Well wish there was something new and interesting to talk about today but looks like more of the same. However The market sure looks poised to make a run higher and in my estimation probably will, maybe not today but a few things to me looks like it will be today. The lines from yesterday only have a slight move up but same idea.
If I had to pick a primary idea...
Good evening traders,
Quick look at DXY , the Dolar Index that represent the USD strenght against another currencies.
As we can see the index is on an uptrend since last year, confirmed by 4 touches on our uptrend and now we have 3 touches on our resistance level , confirming that we have an ascending triangle .
On the last 2 weeks the index is moving...
The S&P 500 Index has been a bit hard to read for beginners as the charts are giving bearish signals yet it continued to move up and break above certain strong resistance levels. As for The Dow Jones Industrial Average Index (DJI), this one is telling us a different story, this chart is much easier to read.
When you look at the chart, you can clearly see lower...
BNC Liquid Index for Bitcoin on the 3day
price/time $93,700 May 2021
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity
If you use any of these indicators regularly, appreciate a small donation :)
My Bitcoin address is : 1Cs5DJ7DGqYVBWaAt5rPuRcD66ULgVCFnx
My Amazon wishlist here : amzn.com
Ping me if would like other means...
So I was expecting a pattern here and we have a perfect Impulse and a corrective structure which seems like a ZIgZag ABC.
A smaller degree impulse happened inside the structure so we will look for a buy set up; however it could continue correcting, let's hope it goes as planed.
Always trade with care,
The chart for Bank Of America (BAC) is looking bad long term, there are many signals pointing to a very strong drop.
The last time this company had a crash, it shredded over 95% of its value... The same might happen again.
Let's take a look at some of the signals:
Let's start by looking at Divergence, you can spot this marked with a light blue line on both...
The market made a good upward movement, and it looks like we should be ready to see a correction soon. The market looks overbought, and we have a bearish divergence. If the price can break the uptrend line and drops below 2800.00 support level, it will be a confirmation for further downward movement. It will be possible to open short trades with stop orders above...
add in 4 points for ES levels.
Toady we are inside yesterday's range so far and are looking at 2 things one a move above the 2918 area and if this happens I would target 2936 for the day. NQ is leading very strong to the up side and if it stays strong this is the most likely event.
In the event the upside fails, what has been happening early as of late in the...
looking for a opening that pulls back to the 2809 area or a bit lower and then a bounce to take us to 2802 and 2836. If this area of 2804 does not support the bounce then probably trade sideways just above the 2800 area.
Yen has been in a rather bearish mode since the abandoned baby formation that formed a few months ago, I see a potential bullish correction in the week ahead. but leave some expectations for a break below t the current support zone back into the downward move.
The price reached the resistance zone at 26000.00 level, and we have to try to understand further market movements. They can like these:
1. If the price can break this resistance zone, the market will be able to reach 26750.00 resistance where it was stopped and reversed two times in the past. MACD supports upward movement. DMI is bullish, but ADX line is still...
The price bounced from the support zone formed by SMA100 and 7300.00 level. The breakout above the signal line confirmed the strength of buyers. The market moved upward and gave us two trading opportunities based on the reversal and the breakout signals.
RSI confirmed the price reversal, and now it supports the buyers. MACD lines and histogram confirm the upward...
The Russell 2000 Index, which tends to move before the S&P 500 Index (SPX) has broken below support with strength.
On the chart above we can see that the RUT broke through EMA50 and EMA100 like hot butter. This can lead to a retrace as far down as 0.618 Fib. just to start, it can go lower.
The MACD is entering the bearish zone with plenty of room left for more...
I've been warning my dear followers and cryptocurrency lovers about the S&P 500 Index crash for a long time.
For conventional minds, it is really hard to grasp the fact that the SPX will crash massively and become ugly due to all the lies and hype spread through the conventional media news systems, but charts do not lie.
Reading charts is like looking at a...