Stocks have made a run for highs, but have met resistance at 4487. We are currently finding support at 4463, as confirmed by a green triangle on the KRI. The Kovach OBV has been tapering up, confirming the bull trend, however this momentum still seems paltry with respect to the selloff we saw last week from Evergrande. If we are able to brak 4487, then 4504 and...
✅SPY is retesting a broken support line
Of the rising channel, which now became a resistance
And I think that based purely on technical analysis
There is a good chance to see a pullback
And a bearish move down
With the target being the breakout low
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S&P500 broke out of the rising wedge
With the gap, most likely on the fears
Of the Evergrande default crisis in China
Which might spark a chain default reaction
In China and across the globe
If Beijing does not intervene
Taking of the SPY, I don't think that this is the end
Of the bullish rally, but a...
Stocks have rallied, completely erasing the Evergrande selloff. We have rallied back to 4462, finding support at 4440 and 4431, levels we have brought up in these reports. It appears investors are back to risk on mode, and the Evergrande fears have passed for now. The Kovach OBV has gradually picked up, so watch for momentum. If we can break 4462, then watch...
Traders & Investors, SnP500 is standing at a critical level and is hanging by a thread. If this trend line is broken, there will be a danger of overall longer term wedge pattern to be broken too. 200 SMA is well below nearly 8% below the current levels. So watch out for stocks such as Google, Netflix, Facebook, Apple and Amazon for weakness in individual stocks....
This idea is based on an ascending triangle.
The histogram has bullish momentum on the MACD and the market looks to be moving up. Bitcoin is going to allow these alts to run as Ethereum gives some market cap back to the others.
Have a green weekend.
This post is to show you an overview of how the SNP500 has grown and declined over the past 4 presidencies, starting with Bush Sr. (1989), and now currently, President Trump (2020) - respectively.
We can see some very interesting commonalities between the red and blue. Just a disclaimer, this is not a political post, so please keep the comments mature! This is a...
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I would also appreciate it if you could leave a comment below with some original insight.
In this post, I’ll be explaining ‘The 2020 Tech Stock Bubble’ crisis, through the lens of the Dot com bubble of the 90’s. In the process, I’ll also provide educational content...
Stocks have plummeted from the news that Evergrande, one of China's largest real estate developers, may file bankruptcy. This would effectively make them "China's Lehman Brothers". Risk sentiment is extremely risk-off right now. Stock indexes world wide have plummeted. The S&P has sliced through the 4400 handle with ease. We should have support from 4364 and...
✅S&P500 is trading in a rising channel
And now we are seeing a nice little correction
I think that after the index retests the rising support
We will see the "buy the dip" mechanism kick in
And the price will make a move up
Continuing the bullish trend until the end of the year
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The following analysis looks at the 2 major historical crashes:
1929 Wall Street Crash
2000/08 Dotcom Bubble & Subpime Crash
I then compare them with where we are today in 2021, and where the market is going for the next decade 2022 - 2032.
I take a simple, reductionist approach to look at basic technical analysis / indicator (MACD) factors identifying...
In this post, I'll be talking about the January Effect as the stock market looks to open for the first time in 2021.
The January Effect
- This is a hypothesis that securities' prices rise in January more than any other month of the year.
- This allows investors to purchase prices prior to January, when it's relatively undervalued, and sell for a profit in...
The S&P 500 has gained momentum, breaking past the 0.618 Fibonacci level. We are meeting resistance at a cluster of levels in between at 4431, which was rejected, and we have been sold back down to support at the 0.618 level at 4417. Momentum does look weak, so anticipate resistance to continue until we have some clearly defined momentum come through. If so, we...
After plummeting in the second worst day ever (by some sources), the S&P 500 is attempting to stabilize. We appear to have bottomed out at 4306, and attempted a 100 point swing to 4408. We are seeing a great deal of volatility in between as stocks jostle to establish value. Currently, we are meeting some resistance at the 0.382 Fibonacci retracement level which...
After their meltdown yesterday (second worst in history by some sources), stocks have pared back losses, retracing just above the 50% Fibonacci retracement level of the entire move. Indeed, we appear to be seeing the typical 'V-shaped recovery'. We will see if further developments in the Evergrande saga can sustain current levels or if we will have another...