🔹POSITIVE signal with breakout resistance at 436 Rectangle formation. 🔹Support at 430 and resistance at 458, 477. 🔹Technically POSITIVE for medium long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and...
On the 30- minute chart, SPY is in an uptrend continuing from the end of the last trading week. I see this as continuing for the following reasons on analysis: 1. The Lorentzian AI machine learning indicator's last signal was a buy signal. Given its specific accuracy of 73% as the table reports, I suspect the uptrend will continue until a sell signal...
TQQQ Trade example SQQQ SPXS SPXL SOXL SOXS YINN YANG
🔹POSITIVE signal from the rectangle formation by a break up through the resistance at 86.23 and next resistance 113. 🔹Between support at 75 and resistance at 95. 🔹Technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse...
I have been DCAing into SPXL and TQQQ the last 3 months. 5% left to allocate for these accounts and will DCA that the next 3 weeks presumably into any pull backs. We got the MA 200 break out folks. Holding this trade for at least 1 year.
AMEX:RSP = equal weight SP:SPX We see that volume has been very good AMEX:SPY is underperforming it & that is a good sign NASDAQ:NDX underperforming as well This means money is moving around & every one gets a chance to play AMEX:IWM TVC:RUT has legs, call that it would break out was good It also had great volume a few days ago IMO #Stocks have what...
Not fan of the SP:SPX , prefer the smaller TVC:DJI & tech heavy NASDAQ:NDX BUT It is always good 2c more breadth So much negativity it is EASY to be a bear BUT Been saying for some time, outside few shorts here & there, momentum = BULL Last 2 days volume decent and AMEX:SPY shows it bit better RSI broke 1st downtrend & about to face more important one,...
With the TVC:VIX breaking the symmetrical triangle, see previous post, to the downside we're seeing high levels of complacency. Much of this doesn't make sense but we've been saying for the longest times that markets are IRRATIONAL! With #SPX breaking we could very well see a bigger push and faster. At the moment they are saying it's just a handful of companies...
TVC:VIX mini inverse head & shoulder pattern has gone way of dodo bird Long term trend has been broken for some time We stated long ago that the direction this would be broken would show how #stocks would react What does SP:SPX look like it wants to keep doing? Will post quickly right after this #SPX #VIX
TVC:VIX gaining some momentum on the daily but cannot deny the damage that was done to it last month #VIX is a tad harder to chart but it does look like it wants to bottom here Opening AMEX:VIXM put selling strategy = bull Keeping tight stops @ support levels
We have fallen below the upward Extra Bullish trend channel i gave you back at the MARCH lows. It seems rather clean and clear that currently my channel is now acting as Resistance so its still in play so to speak and worth keeping and watching. When everyone FREAKED out and sold off the crash we really only dropped to EXACTLY the 1st line of support from the...
- SPXL has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - SPXL is moving within a rectangle formation between support at 62.45 and resistance at 83.75. - A decisive break through one of these levels indicates the new direction for the stock. - The stock has marginally broken up through resistance...
Of course this is a leveraged ETF, but the underlying indexes, SPX, and futures, /es both look the same. The context is as follows: I looked for previous years where the S&P500 had a large drop, and then formed a flat top wedge over the coming months. I found 3 instances that you can see annotated in the charts. If you examine these formations you will see that...
Does anyone remember last year when I kept talking about WHEN gap fill 420? NO well that's ok it can be found in my Trading view history. That scenario is looking much more likely all the sudden. For ME personally the BIG question will be how much more Bullish do I feel when and IF we get there. Is this just a LATE gap fill and or re-test of that area and...
Yes, we are in the middle of something, let me explain. we have a well formed rising wedge that is a bearish pattern, inside of an giant bull flag in theory we should se that pattern ending but that pattern is inside of 3 symmetrical triangles, one confirmes another 2 close to be confirmed, the symmetrical triangle is a reversal confirmation, so we should see a...
- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up - If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up. - SPY is approaching some key resistance around 410 area also potentially...
Excuse my absolutely HORRIBLE art skills😄 $VIX USUALLY stays close to a "bottom" for few days Kind of an exception = yellow We're closing in to lower end of the symmetrical triangle #VIX tends to bounce there $SPX has had issues in this area, it does look better than before Weekly volume on $SPX, see that? #stocks