Hi Traders ,
This could be very risky play but I'm setting my short order at 2996.5 and TP 2945 . There are multiple gaps on there as you can see in black circles that need to be filed . You can also see in yellow historical gaps and areas they got filled .
If market decide to go higher this shouldn't get triggered but anything its possible.
As you an see...
I believe the market wants to go higher, and I have switched my bias to bullish ... for now. However, I think there will be some profit taking before the all-time high is broken for good, and convincingly.
There was a gap up to open the day. The market then shot up, then shot down, then finished undecided (doji). Typically, a gap, then a doji, means reversal. But...
I have switched to a bullish bias recently ... Tried to fill the gap, but failed. Since then SPY is proving to be stubbornly bullish in my mind.
A close above the previous 4 hour high is bullish, and it might also be what's needed to finally breakthrough the long-term up trend convincingly. If it it does, the all-time highs will be retested.
Notice, SPY sits...
COG is on the oversold list
I waited to make sure it would bounce back from its recent 52 week low. Although just got downgraded in the target price going from $25 to $21 (the other reason for a dip after Earnings) I still find value if you can pick up enough shares.
Target is to get back to that earnings gap and take the profits.
What do you think?
These 2 gaps approximately linger around
- $8,500 - $8,400
Not only have the technicals I've provided since the midpoint of this year make sense, the CME Futures gaps confluence these levels perfectly as a bonus.
The first target remains at the $8,500 - $8,400 zone given. $6,000 remains the final zone we would see price achieve in the event of a...
Couldn't break above long-term uptrend AGAIN, volume declining, RSI overbought, volume divergence since the gap up, and the gap needs to be filled (well, usually they do...).
Clearly the market was not overly impressed by the end of day on Friday. The entire day was flat, and .2 was shaven off SPY in the last few minutes of trading and it almost closed at 0 or...
On April 24, 2017, the common currency opened with a gap that remains open. The bullish movement was triggered by the Frances' election, from where the pro-Europe candidate Emmanuel Macron won to Marine Le Pen. The Macron's victory aided to drove to the euro to jump from 1.0724 to 1.09185 on the April 24 trading session.
On the technical side, gaps tend to be...
Our yesterday's analysis turned out absolutely successful. Dax bounced from our mentioned trendline, broken Wednesday'shigh and then returned to Wednesday's range, which had a statistical probability of 77%. Today we open with an ascending gap.
Resistance: 11 899
Support: 11 759
Statistics for today
Detailed statistics in the Statistical...
Michael Burry, whose prescient bet against subprime mortgages before the financial crisis was depicted in the book and movie The Big Short, is making another contrarian call: going long shares of GameStop.
We believe the low of $3.15 will hold and can go long off a stop just below.
As always, trade with caution and use protective stops.
Good luck to all!
Monday's session turned out as per our expectations. Although there was no short to capitalize on, one of our hypothesis was the significance of trend-line to support bullish traders. The resistance at 11 723 slowed down the price incline but no big short correction was seen. Today we open with a small ascending gap, which has a 60% probability of...
It is simple Nature abhors a vacuum. So those gaps (empty space/vacuums/gaps) get filled regardless of what we can say or do about it. TA is can be done with minimal knowledge of Biorhythms and entropy. Gaps always get filled unless a system reaches catastrophic failure to the point where data points will always equal a parabolic trend indicator.
This is a...