This analysis shows what I am currently looking for in the market, regarding the S&P500 possible outcomes.
Since my last post the bulls made a good job and prices reached the previous tops level, at a very strong resistance near 4200.
But at such levels a small range is common and expected. I highlighted the zone between the orange lines, that was defined by...
I'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test.
My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and...
Nifty Prediction for 20th Sep
1.If market opens flat and slowly crosses 17700 then take CE with Strict Stoploss
2.If market Opens Gap up then Wait till 17661 retest level if it sustains there then CE will be profitable
3. If market opens gap down then
If it comes to 17661 and breaks that then wait for confirmation for up moves then take CE
If it goes to 17661 and...
Tomorrow 17397 will be Make or Break point
1. Gap up opening-
If market opens @17420-25 levels Then Moves downward and breaks 17397 then PE till 17300
If it Reverses and go beyond 17445 Then CE
2. Flat Opening- If it opens Flat and slowly slowly breaks 17397 level wait to break yesterdays high and above 17445 CE will be for at lest 17525
...
Apple had a uptrend late 2019 to early 2020, and then it followed with a big pivot. The stock continued to rise after that in a channel. Then there was a runaway gap, which is a continuation gap. The stock was then followed in a descending triangle which is neutral. This is a make or break moment. Because this is a consolidation pattern, and it can rise after...
Some stuff I am keeping an eye on here:
* Short-term upward channel
* Visible suppression
* Visible support zone
* Historic/presumed hidden support area
Not trading this until volume spikes or 1st level zones are breached.
AUROPHARMA - At Multiyear Resistance
790-820 is the crucial resistance for the stock.
Structure of the stock is still positive , hence wait for further price action to unfold, because resisting these levels can trigger a selling in the stock and also on the flip side break above these levels, can initiate fresh buying in the stock.
My keeping this stock on my radar.
Entry : 8805.
Stop : 8570.5.
Target : As high as it'll go.
Bitcoin has struggled to make meaningful reversals this year after hitting 14KUSD a coin, shown in the slow bleed-out and breakdowns.
I believe after finding a potential bottom at 7.3k, that we need this to hold in order for bitcoin to be bullish into 2020 and beyond.
The new decade arrives in two...
Trend line showing overall bearish trend. Bank Nifty also in bear mode clearly now.
Today's closing is very important. 385, if broken with volumes on closing basis will cause more pain. Previous candle bounced from support level and closed green. Current candle showing bearish bias.
Bullish only if hourly close above 393-395.
Kindly do your own research.
I'm using Log chart on monthly time frame. Dow Jones Industrial currently trading in very similar fashion of how price action looked before Dot-com bubble.
Index must break 27000$ and trade above it for a while in order to continue higher. If we cannot get above recent top, more choppy action to follow based on almost identical structure we've seen before.
If...
NZDJPY has showed major weakness for months this year, and continuous to plummet .
Price has found way back to the weekly ascending trendline and is cornered.
Wait to see if trendline support holds or if it breaks a break will see it move towards the next area of support below trendline if it hold it be indicated by a bullish engulfing close on weekly to...
