BUY ABOVE - 5122 SL - 5109 TARGETS - 5128,5140,5150 SELL BELOW - 5109 SL - 5122 TARGETS - 5100,5091,5083 NO TRADE ZONE - 5109 to 5122 Previous Day High - 5122 Previous Day Low - 5091 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 trading inside a narrow Channel Up pattern. As long as the price stays inside, we remain bullish on the index. The ralies inside it have been quite symmetric as well. The MA50 (1d) has been supporting this strong bullish trend since November 03 2023. Trading Plan: 1. Buy as long as the price remains inside the Channel Up. 2. Sell if it breaks below it...
Stodgy old NYSE:IBM has had quite a run over the last few months. I am sorry to say I have missed it. Earnings are now out of the way and as you can see, we have a 3-weeks tight pattern. It has recently been setting new 52 week highs as well. If you are a Wiiliam O’Neil follower, he states in his writings that a 3-weeks tight pattern can lead to some serious...
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CCJ leader of uranium. CCJ has been developing a text book Livermore Accumulation Cylinder. In the last uranium bull market CCJ developed this accumulation cylinder over 4 years from 2000-2004 and now its doing the same accumulation cylinder from 2020-2024. We are in the final flush out stage 7 before an explosive wave 8 up. The chart on the right shows...
Trading Plan for Monday, March 11th, 2024 Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5196, 5187 (major), 5181, 5176, 5168 (major), 5163 (major), 5155, 5147, 5140, 5136, 5131, 5126 (major), 5116, 5108, 5103, 5095, 5090 (major), 5084 (major), 5076, 5072 (major). Resistances to Monitor: Key...
Month after month, the United States has been reporting strong labor market conditions and lots of new jobs being created. However, revisions to past data are often less talked about in the media, which might tell a somewhat different story than headline numbers at the time of their announcement. Friday’s report shows that nonfarm payrolls rose by 275,000 in...
BUY ABOVE - 5128 SL - 5118 TARGETS - 5140,5150,5160 SELL BELOW - 5118 SL - 5128 TARGETS - 5110,5100,5092 NO TRADE ZONE - 5092 to 5110 Previous Day High - 5188 Previous Day Low - 5118 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...
#SPX The price is moving in a downward channel, and we are about to break it higher. On the 4-hour frame, we saw clear upward momentum after some correction occurred. Current price is 0.3715 The first target is 0.3930 The second goal is 0.4100 The third goal is 0.4290
I do not know how long this has been available on @TradingView , but I just discovered it and wanted to make sure if you didn't know about it, I would bring it too your attention. On the SP:SPX chart at the bottom when economic data is going to be announced or recently announced, click on the "Flag" icon(s) to see what it is. For example, jobless claims,...
Yesterday, the SPX formed an opening gap and erased some of its recent gains, which was accompanied by nearly a 10% jump in the VIX. What is particularly interesting about this is the formation of the island reversal pattern on the daily chart. The formation of this topping pattern and simultaneous rise in the VIX after a period of strong gains in the U.S. equity...
Trading Plan for Friday Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5155 (major), 5146, 5140, 5133 (major), 5125 (major), 5118, 5113, 5106 (major), 5101, 5088-92 (major), 5084, 5073, 5065, 5057-60 (major), 5052, 5046, 5040, 5032-29 (major), 5022, 5018, 5013 (Major), 4998-5000 (major), 4994, 4987,...
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