WILL STOCKS CRASH MORE ON COVID19-20 PANDEMIC? Have to say Stock market rally it is a good thing for people who trading for living. Looking at current daily price of SPX I can say we going to see resistances on EMA21 and 2750 and 3000 levels. I lined current price action with channels and trend lines. We get a sharp V shape near 2300 support. What will...
hey guys, pay attention to this falling wedge pattern on 4H. currently, we see an attempt of bulls to break above it. we need 4H candle close to confirm a breakout, then we are free to buy the market expecting a retracement at least to 2690. good luck! please, support the idea with like and comment! thank you!
These last few days spy is relatively slow. This is the calm before the storm. Currently, the market is accumulating volumes and we are preparing for the next wave. I don't know whether we will go lower, or finally, we will see a pullback. No matter what is gonna happen, here are key levels to consider: in case of a bearish breakout below current support,...
Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and...
I noticed that some traders and investors have already started buying spy on discount assuming that the market has finally found its bottom. BUT Look at a daily chart: key 2330 level still is not reached! I still believe that the market can go lower and at least the underlined level will be tested, and who knows, pullback and next wave to the downside. too...
buyers show their unwillingness to buy on dips. the market went rejected after a minor retracement from 2888 support. looks like selling volumes are accumulating and bears preparing for a breakout. the best strategy for us to follow is to sell the breakouts of these key levels expecting a drop to the next one. Key levels: 2744 2560 2343 note how perfectly...
The region of 152.5 and 155.5 is extreme resistance for gold. We do have a bearish divergence and resistance as well on the RSI. Gold can either push one more leg up to the resistance are and then drop, or its possible it drops now and gets ready for this next leg up. Anyhow looks like soon a retracement is coming.
IV is low Debits are a good option because it's an ETF, ER becomes less important. Seasonally strong right now but beware the bloomberg pump as I mention briefly in the video GL HF xoxo snoop
Staples have been outperforming Discretionary for a few months, but looks like trend could break soon
Gold is maneuvering its Price in a interesting Position. But if you are planning to open long Positions on Gold you should be patient rather than being fearful of missing out potential upside. Almost everyone looking at the Gold Chart will spot the Bull Flag and will see this as a signal to jump on a long trade. Such a decision definitely can be categorized...
For traders who prefer simple trading strategies, the KST oscillator should be considered for evaluating: Breakout trading signals. Assessing the strength of a trend. How to use the Know Sure Thing zero line to spot bullish and bearish momentum signals: A buy signal is triggered when the Know Sure Thing crosses above the zero line. If the KST moving averages...
hey traders, after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily. On 1H chart the market is consolidating and coiling within a narrow trading range. If bears break below the range, for us it will be a perfect signal of a bearish continuation and potential second bearish leg. Target levels...
Let's take another look at the SPY... I might not get the exact bounce length, but I always get the drop... And this one is dropping. We see a new all-time high that is shy from a double top... As soon as this high was hit, you can see a break of EMA10, our main support. With this little information, I can tell you that the SPY is done. There is bearish...
though I have already shorted spy, for now, there is another perfect selling setup for those who missed the trade. on 4h chart the market has formed a classic double top pattern with lower high and RSI divergence. I trade this reversal pattern waiting for a bearish breakout of minor support beneath it. T1 - 2945 T2 - 2900 Stop - 3028
hey traders, though I have already shorted SPY following bearish gartley pattern. for structure traders we now how a perfect confirmation. the market has recently broken below the support line of a rising wedge and rsi shows clear divergence. I think that the recent gap well most likely close, and then you can short the market. T1 - 2940 T2 - 2880 Stop - 3040
potential short based on structure on s&p500 entry based on the completion point of bearish gartley pattern Entry - 2998 T1 - 2931 T2 - 2860 Stop - 3060
hey traders, be focused on 2860 structure support. if bears break and close it, for us, it will be a perfect signal to short. Target - 2830 Stop - 2885