A strong end to Q4 Window dressing by fund managers who were underweight equities would trigger a cup handle pattern breaking the trendline of the pattern is around 4600 on the #ES I could also make an argument for HVF pattern we have a high 3 in place A recession will no doubt rear it's head at some point ... but a blow off top first to hand bears a...
ALTCOIN Dominance VS BITCOIN/USD. - Showing synergies between 2019 - 2020 BTC/USD CYCLE. *Identifying the relief rally - followed by a 70% correction. This chart shows how Altcoin dominance performed.. During the relief rally Peak - Followed by the 70% correction. liquidity transferring from the King currency by MARKET CAP (BITCOIN) to smaller Altcoins -...
Target 4800 nearly there in AH trade. Looking back, a long EW for 1k pips from 3800 is apparent. Summer rally was 3rd wave, this is the 5th. On this chart, target the Dark Side of the Moon. Wish you were here! All bets off after that. Close your longs soon folks. Then get out your Floyd vinyls and do the timewarp again. Triple Witching Friday, RSI madly...
The lights, carols and the last FOMC of the year, you know the drill by now, Christmas is here soon! As we head into the year's end, it's the perfect time to revisit an old idea we had last Christmas. In our piece last December titled “ Is the Santa Claus rally real? ” we explored the concept of the Santa Claus rally, discussing why and how a modified version...
TOTAL3, an indicator of altcoin market capitalisation excluding Bitcoin and Ethereum, has made a significant move🔔. We've breached and closed above on a weekly timeframe some serious key levels. And are above the Bear Market high. By surpassing and maintaining above the bear market high on a weekly timeframe. While this doesn't mean we won't see a pullback...
Stock Market Update: S&P Shows Low Movement, But Advancements Expected The $S&P500 index exhibited low movement today, initially dipping -0.20% but quickly regaining ground to close with a slight negative of -0.1%. The market's resilience in maintaining and even advancing current price levels is surprising. In the short term (1-2 months), there's a higher...
The Giant of e-commerce and AWS for small businesses, which now has AI integrated, is moving up in anticipation of a strong Black Friday for $NASDAQ:AMZN. The new CEO who took over form Jeff Bezos is doing a good job. As the CEO of the AWS division, he did an amazing job building that division of AMZN. Outstanding CEOs make a company great. CEOs are more...
The stock set into an impulse in Jan 2023 and completed the first wave up by Feb 2023 and corrected thereafter till the first week of march. The wave 3 in the stock began in march 2023 and went on all the way till July and there after the stock was in complex wave 4 correction until last week. The stock is now coming out of the 4th wave correction and could...
U.S. stocks tend to rise during the Santa Claus rally period. The Santa Rally is considered the last five trading sessions of the year and first two of the new year. Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%. My price target for QQQ Nasdaq 100 ETF is $273. Looking forward to read your...
OANDA:XAUUSD reasons of bullish rally expected USD bullish up to 90 to 95 levels which is negative relation with stock markets. when there is bearish market people switch there investments to asset like gold and silver. near the resistance level which have been tested 4 times now expected to break as gold has also broke its resistance level now. These...
Nifty formed an H&S as warned to stay alert in the previous analysis. Right now it has a support at around 17900 and a quick upmove is expected. For now, stay in cash before any indications of upmove.
we just finished the first inverted head and shoulders pattern, should we see the big one?
Here's where Santa will land. Happy Santa Rally §8-)
That's a bold call, isn't it? Here my analysis: - red CL hit 3 times and price got rejected - MACD kinda nice filter - Medianline rules in play: HAGOPIAN - overall economy is going down the toilet too - Gov's....not even worth a word Happy Santa Downhill, Hope You're Short Too §8-)
Ummm, the fast and short answer is that I am overall bearish on the SPY and anticipate we ultimately get rejected from this ATH (all time high) trendline ...however, it is starting to get complicated, lol. Disclaimer: Be aware the following comments are just my observations and I am not a professional trader. I am school teacher by day and stock junky by night,...
Riding long for now various alt names and equities. Thinking Fed pivot could fuel a rally into year end, then a new stimulus will cause the rally to lose steam sometime late January. Will try to sell around then. Anticipating new lows in Q2 2023, looking to go long in the bottom range there around BTC 10-12k across various crypto names. Think equities will make...
AS shown on the chart, the recent head and shoulders pattern, the immediate double top as well as the Point of Control black line on the volume profile all form heavy resistance to any uptrend. The RSI has dropped below 50. All in all, a bearish bias. I will trade this with put options with a strike of $286 with two days of expiration time.
The 5 th wave fall on 3rd Nov'22 had not moved down the index significantly. hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde. Provided the low of 3rd Nov'22 (3698) respected(should not break). If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been...