Just a quick recap of what the market did and my thought process behind trades that I took.
Lets, take a long here... Aiming 3850 SL 3650 Entry, CMP ! Regards !
An enjoyed bear market bull run by many again for the 4th time. still so many market catalyst in my opinion that could shock the market. it will only take one for the market to reverse and from a technical point of view there's plenty of reasons for an incoming reversal. Major Trend line overbought RSI gap fill and many others. I see it potentially breaking the...
The final crash is happening. Its gonna hurt a lot. Take care.
two targets 1: 100pints 2: no target just a trailing stop Concerns: the market reverses on monday as I dont really believe that the CPI data really justified a complete market shift fundementally but I am following the trend cautiously stop 100 points Trade rating 4/5
The dollar had another spike above 113.5 and got strongly rejected, this shows weakness and is likely to attempt another leg don’t to 110 support leading a rally next week for #stocks, #commodities and #crypto if the correction happens. DXY needs ground to rally again, I can’t see breaking resistance until it set another higher low and it still has room to make...
I overlaid the VIX on top of SPX. Lets take a look at history and some realistic poinst to bounce from mania phase. The SP500 is performing better than the nasdaq. We are about to have a death cross of the weekly 50 over the the 200 ema/sma, on weekly candle on both indexes. I did a over lay on the nasdaq as well and posted. VIX hasn't even spike. Technical...
Over the past two years since the corona collapse, the index has recovered 2.2X. We will likely reach the support levels indicated on the chart in the next half a year. There will be a correction, a period of recession. The markets are overheated, full of artificial money. It is influenced by the news background, the policies of the world's largest economies, the...
We often hear about the dream of Bitcoin decoupling from the major markets and how that will look and when that will happen. I think it is a great topic to pay attention to and take note of. You want to try and use ANY and EVERY tool you can to be a better trader and or look for any opportunities to seek out a correlation missed by others and use it to your...
We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C. A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail. Best...
If you're new to reading my posts or following me, you should probably read this 1st post ( Click here to read 1st first) I put out to give you some context before reading further. This morning I updated my followers and said. "I would like to complete our 5th wave of minor sub wave iii today with a breach of the June Lows." (click to read that post) We...
Hey traders, in tomorrow's trading session we are monitoring US500 for a selling opportunity around 4100 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Current bounce spot is here.. 388-390 is that level. Sell through it and we see plentiful more downside to come on it. Would think 406 is still possible to the upside if it can get bought up although I'm not buying this myself.
Here is my prediction of the SP market bottom. How do we get here. well currently the small and medium stocks that were overpriced have been smashed, I'm talking about all specs the poster child of the 2020 run, all speculation stocks lemonade, zoom, peloton and other retail favourites have been killed. Ive always said the market will bottom when the big names...
CME_MINI:MESU2022 Current market structure, sell-side was taken with a displacement to the upside. Entering long after 8:30am on a return to a discount relative to the current trading range. Stop placement below 3903.25, targeting previous day high. Keeping the risk low because of non-farm payroll. Anything can happen!
Opinion: - ES1 tested demand zone and successfully bounced from it. - Break Above 150D MA showing bullish momentum Strat: - Sit - Assess Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The...
This is a follow up to my previous SPS500 analysis. Have a look at the idea mentioned below to check the wave structure on Daily Chart: Currently we are in B wave which due to bullish sentiments in the market expanded above the start price of Wave A. Similar to NAS, I am anticipating the converging diagonals on SP as well while expecting the drop in prices by next week.
We saw nice pump on Friday before market closing and an upward gap upon market open showing that the bears are getting hammered. In meantime, I would like to point out on the overall outlook on S&P according to daily time-frame. As you can see the correction shown on daily time-frame which consist of simple WXY waves are still underway. I am currently projecting...