Anything can happen now $SPY, $NDX, $DJI
increase in A/D ratio will confirm bottoming process $SPY, $DJIA, $NDX
Description: Things I'm thinking about this morning. Points of Interest: Untested POCs, October low, 200 moving average, 50% and 61.8% retracements, gap at the beginning of the sell-off, Monday $VIX pop to $40+. Technical: Untested POCs (see related ideas) beneath February high were erased in a swift correction. In my opinion, the virus-related news...
Advance decline always lagging by a week or so. $SPY, $NDX, $DJI
Possible H&S PO at 11,350 area $SPY, $DJIA, $NDX
This pattern will delight and disappoint bears, as it leads to short term squeezes with long-term payoff. Would be hard to hold a short through this cycle, especially given the need to roll contracts beyond September. Invalid if price dumps early, which it may.
As with the Dow, Russell, Financials (XLF), the past couple of days have broken below their respective year long trendline support, leaving gaps. Whether markets will retrace off of these oversold conditions or continue their slide is yet to be seen, but the veracity of this downside move should give pause to market bulls. Let the dust settle and see if there are...
On a long time frame, we have a “three little Indian” pattern consisting of 3 peaks and 3 rivers. Expect accelerated selling once we return to the 2nd peak high buy institutions From $3000 - $3047.38 (The 2008 Financial Crisis 2.618 Fib Retracement Level) I expect selling pressure to be heavy. We have already fallen out of the most recent ascending wedge 2 days...
NYSE is almost time that go all time high and collapsing soon i think the pattern probably look something similar to this it probably finish in 4th up because most likely it is delay if you like my analysis and signal please help to like and follow Thank you very much
Top - trend indicator with TL over its peaks. Recently violated (right) Below- NYA price NYA is a measure of market breadth and/or broad sentiment.
While everyone was paying attention to the SPX NDX and DJI, the NYA was showing the early divergence. Following a parallel pattern, the 13th month would be FEB 2019, which corresponds to NOV 2008. Almost every indicator I follow confirms a 3rd wave down. A 5 week average of the advance/decline line which I have been doing by hand for decades is even below the...
I am back and back with a nice chart of the New York Average that sports a textbook ZigZag down implying a couple of things. First we should see a rally from current level with any more weakness, if needed, should be limited. Then a 3 waves down is a counter trend move meaning the long term trend is up. Though we might have to be patient. Maybe this Zig Zag is...
I see that the US market start to collapse so I think that it will move toward 11800 area this previous crash the first time I think that it is impossible to recover to uptrend So I'm bearish in this NYSE composite