There is strong resistance building below at around 2110 at fib 0.618 of last wave which I do not belive we will break
I'm offering this idea as an alternative scenario to the larger "possible" Primary H&S which started forming last year. If 2 of the major catalysts (Oil & Fed meetings ) in March are received well by the markets I'm imagining it playing out something like this leading into 3rd quarter. I listed the various Inflection points I felt were relevant. Sorry if the...
Frame your trade is more important than what indicator to use or what line to draw.
Updating my count. Let's see if institutionals confirm the triangle or if they prefer to manipulate price into some different direction...
Menu for Christmas: - FED offers a rate hike; - Santa Claus offers a little triangle.
XLU - the SPDR utilities sector ETF is struggling to get back into macro uptrends, while showing no bias on short term. On long term perspective the price is trading around upper 1st standard deviation from 5-year mean, which is a 5-year uptrend border. The price is also technically in 10-year uptrend, trading above the upper 1st standard deviation from 10-year...
XLK - the SPDR Tech sector ETF s in firm uptrend both on macro and on micro perspective, and it is the best-looking US sector ETF from the SPDR range. On long term perspective price has broken back into the 5 and 10 year uptrend, trading above upper first standard deviation from 5 and 10 year means respectively On long term perspective price has recently broken...
XLB trades within uncertain territory both on macro and micro basis. On long term perspective price has failed its 10 and 5 year trends, and now trades between 2 macro levels - the 5-year mean at 41.50 and the 10-year uptrend border at 46.50. On short term perspective price also showing no particular trend - XLB is trading within 1st standard deviations from...
XLI holds 10-year uptrend at the august selloff, but did not yet recover its 5-year uptrend. On long term perspective price has failed its 5-year uptrend (fell below 5-year uptrend border) and tested its 10-year trend during the august selloff (tagged the 10-year uptrend border). The 10-year uptrend test proved successful and the price has been recovering since...
SPDR® Barclays Long Term Corporate Bond ETF (LWC) fell out from 1-st standard deviations of quarterly (66-day) and 1-year (264 day) means, thus entering a full-blown downtrend. This scenario is only cancelled if price gets back within 1-st standard deviation from 1-year mean (above 38.7) Traders can take short positions off 1st standard deviations from quarterly...
1. I measured the distance off the Ichimoku Cloud, just before markets crashed in 2000 & 2008. We are definitely way too above the cloud support right now (Approximately $69 off the cloud support or 56.27%), let alone the 50 & 200 moving averages. 2. Assessing the data after 1994, the JMA2 moving average is currently in the longest uptrend streak ever, which has...
Gold, Silver, Wall Street, Oil Relative performance at 4 time frames Note the drastic difference post-2007. Also note the chaos of 2014
Confluence of CD=1.618 AB, 2.24 BC extension and 1.618 leg of the Deep Crab pattern all converge in a tight area between 95.62 and 101.40. In addition to this they converge to the logical number 100.00. Hence a pull back, not a reversal, sounds like a tempting trading idea. Stop Loss order: 103.00 Entry: 97.45 Target Profit : 75.00