If we follow the other 4 times. I should buy once the monthly RSI down trend is broken and look for support at the 1929 crash bottom trend line. Use Fibs to target possible bottoming levels. Fingers crossed.
Many people are wondering when the bottom will be in. Twitter pundits offer various reasons for a short-term rally. While those reasons may be logical and tradeable under normal circumstances, the market has yet to give us any confidence that a near-term bottom is in. Interestingly (or alarmingly) SPX made a bullish reversal open today, only to form a bearish...
Here is a look at the 20 and 200 WEEK moving average on the IVV ticker. Note how the S&P has reliably tested the 200 week MA during strong corrections over the last 12 years or so. Rarely does the price go much below. It also seems reasonable to me that we both get a retest of the June low and a more significant test of the Feb 2020 high. If we see this, then...
Trade Idea: Buying SPXUSD Reasoning: Holding major support on the daily. Posting a short term double bottom on the 60min. Entry Level: 3708 Take Profit Level: 3755 Stop Loss: 3685 Risk/Reward: 2.03:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
XLE just broke down from its ascending channel, which might be signalling that the market is pricing in a global slowdown. XLE also broke down from an ascending channel in '08 and '14. In the case of 2008, SPX crashed. But in 2014, SPX traded sideways/flat for a while
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 =...
#SAND ▪️Active diver on higher timeframes + double bottom, very similar to a reversal and subsequent growth)) Subscribe to not miss new ideas!
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...
SO what is it? In the last 30 year we have only been below the 20 month moving avg. for more than 3 consecutive months 3 times(Monthly open and Monthly Close) A few things are apparent if you look at history, we have clearly been building to a mega bubble when you consider the lifetime of the S&P 500 . We slowly climbed out of the depression and as you can see...
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...