nasdaq and tech bulls are breaking out of this mornings tightening 15 minute range with a clear break to the upside and hourly close above rising support and sinking resistance could result in prices above 170 macd/rsi heqding toward overbought signals are above indicator
Hey the renewable energy sector has underperformed the market in 2021, will look for an entry of $15-16 area in 2022 for a big swing stay updated.
Hey the renewable energy sector has underperformed the market in 2021, will look for an entry of $50 area in 2022 for a big swing stay updated.
Hey the airline sector has been underperforming the stock indexes in 2021, will look for a entry of $15.00 area in 2022 for a big swing stay updated.
we should still have another bull move somewhere in utilities as defensive rotation continues
were hitting multi day lows in many sectors at once the climb in volatility should snap back could target 12.21 again
After a 6-month correction, the uptrend resumes with strength and it will retest the 28.8 level again. We are long and we expect a break out on this level as inflation is driving commodity prices higher. Moreover, soybean harvests are expected to be smaller in southern Brazil this season as fields suffer from dryness, which could drive the prices up as well.
if there is bullish continuation in the nasdaq cibr could hit the 53.5 area soon and if there is return to volatility cibr could revisit the 50.89 area
either were in for immediate continuation of the breakout pattern to above the 42 area or, if the nasdaq isnt doing as well, a pullback to revisit the 40.5 area
there will be a continued daily downtrend bqck below the 53 area, or a breakout to 54.5 levels
nasdaq futures have tightened in price action range since the confirmation of daily consolidation in tech tqqq could hit 170.39 if we break bull, and might see 169.39 if we break to the downside seems to be going up atm, well see
I am finally back from vacation so I can start to post more TA again! I wanted to do some TA on a solid pot ETF I found a few weeks ago that appears to be loading up for a support bounce. MJ ETFMG Alt Harvest is a ETF made up of a bunch of high quality pot stocks. If you go to yahoo finance you can see everything in the holdings basket. From a TA standpoint MJ...
two directions for the nasdaq either a hard drive to the upside before volatility returns, and subsequent melt up or theres another wave of increased volatility immediately, and there is a bounce off the same support area
multiple timeframes are showing oversold stoch, rsi and negative macd for dust 19.74 a target area for bounce
uvxy entering bullish divergence territory rsi/macd 13.78 a target for oversold bounce play
I recently tweeted few ETFs that went looking good at the time, one of them was AMEX:XLC . The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on AMEX:XLC . This trade has the potential to yield a 1:3...
either clean energy is making an ernest rebound to the 71 area or the continued volatility will carry us back to the 64 area
The Elliott wave view in GDX suggests that the main cycle from the August 20, 2020 peak is showing an incomplete sequence. Favoring more downside to happen based on sequence towards $24.80- $21.36 area lower before a turn back higher happens. While the short-term cycle suggests that the decline to $30.05 low ended wave 1 of (C) in 5 waves lower. Up from there, GDX...