Fundamental Outlook: There’s no beating around the bush - the fundamental outlook for soybeans is bearish. Global ending stocks are now at all time highs per the last WASDE report, and export demand for U.S. soybeans has slowed considerably - currently down around 19% year-over-year. As South American harvest progresses, the outlook of the Brazilian soybean...
TBT on the one hour chart demonstrates a clear round bottom reversal in late June with a good trend up this past week. Price rose above the POC line of the volume profile on July 3th showing bullish momentum dominating. Price has continued to ascend above the Chris Moody sling shot indicator affirming that momentum. Given the current fed posture hawkish for...
CDNS located in California is a software firm supporting computer assisted design ( ACAD) for the semi-conductor industry. While its customer base gets the headlines, this company helps make it happen. The 120 minute chart looks good as price is uptrending with good volume and relative strength. Earnings have been solid and another is around the corner. Price...
Since my last call for a "long then short", I believed the opportunity to short SPX is here in the sense that the risk-reward is now too favourable on the short side.
📉Hi Traders, Investors and Speculators of Charts📈 It's always good to refer back to the MACRO trend when watching BTC. From a macro perspective; we're definitely overdue for that proper bull-cycle correction - also important to keep in mind the halving coming up in April. We can confirm this bias by taking a look at a very specific indicator called the Balance...
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
GRPN on the 15 minute chart here with a volume profile overlaid hada high volume area breakout from mid December to mid January but then retraced and broke down. It consolidated for one week about the POC line gained some accumulation and then moved back up again. It broke above the high volume area on January 25th then retested it with a light touch on...
AMEX:SPY February 13, 2024 15 Minutes. As expected 500 was held on the downside and the upside was capped around 503 levels. I will consider one rise and fall respectively. 497.86 to 503.5 rise and 503.44 to 500.24 as fall. For the rise AMEX:SPY retraced to 61.8% so I expect 503 to be a triple top before a retrace. For the fall 502 will be a good level to...
SP:SPX is not going to crash in the Q1 or Q2 2024. I have measured that we will continue the rally atleast until the resistance zone around 5200-5800. I used fibonacci retracement to determine the rally target and the pullback target. If we topped at 5200-5800, we will most likely drop to the support area around 3500-3200. I highlighted some area in the RSI...
BONK BONKUSD when viewed on the 3 hour chart which is two hours after open, we see a possible 50 MA cross of the 200 MA. Oscillators and technicals support this move IMO along with volume spikes at key levels. May have to be a short squeeze to make it happen. DYOR NFA
FSR on the one hour chart fell from a triple top in mid July into the lower range of the volume profile's high volume area then bounced higher in a series of higher highs but then rolled over and fell again/ It has consolidated sideways about that POC line and now is above it. The indicators including Directional Index Zero Lag MACD and dual time frame RSI...
MSCI rallied on strong earnings last month, and some investors may look for the gains to continue. The first pattern on today’s chart is the bullish price gap on January 30 after profit and revenue beat estimates. The move established prices above the December 29 peak, which was the stock’s highest level since early 2022. Second, the index provider has held the...
Technicals: Marriott is showing promising signs, with a pivot point set at 238. As long as it holds above this mark, I'm leaning towards a bullish outlook, anticipating further gains. However, if it slips below $238, we might see support levels at $231 and $227, so it's worth keeping an eye on those. Checking the indicators, the RSI is above 70, meaning either a...
AMEX:SPY February 12, 2024 15 Minutes AS expected box sideways was broken on Friday. I closed longs around the 501 level, as SPY was struggling around that level for more than one hour. Now for the day, I will take 2 rises. 499.33 to 501.65 495.36 to 501.65 Unfilled gaps denote a strong rally., hence I took 495.36 as low. As long as 499-500 is held uptrend is...
Bitcoin just printed a shooting star and seems likely to retrace down with that overbought RSI, very short-term. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (9.0X) Amount: 5.0% Current Price: 47555.0 Entry Targets: 1) 47643.2 Take-Profit Targets: 1) 45534.1 Stop Targets: 1) 48700.3 Published By: @Zblaba ...
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
KAS' RSI is looking overbought on the daily and an iverted hammer candle is showing at time of posting. A Fib golden pocket retracement from here would be in the 11-12 cent range.