Above 1200, may give a good run...! An idea to long and hold with small SL....!
Can SPX Continue to Push Through a Wall of Resistance? Like many other global indices and liquid assets, the S&P 500 (SPX) has had a powerful rally off June 17, 2022 lows. This rally coincided with the July 2022 FOMC meeting and presser—the rally increased in the days preceding the FOMC meeting and then continued in earnest afterwards. This post will not...
This post is a test of my thesis that I can accurately identify a banker's candle that tests market structure. The Thesis works like this: Bank trading firms need to test the market structure with specific actions on specific days that tell them what the market can tolerate and they base their plans accordingly. For instance if banker candles identify a market...
Following a memorable 20% correction a number of reasons now exist to be long. On the above 2-day chart: 1) A ‘great buy’ signal prints with high probability. 2) Regular bullish divergence. Six oscillators are currently printing bullish divergence over a 15 day period with price action. 3) The green vertical strip is indication of a market bottom when certain...
Considering an idea where price is bounced of this intermediate demand zone. Then price to test the immediate supply above with a pullback to the 50 EMA. Waiting for a pullback after yesterdays impulsive move, would favour Reward. (5.8 R versus 2.8 R) . Trade on chart .
MACD in alignment for 15M, 5M, and 1M with these in alignment there is generally a large movement TP 150pips TSL 60pips SL 20pips
M Consumer spending is the chief concern for retailers, but the market is mixed. Home Depot (HD) and Walmart (WMT) are continuing to post gains while Target (TGT) slides due to inventory surplus on clothing and high-ticket items. Macy’s hasn’t missed a beat since the 2020 lows, recovering more than 30% of its previous share price. We don’t know where the price...
Mana is holding above this Daily Trendline and the 55 day Moving Average; So long as it can hold theselevels we should see it eventually Break Free from this range and see higher prices at the next highest resistance likely near the $2 mark.
Hi friends, I hope y'all having a profitable week ;) Today, we're looking at a possible long-term trend that has a potential to reward us with +8%. These trade signals are derived from both the monthly and weekly. The monthly price is currently running in the bearish half a bats L1 that has last months price closed with a bearish reversal candle pattern that was...
50 days cross with bullish flag and increasing volume, good swing to play. SL 14.5
Gold hold above 200-EMA and testing cloud base if breakout 21-EMA further more uptrend
BTC is currently sitting at 40%ish of its all time high. While still below its overall price median, opportunities for it being undersold look good. Price is still climbing steadily though so reasonable soon, it will be considered overbought . Its 200 period daily moving averaging is still trending downward, while the 1 and 4 hour moving averages trend upward....
$BTC has followed the broader bear market rallies without departure from the continued descending channel with the weekly 20 EMA closing in on the 200 EMA and the 50 tightening against the 100 EMA. Since late October 2021 and the ATH set in November, a clear bearish trend has set up as inflation has ripped, the Federal Reserve has increased rates to what they...
Basically just some simple TA on SPY. I'm zoomed out to the 1 day time frame and I'm looking at the 200 MA technically its too early to call but with context (leading and lagging economic indicators and earnings releases) you can assume that the economy doesnt look as picture esque in reality.
Hi everyone, In the last few days, the cryptocurrency market has been red after hitting the last resistance of the wedge we are in on BTCUSDT, which I mentioned that this would happen in my last post. After hitting the support that we are still in right now, the price has been consolidating forming Dojis candles. What we are sure of is that we are preparing...
2022 and 2023 may not be a good season for NASDAQ and S&P.
If RUNE can hold this level within the Channel and above the moving averages we will likely see it rally up to the strongest nearest S/R levelup at around $3.7
Sentiment is in favor of bulls. There'e a lot of sellers in this market. All moving averages are signaling buying positions. Price pulled into the 21 ema and formed an inverted hammer. Risking 1% to make 1.5%. God bless everyone.