Tech earnings are here with the market at all time high. Watching this week to see if small caps join the melt-up.
The combination of RUT and DTX has created a rising wedge. Price has broken down out of the wedge. These two indices are known to lead the broader market, so their topping in early June is interesting. Price topped in coordination with an RSI divergence before breaking down from the lower trendline of the wedge. This seems to have a good chance of going...
Sentiment: SP500: Bullish NASDAQ: Bullish/Neutral Dow: Bullish/Neutral Russell: Neutral/Bearish I make these market outlooks more for myself than for anyone else to have some kind of history of my thoughts prior to the fact. They are in no way trading advice, but should be treated as my views on the market. ES mini Weekly chart analysis My...
Russell 2000 Outperformed SP500 but now can't hold it's growth are this rally exhaust it's a difficult question. If we look into all Bonds Yields and we can figure out these all are dropping and it should not be happen in growth or inflation time, S&P 5000 Pushing higher but if look inside story Mid and Small caps stocks dropping it means only few giants pushing...
I am bullish on CRNC on the basis of a cup and handle formation that offers an attractive risk/reward. The cup and handle is a bit "broken" only because of a gap-up due to CRNC being added to an index. We have now closed that gap at $109 and it appears that the bullish move is ready to continue. I am eyeing two targets for this trade at the 0.786 fib line and near...
This is my view on MIcro Mini S&P. Currently, there is less buyer coming into the market. Price is heading towards the 4250 - 4220 previous resistance zone/key level before the rally breaking the trendline. Good luck.
I told you 🧘🏻 also fake breakdown and recover the range, is a positive signal, 2150-2200 the best zone for bought it in the SHORT TERM, be careful!
Since July 5th, 2021, there is a change in the pattern of new Confirmed covid cases in the US, because of the delta variant. From a statistical point of view, there is a significant negative correlation between the Nasdaq composite and the number of covid cases in the US, in the past month. The difference is : 49% of the population are fully vaccinated and...
Hourly Chart: Top Swing Daily Chart: Right at the support level. (possible price action for few days) Weekly Chart: close at the lowest level since February Monthly Chart: -6.38% since the beginning of July, the Worst performance since March 2020..! Conclusion: This correction could slip to a bearish market..! Risk is high..!
IWM is sitting at the confluence of a 6-month support trend line and a 16-month support trend line. Daily RSI is at its lowest level since March 24, just one day after the stock market bottomed following the corona virus crash. Primed for a bounce.
history tends to repeat itself..! and what has happened in the past has a higher chance of happing in the future! March 2009 - Sep 2011: Oct 2011- Jan 2016: Feb 2016 - Dec2018 I will wait for the reaction to the trend line! closure below the trend line could bring a 20% further correction!
Indexes "Band of Brothers Edition 2.0 " Decoding the relation!!! (No copyrights here feel free to redistribute and spread the knowledge) In a nutshell, divergences between small caps and SP500 index has a kind of leading volatility relation " Heads up" kind of a signal !!! *** When you see minus " -.59 / -.62 " Divergence's reading between SPX & SLY You need...
Am just looking at my panel of leading indicators, and besides the S&P500 ES1! daily chart looking a bit stalled with MACD turning down, the Russell2000, DJ Transports and Value Geometric Index are already leading down. Key levels to breakdown are in red circles. Some others like the High Yield Bonds and TIPS are still holding; while the Treasury Bonds are being...
If you have invested in small caps heavily, please fasten your seat belt (tighten your stop loss). Small caps decreasing their altitude to land, but where is the nearest airport (support)?
It looks like IWM is just beginning its Wave 3.