Weekly Chart Explanation: - Price was on a Descending Channel since April 18'. - Price bounced on the Support Zone and broke it. - Bullish Divergence on MACD. - Price is on a Corrective Structure before starting its up move. - If price breaks it, there is potential to move up towards the Resistances Zones. Updates coming soon!
4H Chart Explanation: - Price broke the Descending Trendline that started the up move. - Pullback on the Support Zone . - Now, it has potential to continue its up move towards the Fibo Levels. Weekly Analysis: Daily Analysis: Updates coming soon!
IT IS NOW CLEAR THAT A CLEAN 5 WAVES UP IS AT AN END .I have moved to a 50 % net short tues in qqq and spy iwm is nearing the taget zone of 164 plus or minus .5 and hyg is ending the rally gold i am net long nugt and wil take a 5% gain today and wait for last of cycles to bottom . the cycle low in sp is due 12/4 to 12/10 BEST OF TRADES
Quick one here. SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC. This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices. Another piece of information to bear in mind.
Yes it is nothing new or original, but it bears repeating. The inversion of the 2yr and 10yr US yields still remains the holy grail of predictive indicators, once these yields invert (the 2yr yields more than the 10yr) start your stop watch to recession. DO NOT BE CAUGHT OUT Protect your wealth that you choose to hold within the financial system, think about...
following the daily moves of past sessions. looking for a bounce to get long. targets in green. Have fun
Take a look at the SPX, a bounce is taking place but I don't think it will last long. This bounce can either start following right away tomorrow, Monday or hit the ATH resistance once more and drop again... We will see how it develops. Sell the bounce. Namaste. THIS IS NOT FINANCIAL ADVICE. ALL THE INFORMATION SHARED HERE IS FOR LEARNING AND ENTERTAINMENT...
SP-500/ Gold - #ValueCycle Analysis *Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500 *I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below) Macro Analysis: Lower Chart - After the lunacy of the tech wreck in the late 90's...
4H CHART EXPLANATION: The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350. DAILY CHART:
for ES add 4 points to all chart lines, Nice gap down open in a balanced over night session. so will be watching the red zone for directional trades. Inside the Red zone will trading it as a range but will be leaning more to teh short side and a up move before that would be great. On open will mark on my chart the half gap as a rejection point.
Since August 2019, the S&P 500 has entered into a "Channel" formation between 2823-2946, with trading being quite choppy ever since. Despite the market's volatility throughout August, it appears that the S&P 500 is making strides in trying to exit this "Channel" pattern to the upside. Two indicators to support the S&P500's move higher is: 1) The S&P 500's rising...
Earnings July 16 before open, 9000 7/26 $116 calls bought last week and still in OI. Inverted H and S on monthly, Weekly quad top. Stockcharts july seasonality for jpm and banks are 100%
The Main reasons to think that a bearish movement is about to star are the next ones: A) Same situation than the bearish movement in October 2018 observe how the price made exactly the same formation that is doing now, we can use it as a guide to develop our setup on this current scenario. B)The current Technical situation on the 4hs Chart: -The...
S&P 500/SPY Next level $277.64 - $278.00 1) We formed a bear flag figure. 2) We have 2 big impulses (Current impulse is 2) 3) We are under two moving averages 60 and 200 4) We are under clouds ichimoku Target is: $277.64 - $278.00
I enjoy making charts simply to see how close my ideas are, (disclaimer: I don't trade every chart I make), this one is no different. I am not holding anything in SP 500, but the bigger picture seems clear, headed to a bear market. My best guess is that we fall into a bear flag from here. Watch the RSI for confirmation, we could rally, make a lower higher and a...