The coronavirus and Saudi “price war” have...
Hello fellow Traders. This is my opion on EUR/AUD.
Its top two constituents by weight, JP Morgan and Berkshire Hathaway's (stinky) B shares, have been performing very poorly in comparison to most stocks: This along with XLK (tech bubble) and XLE (oil) are, to me, overvalued and must be denied higher prices.
We lost the channel. Bearish.