With the SPX rallying over 18% from trough to peak over the last few weeks it looks like the recent upward trend could be under threat. As we can see on the chart above price is threatening to breach the lower third standard deviation (-3SD) off the linear mean at 4058.16. Given the high central tendency of signal to revert toward the linear mean(Pearson’s R^2 =...
When looking at MSFT current underlying value and most recent price behaviour when using a 2-hour range, investors can see that on the 02/09/22 a three-bar pattern formed making up a shooting star. In this instance, this was a bareish indication, a failed attempt to correct the underlying stock value´s bearish momentum with bullish momentum. When observing 50...
When looking at TSLA current underlying value and most recent price behaviour when using a 2-hour range, investors can see that on the 01/09/22 a three-bar pattern formed making up a shooting star. In this instance, this was a bareish indication, a failed attempt to correct the underlying stock value´s bearish momentum with bullish momentum. When observing 50...
We can see strong decreasing of S&P 500 during last days, seems like falling wedge has been triggered. Also i observe some correlation between S&P 500 and BTC, especially in that year that lead us to conclusion that top companies have bought cryptocurrency assets. But now i expect testing of first support line, you should be very carefull to place any orders....
When looking at SPDR S&P 500 ETF’s current underlying value and most recent price behaviour when using a 2-hour range, investors can see that a three-bar pattern is made up of a Doji and an Engulfing candle. In this instance, the Doji’s suggest a sideways correction whilst the Engulfing red candle suggests continuation of the bareish momentum. When observing...
Whenever the price of XLE and SPX diverge, we seem to get a massive crash. XLE creeps higher, but SPX makes new lows. Historically, what tends to happen next is that SPX falls off a cliff, as was the case in the 2000 and 2008 bear markets. Today in 2022, XLE was creeping higher as SPX was making new lows. What happens next?
Divergence indication signals suggest bullish change in momentum. Candlestick momentum shows a potential bullish hammer. The underlying stock price presented in the form of candlesticks seems to be reversing in line with its moderate 0.38 weekly support level. A bullish hammer can be identified within the down trend, a bullish hammer suggests that there will be...
Divergence indication signals suggest bullish change in momentum. Candlestick momentum shows an inverted hammer signal. The underlying stock price presented in the form of candlesticks seems to be stabilizing in line with its strong weekly support level. This suggests that the bareish sentiment is changing and loosing momentum. Inverted hammer, whist not as...
Currently trading below 20 and 50-day EMA moving average investors can see that the underlying share price of SPDR S&P 500 ETF Trust is undervalued. Valued at $413.58 SPDR S&P 500 ETF Trust is trading in line with its 100-day EMA average, it’s important to mention that there is still a strong possibility that the stock will fall even further in line with it’s...
Currently trading below 20 and 50-day EMA moving average investors can see that the underlying share price of amazon is undervalued. Valued at $133.35 AMZN is trading in line with its 100-day EMA average, it’s important to mention that there is still a strong possibility that the stock will fall even further in line with it’s 200-day EMA before bullish corrections...
Pretty interesting relationship between QQQ vs SPY. QQQ/SPY started massively deviating from the long term trend around March 2020. We've since reverted to the mean a bit, and are now potentially showing signs of a top, which would mean QQQ is set to underperform vs SPY. Double top scenario: -we get rejected off the 21-week EMA, then break down from the...
The rally we experienced in the last month was simply to retest the top of these two channels. The market is respecting those resistances and staying within the range of the channels. It might give you an idea of where we trade in the coming months. Note: I'm using $AAPL here as a proxy for the overall market.
Much to the surprise of many investors, this month has seen stocks continuing to rally. A bullish rally can be identified using swing high and low underlying price points since the start of July. The golden dotted line presents this, indicating upward underlying price movements. During this period MSFT saw lows of $243 and highs of $293. Currently trading above...
“The Rowing Song” Round the world and home again That’s the sailor’s way Faster faster, faster faster There’s no earthly way of knowing Which direction we are going There’s no knowing where we’re rowing Or which way the river’s flowing Is it raining, is it snowing Is a hurricane a–blowing Not a speck of light is showing So the danger must be growing Are the...
With an underlying share value equal to $117, Alphabet Inc has seen bullish movements since our last position published on 28/07/22. When reassessing Alphabet Inc using a 4hr range, investors can see that it’s now trading above its central Fibonacci PP level. In fact, the stock is trading above its PP 0.382 1st level resistance. The underlying price of Alphabet is...
What is the reason behind the recent growth of crypto market❓❔ The rise of cryptocurrencies following market optimism to reduce/stabilize the trend of increasing interest rates without the risk of recession❓❔❕❗ ✅ BITCOIN has reached above $24 k and Ethereum above $1700 , and the markets...
Currently trading around $270, Microsoft is priced close to this month’s R1, PP1 pivot resistance level. Currently priced bellow this weaker resistance level the stock is trading above its central PP level. Furthermore, using a 20-day ranged Bollinger investors can see that the price currently lies just below its upper bound. In fact, the upper bound is equal to...
When taking a look at the S&P500 on the Daily TF, we can see that there was a clear rejection from the Volume area high (Blueish line above). The next stop will be the point of control (Red line). Most of the market does follow this chart so before you short, double-check their chart. Every day the charts provide new information. You have to adjust or get...