We are waiting the macd and aron cross bull signal, please look the yellow circles, and the break out of the triangle chart... atr daily time frame is in the bull territory... we will see...
The FDN (First Trust Dow Jones Internet Index Fund) which essentially covers the U.S. Internet Stocks, is now comfortably trading above the MA50 on the 1D chart on strong bullish candle action (RSI = 69.026, MACD = 2.230, Highs/Lows = 3.3271). Through this price action a strong buy signal has emerged and has to do with the similarities of the mid 2018 - 2019 price...
Using macd MTF in weekly and daily time We can see a EWZ Brazil Buy Signal for long trade.
gold is currently in decision point. Wait for a breakout to identify the market future direction. + check my recent long term analysis for GOLD
There is a good RRR to enter XBI today. We seem to be in a bullish channel (showed in chart). IMMU - Which is 1.5% of the sector, is also a good option. (higher risk - higher reward).
Long trade on S&P500. Bullish gartley pattern with D point lying on the support line of a rising channel. T1 - 2975 T2 - 2984 Stop - 2946
On a daily timeframe, we see a very strong rejection of 1440 level. after two attempts to break and close above this level, we see a formation of a double top pattern in conjunction with RSI Overbought + Divergence and dodji + rejection bars. the last resort for bulls is 1380 support, if bears break and close below this level, most likely gold will start...
Hi all, We are here analyzing VTI one of my favorite ETFs. from the technical I can see a wave 1 elliot so we should expect a fall at least up to level 61.8 to then return to the upside
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Gold will most likely continue bearish continuation in a falling parallel channel. Be focused on the resistance area around 1400. Next support on focus is 1375.
The Financial Select Sector SPDR is trading within t 1D Channel Up (RSI = 64.631, MACD = 0.090, Highs/Lows = 0.4050) and todays pull back is only a technical reaction to the RSI approaching 70.000 on 4H. Both the MA50 and MA200 are supporting which is a very bullish development. Our TP is 29.10. ** If you like our free content follow our profile...
after gold established a lower high, we see a clear formation of a descending triangle. most like the market will go lower and our focus in on 1400 structure support. if bears break below this level, our next support will be around 1382. You can use this level as a target for a short trade.
Hi everyone, Just to share some thoughts. The World Platinum Investment Council has reduced its surplus supply forecast by close to 50% for 2019 due to investment demand. Bear in mind that it is still in surplus, so I don't imagine that the bottom is in yet. Platinum outperforms gold in good times and bad. Since 2003 Platinum significantly out-performed gold...
for those who missed short from the top, here is another very good option! we have a completed head and shoulders pattern. just wait and sell bearish breakout of a neckline 2916. Stop - 2950 Target 1 - 2878 Target 2 - 2824
Not a bad performance by the Satrix Top 40 ETF for the year till date.
The Real Estate Select Sector SPDR (XLRE) reached a new All Time High today extending the aggressive bullish run since the start of the year. The candle pattern is very similar to the February - August 2016 when it made a peak after a +28.60% rise and declined below the MA200 with a first stop at -9%. The current price action appears to be following this pattern...
just shorted Nikkei. confirmed breakout of support.
In my last post I mentioned that JNUG performs better when it closes above the Hull Moving Average . Today it moved decisively above the Hull, which I'd usually take as a bullish indicator. However, on this occasion, I don't trust it. The price of gold tends to move opposite the market. The market is down today for reasons of seasonality . Today (June 12) is...