The trade weighted dollar index shows a very healthy quarterly rally here. We've now retested the yearly resistance from the previous downtrend, after breaking above it, and it acted as support so it's clear to me bulls are in control. Once we break the previous quarter high, odds of the uptrend resuming will increase, and will be fully confirmed after a 3.70%...
The S&P500 index has fired a monthly downtrend signal yet again. This could be the start of a decline to 1728.30. Since our upside risk is so minimal, a short trade would be a good idea here. Risk a rally above 2100 to be safe, and target 1728.30. Keep in mind the sideways pattern Tim West had forecasted in his yearly forecast chart. If you haven't seen it, it's a...
We have an interesting level below price in the Euro/Aussie cross. It might be interesting to enter longs around this zone, targetting a retest of 1.5225-1.5265 in the coming days. If you enter at market, you should factor in a one average range risk at the very minimum, but it might be safer to use a wider stop, or enter off a shorter timeframe setup. Considering...
The daily chart in SPY shows potential hurdles along the way for shorts. I anticipate some reaction to these, in order of importance: 11 month downtrend mode: We need to cross it down and stay under it to trend down. 50% uptrend speed line support: This line should be broken forcefully while falling. Else we'll see a reaction like on the previous bounce. ...
USDCAD has a weekly mode below the price, and we're currently above it, on the brink of confirming a time at mode weekly uptrend. The recent uptrend 50% speed line lies below, and this is where buyers have to step in, to remain bullish on this pair. We can enter longs here, and risk a drop to 1.2915, in case the uptrend does confirm and we then resume the march...
Traders, we have a very strong uptrend in monthly Silver. You can refer to my previous long term trade idea for more information. It appears we'll test the 25 low volume resistance level, we just have to maintain this pace and break the 13 month level above. The downtrend mode is the 14 month level labeled above the 25 handle, and I anticipate it might be hit in...
XLE is right at an 8 month level, and about to hit a key level resistance, so I'd like to get short with a wide stop loss speculating on confirmation of the downtrend continuation in the monthly. You can see the 50% speed line of the recent decline on chart, which would be good to see price respect to stay short or enter shorts here. Volatility is high, so stick...
Bitcoin appears to be stalling after an incredible surge when breaking out of a biweekly mode a couple weeks ago. It managed to test a strong resistance at 5047.50 and instantly fell back down, breaking a bar's low. Currently, price rebounded and is trading slightly above a key resistance level, so it'd be possible get a rally in this pair. For now, we might be...
TSLA has held a key weekly and daily level, showing great relative strength, and hinting at a rally towards the 215 mark. I'm long from 192.85, as announced in my private signals group, and also posted today at Tim West's KHL chatroom. My stop is 186.09. Today's close shows the bulls are in control, and we can expect buyers stepping in with force asap, probably...
We had a significant rally after Vix spiked 54.47% in 3 days, and the S&P500 index landed right on a Key Hidden Level of support, caused by the smart money buying spree after older Vix fear spikes. Each time the smart money buys the selloffs, they retrace Vix spikes by 75%, and at that point we get these levels, which if they hold, show a bullish bias is a smart...
IBB is potentially a giant weekly short. I'd like to go short at the open, or if we get a slight retrace, with stops at 257.58. Target is as low as 207.70, at the ver least. You can see the previous weekly signal on chart to the left, it hit the target and even exceeded it after confirming the decline as per the 'Time at mode' method. You may pick your preferred...
We have very clear signals in the 6m chart in GBPUSD. This level should support price if bulls have any kind of chance here, else it'll probably follow the forecasted targets on chart, to be reached before July 2021. This is meant mostly as an analysis piece, but we could look for short term long opportunities from here, simply monitoring short term charts, and...
EURUSD has deviated from the usual risk off behavior it has exhibited in one year, as you can see when comparing it to inverse IBB in the line chart pair above. The last daily close is right above a low volume support level, but still near the lows. It'd be interesting to see if it resumes the uptrend from here. I'll be monitoring price action in hourly charts,...
We have an interesting opportunity in GM. This is a more aggressive entry, but we'll protect the position by writing covered calls against the long trade. We shared this setup in the KHL chatroom today. Good luck! Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering...
GGAL is offering a great short setup here. This is an ADR (American depositary receipt), that is, basically, a foreign stock that is traded in an american exchange. It's of special interest since I'm from Argentina. Fellow argentinians can take note of this setup and trade it in the local market as well. Upside risk is the same, despite the ADR being priced in...
As I had explained in my previous post, it was likely to see an 'emotional high' in these instruments, followed by a sharp decline. After this break down, all these instruments are at a major support level once again, and in sync too. Notes: I'd get out of shorts here and maybe flip long in a few days. Gold: It might have some more room to fall, but if it...
We have an interesting setup in CUBI. I have taken many long trades in it before, and this is a good chance to reenter if support holds. Price has hit the yearly SMA, and also hit a weekly range expansion bar's mid point, which usually acts as support during a trend. As a sidenote, we have a 50% speed line support here. There's an active weekly uptrend, and the...
TWTR is offering a very interesting long setup here. We can enter longs at market open, with a 10% stop loss, and aim for the 21.04 mark, or potentially higher, in case of a M&A event in the future. TWTR has attractive fundamentals, and a good valuation here, so I think it's a good stock for your portfolio, to avoid being net short at this point (see related...