The Combined US indexes are clearly in bearish divergence, as previously described. However, it appears that there is a thin underlying technical and funding support to push this index(es) into the Fibonacci target over the next couple of weeks till the end of April. A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside...
Corrective move down to area that was a previous funnel zone makes sense in my mind... 1st step and then assess once we are there.
Bulls have finished last week with a spectacular rally. It was quite clear that they were taking some rest before a run but even I was surprised by their Friday achievements (see ) The outlook for this week is easily defined: BULLS, BULLS, BULLS. The daily chart looks great (daily uptrend, new high), there is absolutely no warning signals on lower timeframe (last...
One hour to go buyers fight for 1.5 sigma upper Bouhmidi-Bands
Market has been trading in a range for last several days with increased volatility. Could today be any different, probably not. Any test of yesterday's High could provide direction for the day. Level to watch: 5132 --- 5134 Reports to watch: US: Jerome Powell Speaks 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
Trading Plan for Thursday Market Sentiment: Neutral Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5100, 5093 (major), 5087, 5082-79 (major), 5078, 5070-73, 5058-60, 5052, 5045 (major), 5033-36 (major), 5028, 5018-20 (major), 5013, 5008 (major), 4998 (major), 4988, 4978, 4969, 4965-63 (major). Resistances to Monitor: Key Resistances:...
Hello Birdies, Here is the market overview for today what we are seeing on BTC, DXY and SPX. Trade well and stay safe.
BUY ABOVE - 5110 SL - 5100 TARGETS - 5118,5128,5140 SELL BELOW - 5092 SL - 5100 TARGETS - 5083,5077,5066 NO TRADE ZONE - 5092 to 5110 Previous Day High - 5128 Previous Day Low - 5092 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it...
S&P500 is bullish on the 1D timeframe (RSI = 61.459, MACD = 50.390, ADX = 31.702) but the RSI has turned sideways for a long time which is the same pattern that led to the July 27th 2023 High. The index has had three major corrections inside the long term Channel Up, ranging from -8.16% to -10.64%. We expect the index to decline by at least -8.00% in the next 1...
Keep It Simple and Trade With the Trend. As a trader, you have probably heard the old adage that it is best to "trade with the trend." The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. There are multiple ways to spot trends, direction, and...
PX is currently in an ascending wedge with bearish RSI divergence wait for a break of trendline and retest of support before taking a position with stoploss at last swing high and target at next area of support, moving SL to BE when safe to do so and then follow with a trailing stop looking for a bigger move down. Good luck traders.
Market Sentiment: Neutral Weekly Volatility Risk: High Trading Plan for Wednesday Supports to Watch: Immediate Supports: 5081, 5073, 5063-66 (major), 5057, 5052, 5044, 5035-40 (major), 5028, 5022, 5018 (major), 5013, 5009, 5003, 4996-98 (major), 4987, 4983 (major), 4976, 4970 (major), 4962-66 (major). Resistances to Monitor: Key Resistances: 5088...
While the market continues to rise and investors grow confident the rally won't stop, the VIX keeps subtly making higher highs and higher lows. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a...
BUY ABOVE - 5092 SL - 5083 TARGETS - 5100,5110,5120 SELL BELOW - 5077 SL - 5083 TARGETS - 5066,5057,5047 NO TRADE ZONE - 5130 to 5140 Previous Day High - 5110 Previous Day Low - 5057 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it...
This is going to get interesting. I find myself lazy to post charts but also wanting credit for the Gold in my brain. Its time ⌚
If you haven`t sold AAPL after after Buffett trimmed his position in it: Then you need to know that at 12.90%, Apple is the Nasdaq Composite's largest stock by weighting, followed closely by Microsoft at 12.14%. Even though Apple has diversified its product line with Watch, AirPods, and services, the iPhone is still responsible for 52% of its revenue. Today,...
Hello everyone! First two new charts for 2024. Another year another upside logic market. We're breaking ATH with continually decaying economic data, new banking troubles, new wars, and an election year and markets ignore it all. It's a Fed controlled market so mysterious!? Anyhow, in this chart I did a vague not so accurate EW that began Jan 2022 that bottomed...