Price could target $159 to test the prior resistance level
Current Price at Posting: 6589 Directional Bias: Long Price Target: 6800+ Good Entry: 6530-6550 Risk/Reward: Max of 40 tick risk / Potential Reward of 200 ticks. Trade Idea Invalidation: Hourly Candle close below 6500
RSI Trendline broke. There's just no way to read it other than that.. We're also up too high to anticipate a full backtest. I don't think I have to point out the horrific bear divergence. I've traded a number of Weekly, many Daily, and hundreds of Hourly indicator breaks and divergences. This will be my first Monthly.
$IWM 50/200d ema Death Cross earlier this month - selling intensifying over the last two weeks. Looking poised to break $146 support and visit near lows on the year. See chart for two possible near/medium term targets. Note: Informational analysis, not investment advice.
Last week's Implied Volatility was $49. This week's Implied Volatility Expected Move is $47. So another volatility contraction right? Wrong. We've got a holiday next week folks and we've got three and a half trading sessions. Given this, I'm inclined to say it's going to be a pretty volatile week. I zoomed in to the 15 minute time frame here, as opposed to my...
Same with previous chart, around Nov.19-21 market should reach the rally target for short.
Another contraction. Last week = $65. Next week's Expected Move is $50. I don't like it. I don't have to like it. Why do I care? Historical volatility is still outpacing implied volatility. $50 is what we moved in 1 trading sessions last week and right now that same move is what's priced in right now spread over the whole week. I didn't like last week's $65...
This took a lot of thought. I hope you enjoy! GLTA...
The infamous inverted h and s will be won or lost late this week or early next...
30 min chart showing patterns and support levels and what i believe will be an overall fake out for the bears once more...
This is a carefully crafted study! I have demonstrated the angles that we will likely see in the future based on what we have seen in the past. Details in the chart... Hope to get 1K views on this
AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 34.8% of stocks are trading above their respective 200DMAs VIX = 17.4 Short-term Trading Call: bullish Commentary Hold up. Pump the brakes. The bounce from oversold conditions just got more difficult as sellers forced buyers to come to a screeching halt. The S&P 500...
Above the 40 (November 7, 2018) – Exclamation Points for the End of Oversold Trading Conditions November 8, 2018 by Dr. Duru AT40 = 40.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 37.4% of stocks are trading above their respective 200DMAs VIX = 16.4 Short-term Trading Call: bullish Commentary Financial markets made their...
It's getting dicey out here. Huge moves in the market this last week. Last week $90 expected Move. We moved all of that and then some. Next week only a $65 expected move. We saw that kind of action in the S&P's on Friday. All of next week, we're supposed to move $65, but we did that on Friday. I anticipate the price action will move OUTSIDE of the expected move....
The major indices have faltered several times this year, but this most recent slump seems to be the beginning of something more severe. First, the basics. The white trend line, which goes back over a year, had held as support during previous downturns this year, but not this time. In fact, it's now became resistance. Also influencing sellers is the 200dsma at...
On my nonprofit Facebook page , I scheduled a post suggesting your first move of the upcoming week was to buy protection (it was supposed to post on the 1st, but fat fingers screwed it up and it did it the 2nd instead). Looking back, I don't think I can call it much better than this! And no, not a lucky guess... I have plenty of charts on my page to back up my...