Gold is consolidating in this Range, breakout to any of the S/R level will mean that direction will continue.
EURUSD after bouncing from a triple bottom. Is near a Good resistance level Do you agree with my outlook?
Longer term forecast with 2 possible (OVERALL BULLISH) routes heading into the coming months.
My levels of interest for the week on varying timeframes. May or may not be useful to somebody else.
The Pattern: From rising wedge to Double bottom, W shape at 30m, and consoliding vollume. Conquering the river of 13000 to break the resting and resume upward movement. The Controller: Fed are subjected to stay dovish on policy and neutral on rising yield, they only consider rising rate if all the indicators reflects which is still well below the target. In...
This is purely hypothetical. It appears a pattern has formed in terms of periods of heavy growth and periods of stalling growth. I was able to chart all 3 majors indices in aggregate thanks to @boji1 's post: What do you all think? Do you think the market will be choppy all year or do you think this apparent pattern will continue and we have another leg...
Some visualizations to help my trading bias for the week ahead.
Possible Hypotheticals are shown in the chart. A bounce and reclaim of 200MA is a great indication of a positive outlook for SPY. FIrst possible scenario is we bounce off the 390 level and head back down to support and trade within channel. Second possible scenario is we hold the 200MA and reclaim the 390 level, bounce off the previous level of 395, then...
Bullish long term but feels overcrowded at the moment 50k seems to be proving a heavy resistance. Narrative remains intact and impressed with its resilience in the recent market turmoil but feels a little overcrowded at the moment. Looking at 30kish level for support if price fails at current levels.
The bearish channel has broken to the downside and we are now in an unchartered territory. Within this unchartered territory, I expect every $0.50 to be a new support (i.e. $8.50, $8.00, $7.50, $7.00, and so on). As of the time that I am writing this post, we have broken the $8.50 support and found a $8.03 low. It will be difficult to predict where we will find a...
From 2019 to 2020, $CLOV posted a total revenue growth from $462.3M to $672.9M, net premium revenue growth from $456.9M to $665.7M, decrease in net loss from -$363.7M to -$91.6M, and a decrease in adjusted EBITDA loss from -$175.5M to -$74.4M, among others. $CLOV also saw a 36.3% increase in membership and a 43.2% year-over-year increase in lives under Clover...
OVERALL BIAS = BULL 1. UP TO 1.97-1.98 2. UP TO 1.95 (FAVE) 3. DOWN TO 1.89 4. DOWN TO 1.865
$CLOV continues to move within the symmetrical triangle while being encapsulated by a bearish channel. As we approach the end of the symmetrical triangle, I am expecting a breakout to by next week, as early as Monday. I believe the upcoming earnings on 03/01/2021's post-market to be a major catalyst to which direction the breakout will be. Bear Case: In the...
US30 finally turned bearish after a prolonged bullish period
Following along from the last supercycle there will be a couple more ~30% pullbacks ahead before making a run at the next All Time High at near $250,000. This falls just past the Top Trend Line that has held for the last 2 ATHs in 2013 and 2017.
Here we go over last weeks outlook video as well as some stocks we are watching this upcoming week!
-Price is definitely go down, it's just a matter of time when it will happen. -Price don't walk in one direction, there must be a PULL BACK !