Good news! We have another bounce today off the yearly trend line on $SPY. We've been tracking SPY and this trend channel for awhile and this has been our 6th bounce off the bottom of the channel! This trend channel has proven to be a good buy opportunity whenever we bounce off it, even though SPY has seem resistant at breaking new highs. I expect bullish momentum...
S&P made a new all time high to end last week. I'm thinking it might just go ahead and run higher through this next week. If it doesn't then I will shift my bias until the market and I are on the same page, but for the moment I would be thinking blue skies above. On the far right (price) it is sideways. But in order to get to where it is now it had to break a lot...
When investors were fearful of the growing inflation they were looking for an asset to hedge against this madness. They used to buy gold back in the days, but recently they found Bitcoin, which has many advantages compared to metal. So as we know, whenever investors lose confidence in the market they drop bonds driving the US10Y up, but they seem to buy bitcoin...
Hi. i did doodle some stuff. please tell me any reason to sell some part of stock?
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE US 500 INDEX FROM A 4H PERSPECTIVE. Will be looking for reversal patterns for this trading plan to be effective a break above of the resistance level changes the plan. * follow your entry rules on entries * significant moves with the bears change the...
It's in a period of narrowing consolidation after retreating from the highs. At the moment it's testing the upper portion of the wedge. The bulls made some peaks on the way down that they will now have to work against on the way back up, but breaking out of the first one is the biggest step to achieving momentum. I don't trade based on my predictions. I let the...
I don't have any predictions based off what I'm seeing. I think it will likely move higher, but if we start to make lower lows instead of higher ones then we will look to lower levels.
If you are familiar with gap all gap has been touch is rejecting the price which is the next move for the next 2weeks will be bearish, but price will fly soon
The selling doesn't have to continue, but price has been showing relative weakness this morning, and is triggering our some sell short signals. Let's see if we get any continuation or if/how the support/resistance areas effect the path of price.
Hello everyone, one of my best analyzes. We are near the end of a cycle, it should end before 2027. The fibonacci retracement follows the crash of 1929, which is also the start of the uptrend. We can see that we have only exited the yellow channel twice. Once from 1997 to 2001 and again from December 2020 to today. The bullish trends inside the bullish channel end...
I am pitting two of my favorite signals against each other. On one side, we have the downward sloping 20/50 sma’s. The challenger: a semi robust reversal chart pattern. The chart pattern isn’t a ‘perfect’ one, so I wouldn’t trade it regardless. Even if it does work. It’s ok to be picky. ——— Please kids don’t trade this way at home. Do a multi timeframe...
Memeline supporting uptrend has broke Backtest of underside of SR Seems a good bet especially with growing inflation concerns Close through the SR box would make me re-evaluate and likely close though!
S&P looks like it will be reversing. By that I mean the recent bottom may have revealed itself. Bulls will worry about the previous price consolidation that it will be encountering shortly, but there are a lot of good bullish elements to suggest that they will power through. The dip and recovery at the .5 level on the fib two times in a row should be satisfying...
Seems like what I previously thought to be wave four was wrong, I do believe we are now currently in wave 4. Im watching for a bounce at 413.7-414.5 , this would complete the fourth wave and send us to the last leg in the rally. As of now my price target on spy is 426. A daily close under 410 would signify the start of the correction and the first leg of downward...
I bought $50k SAND on spot at this level and sold at $0.061 for a nice gain on the last BTC dump. This is looking good to reenter on today's BTC dip. Coinbase listing is on the horizon.
Not completely sure about this, but looking at the 1M chart, it looks like Apple is forming an ascending triangle. However, looking at the 1W chart, it begins to look like a head and shoulders pattern. Can anyone clarify?
Please see notes on chart. I bought 21 May 418 strike puts when SPY was over 422.30. Strangely, the U.S. markets are flying high today while individual stocks are chopping around and/or still leaning bearish on 30 or 60m timeframes. SPY weekly chart has been extended for so long that I am ignoring it for now and paying attention to the daily and 30m for context.