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...
almost completed bearish cypher pattern on SPY. Entry - 2916.0 Target 1 - 2857.0 Target 2 - 2820.0 Stop - 2980.0
The AMEX:IWM Russell 2000 cap-weighted ETF is showing signs of very imminent downward movement, backed by Elliott Wave Theory, Fibonacci Retracements, and its Relative Strength Index (RSI). Elliott Wave Theory is a beautiful and fundamental tool for analyzing price action, though it can exhibit many inaccuracies when used to forecast future price movements. In...
GREK has broken upwards in late May following a Golden Cross formation in late April. The last 3 times a Golden Cross took place the ETF rose (on the cross date) by +8.40% once and roughly over +30% twice. Currently it is already up by +8.40% from the Golden Cross occurrence so if it starts breaking higher, we have a confirmation for an additional +20% rise, which...
An identical pattern has been spotted on TVIX. This includes an initial hyper top above the 1D MA200 with a subsequent collapse below both the MA200 and MA50. A quick break above the MA50 again only comes as confirmation of the final bearish stage, the part we are at currently. Our target is 13.50. ** If you like our free content follow our profile...
The Junior Gold Miner's ETF performs better on average when it closes above the previous day's Hull Moving Average than when it closes below. This relationship is particularly strong in the months of June and December, historically JNUG's strongest months. (Anticipators of gold's historic June strength likely drove gold's bull run on May 30-31.) Today JNUG...
Whilst I enjoy analysing the ES, I only day-trade the ES and never hold overnight positions. For situations where I swing trade, I prefer to use the SPY. Not enough time to go into why as I am just about to head out to run some errands. However, the analysis and framework of price is the same. In future posts, I intend to show you at least one simple way I look...
With 2019 E3 (2019 Electronic Entertainment Expo) coming up next week. -- June 11th - June 13th -- I believe this sector will thrive short term. Important focus portfolio holdings are: NTDOY (Nintendo) -> 6.84% SE (Sea Ltd) -> 6.63% ATVI (Activision) -> 6.53% EA (Electronic Arts) -> 5.85% TTWO (Take-two Interactive) -> 5.11% * Remember to always...
Completed bearish cypher pattern in bearish trend. Entry - 2827.0 Stop - 2855.0 Target 1 - 2791.0 Target 2 - 2771.0
TIP has potentially priced a top on the 2019 aggressive rally that started last with last November's bottom. 4H is already pulling back STOCHRSI = 8.271, STOCH = 41.432). The Golden cross took place in March and the MA50 has been acting as a Support since then. Based on the last two occurrences, the price should now consolidate around the 1D MA50 before making a...
break and close below 2800 neckline. now I anticipate bearish continuation to lower levels.
PSQ is trading inside a 1M (monthly) Channel Down (RSI = 36.191, MACD = -3.690, Highs/Lows = 0.0000) which last December made its Lower High. A Death Cross (MA50 under MA200) formation occurred in March on 1D and after a 27.60 bottom, the price has been rebounding towards the MA200. Last time the same pattern occurred was in 2016. The rebound resulted in testing...
0. Let me tell you in advance. There is no direction. The following is a strategy for chart patterns. Please note that patterns can break at any time. 1. Box 1, Box 2, Box 3, and Box 4 maintain similar patterns such as Eliot pulses (12345-ABC) and Triangular convergence in the process of creating C waves. The difference may be masked by whether it is upward...
I see no recession coming. Get over with Trade wars, it is no longer irrelevant. It is only the headlines that make you drop your stocks so BlackRock and Vanguard can accumulate more. I see a lot of fear. we don't fall on fear. we fall on greed and too much confidence. Getting some entry around here and in one months. Try not to pick stocks, use ETFs to...
So apparently BTC doesn't want to push for 10k just yet, and needs to rest a little. But how low can it go? We can identify important support levels by the Fib retracement for the whole move from 3200 to 8500, and with the volume profile. We can see that 6500 is the most important support level. If it holds, then we see a resuming of the rally from that...
Flat top triangle in the making. Break in 17550 level could open the way for a 18250 target.