My old line here is where it has rejected so far.
Trend lines drawn from the 3/5 low (17d), 3/24 (5d) and today 3/30 (1d). Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, March 30, 2021 Facts: -0.11%, Volume lower, Closing range: 80%, Body: +24% Good: Closing range of 80%, recovered from...
IXIC RSI is looing a bit week but could be approaching over sold here as the Supertrend issued a buy signal on the daily Monday. This would put my initial target at about 13700 in the coming weeks.
Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a nice day. ---------------------------------- You should watch for any movement that deviates from 3008.91-3148.73. In particular, we have to watch for movements that deviate from the downtrend line. If you fall in the...
Trend lines drawn from the 3/5 low (17d), 3/23 (5d) and today 3/29 (1d). Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, March 29, 2021 Facts: -0.6%, Volume lower, Closing range: 52%, Body: -25% Good: Inside day on lower volume with a...
The Market Week in Review is my weekend homework where I look over what happened in the previous week and what might come in the next week. It helps me evaluate my observations, recognize new data points, and create a plan for possible scenarios in the future. I do occasionally have some errors or typos and will correct them in my blog or in the comments on...
Trend lines drawn from the 3/5 low (16d), 3/22 (5d) and today 3/26 (1d). Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, March 26, 2021 Facts: +1.24%, Volume higher, Closing range: 96%, Body: +53% Good: Rally in afternoon to close near...
Trend lines drawn from the 3/5 low (14d), 3/19 (5d) and today 3/25 (1d). Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, March 25, 2021 Facts: +0.19%, Volume lower, Closing range: 85%, Body: +60% Good: Closed near to intraday highs Bad: ...
This is a little different than what I usually do. Very straight forward line charts of the IXIC, DJI, and SPY. Showing how the changes in the value of the Dollar over Gold, impact the market. I know this isn’t the only influencing factor, as each market has its own levers, but this simple deviation of the two can weigh heavily on the markets.
Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- You should watch for any movement that deviates from 3008.91-3294.62. In particular, we have to see if we can get off the downtrend line. If you fall from...
Trend lines drawn from the 3/5 low (13d), 3/18 (5d) and today 3/24 (1d). Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, March 24, 2021 Facts: -2.01%, Volume higher, Closing range: 0%, Body: 99% Good: Nothing, even more nothing than...
Just an update on my tracking of the IXIC/QQQ. Tested the downward trend line yesterday and failed. Showing a bit of weakness in the RSI, but a bull crossover in the Stoch, while the MACD is basically useless for now. Trading right around the mean on the BB. Doesn't seem like it knows what it wants to do yet. There's a potential for more downside while it trends...
Trend lines drawn from the 3/5 low (13d), 3/17 (5d) and today 3/23 (1d). Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, March 23, 2021 Facts: +1.12%, Volume higher, Closing range: 12%, Body: -76% Good: Nothing Bad: Back below the 21d EMA...
Trend lines drawn from the 3/5 low (12d), 3/16 (5d) and today 3/22 (1d). Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, March 22, 2021 Facts: +1.23%, Volume lower, Closing range: 60% (w/gap), Body: 56% Good: Zero lower wick, strong morning...
Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- You should watch for any movement that deviates from the box section 3008.91-3294.62. In particular, it remains to be seen if it can deviate from the downtrend lines...
It looks like the IXIC might be making itself a new downward trend. Possible bearish flag after the initial selloff over the last few weeks. This week I will be looking for the IXIC to break up through the downward trend line and then the 13610 resistance line. If it fails the trend line, I think we will have more of a gradual downward trend, but if it fails...
The Market Week in Review is my weekend homework where I look over what happened in the previous week and what might come in the next week. It helps me evaluate my observations, recognize new data points, and create a plan for possible scenarios in the future. I do occasionally have some errors or typos and will correct them in my blog or in the comments on...