SMI has finished or is very near to finish its primary wave 2. After wave 2 is finished, wave 3 down should lead the index to new lows. If the index crosses down 9,380 the odds are that wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
#Chart MGM opening up slight down this morning after climbing 44% in the past 7 days. Support has broke on the 4 hour with the RSI rolling over and SMI about to break down again. Will be watching for first lvl of resistance @ 15.62
SMI is about to flip positive after a day and half of heavy selling. Double bounce off the 50 fib. Confirming breakout continuation trend @ price target 74. Recommend: Buy @ 74 Stop loss @ 73.50
Bullish trend started from today. UBS will go up until 2026
The Swiss index is tracing down super cycle C wave that should bring down its prices below 6200. There would be opportunities ahead in counter-trend moves, but the long-term is down. In the shorter timeframe the index is on the final stages of intermediate 2 up. After it finishes, wave 3 we bring the index to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
La bolsa Suiza podría debotar contra la resistencia en 8.800p si hoy cierra por debajo de dicho nivel
Hint: To see a chart maximized, click on the button on the bottom of the chart which appears when you hover over it. (Or you can click on the chart and press Alt + Enter) Market starts to react on Corona Virus. IMO it is just the trigger, not the cause though. The Economy has been kept alive for way too long by FED, ECB etc. with measures like "Not QE", balance...
just a regular technical pullback, right ?
Just Wanted to share my observations. SMMA/EMA: SMMA cross down (orange): "bottom reached" SMMA cross up (green): "bull market incoming" RSI leaving overbought zone and MACD signal cross downalso signal corrections / bear markets. Although the market reached resistance, the Swiss economy is still pretty solid, so it may just stay at around this level for some...
Time scale: 4 hours. Status: SMI is turning down against the 2/20/20 highs at 11270 - where the intermediary wave (C) is favored ended a cycle up in wave Y (circled) from the 12/27/18 lows at 8138.56 - where the wave X (circled) has printed a bottom correcting the cycle up from the 2/11/16 lows at 7425.1 (not shown) - where the daily right side is up. Trading...
BTC in October bounced off MA 20 (red line) downward (first Arrow) and tested it again this week (second arrow) next week will be fundamental to so if it breaks the MA 20 or bounce off again SMI about to flip bullish weekly candle closing above MA 50 (green line) and MA 100 (yellow line) as a bullish sign weekly candle closing above trendline (straight white line)
The Swiss market has broken above the Rising Wedge's resisting trend line (dashed) and may follow the 1W Channel Up pattern (RSI = 63.217, MACD = 177.900, Highs/Lows = 173.0836) which started in early May. Based on the RSI break out it has an upside potential to at least 10,400. Keep in mind that this break out is part of a larger bullish move as we illustrated...
Using multiple MA formulas to find weaknesses in trends. Slowing them down paints a much better picture for you. Using Detrended price oscillator SMI Ultimate Oscillator Chaikin money flow Slow Stochastic Slow volume oscillator Use faster charts with same concent to scalp If uncertain about 1 indicator alerting of cross, wait for 1,2, or 3 more alert of cross...
The Swiss Market Index broke past the 9,600 1M Resistance in April. This level has been rejecting any upside movements since 2007. This is a cyclical mega long term development as a new bull market is emerging. Since it has been trading within a long term Channel Up (RSI = 59.500, MACD = 210.200, Highs/Lows = 364.7764) with recurring bullish leg, we have no reason...
The Swiss market index is now again testing a the major multi-year resistance around ~9 500 which in the past has produced multiple strong rejections. Potential Short-term/Intermediate-term bearish plays from this resistance. Lower timeframe for possible entry.
USDJPY more or less follows US10Y. Right now it is closing in on the resistance. Far from its EMA however. It might mean there may be a reversal move. SMI weakens like the least time it touched it. "This time is different" quoting the classic. But on the contrary to this popular and often false phrase, this actually may be different. Watch out for the guide in...
A book price movement: Breaking of support and then small correction with continuation of the trend afterwards. May head lower into the territory of $2692 as shown by LOW support on the chart. A bit lower low on SMI may confirm the continuation of trend.