Ranges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
US indexes keep growing.
probably they haven't heard about the massive unemployment rate and corona aftermath all over the world.
nothing can stop the global economy.
who dares massive gbp loss this year,
who dares the spike in bad debts.
if you noticed a salary decrease during the last few months, probably you just don't...
Institutions continued their distribution phase in the NQ. Institutions are taking advantage of the tech hype and sending the profits to vital sectors in the economy such as financials, utilities, and transportation.
The NQ overall gained nearly 8% since the first pullback on July 13th. The RTY or Russell gained nearly 14% in the same time frame. Why is that? The...
Traders, NASDAQ has broken our zone but the zone is still valid and we can see a retest. If we get a retest then we can look for an opportunity on either side.
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The content on...
A scenario that I can see playing out with the SPX is very simple, identical price action to what was seen with the QQQ in the last couple months. Price is going to make quick work of the previous ATH not giving an inch to the short sellers, achieve a new ATH a few percent higher before tapping the previous ATH to launch the index to a yearly high of 3700.
The Stock market is not the economy, We have an over hedged and under allocated Stock Market with inflation risk on the horizon. The bulls have picked SPY to consolidate their wealth and the Bears picked precious metals, and the investors went with both because everything was undervalued and to hedge downside. AAPL is not over valued, it gives rich folks 6% yield...
This chart shows the SPX/M2 and essentially paints a picture of the SPX when accounting for inflation.
All the "gains" made in the time following the 2008 crash, after factoring inflation in, simply put price or "value" back to where it peaked.
How interesting that the 2020 crash should occur at such a pivotal TA level, forming a near perfect sweep of highs...
I'm just going on instinct.
I haven't had a red month in 2020.
I even am winning on my wheat short when I have no idea what I'm doing.
Why be careful? I have limited risk and I'm not using stupid size I'm not an idiot, but since I keep winning, might as well go machine gun and buy or sell anything I fancy.
Some people will talk about "significant levels" "oh no...
Today i'm goin' to explain why i would short SPX index on 3000 points from this instance.
* Timeframe 2 weeks.
* Target 3000 index points
S&P500 is weekly oversold. We have predominant buy volume mostly.
Technically, It's also aproaching to MACD WEEKLY BEARISH CROSSOVER.
StochRSI confirms bearish momentum.
From fundamental side:
💬 Tech has been in a non-stop uptrend within an uptrend channel as seen on this NASDAQ (NAS100USD) chart. While COVID has been rough in general for traditional businesses and the dollar, tech has had the unique fortune of benefiting from the recent stimulus fueled low-rate lockdown. With this strength in mind, and with top sector companies like...
BABA is currently consolidating on the 1D chart (RSI = 59.048, MACD = 6.230, ADX = 19.815) but the important news of the month is that it broke in July two very bullish long-term patterns (the blue Channel Up and the dashed Higher Highs trend-line since Jan 2018) to the upside.
This resembles the expansion phase that Alibaba had is 2017. If an identical +140%...
This is not a dot com bubble or a housing bubble, this is "Everything Bubble" which is about to burst.
The crash will potentially be quick and painful.
Dollar is about to collapse.
Covid cases will rise in september due to weather changes.
Stimulus checks will not be enough.
Smart money will start taking profits.
This is not an investment advice,...
This is one of the nastiest clusters of high timeframe Demark 9’s I’ve seen in years. 2week+9day+weekly, and a daily which will print monday the 10th. I also have a daily VIX TD9 Buy which will print monday the 10th. Entirely possible this drags out into late next week but I would be getting the F out of all risk before this weekend. Maybe they’ll blow the three...