SPY on the 2H chart shows the past six months of trend. SPY has been in an ascending channel
but fall out of the channel. Iran's ambition to retliate against Israel and the movement of US
NAVY warships into the the Middle East raises concerrn as does "sticky inflation" and early
earnings reports from big banks. On the chart, trend angle analysis suggests the...
The idea is shown on this 120 minute. With the new sticky inflation data, the writing is on the
wall. Likely the rate cut will be kicked down the time road. When is in consideration may be
a rate hike in the meanwhile. Mortgage rates unchanged makes the banks suffer. Loan
applications are down. Treasuries are being affected. So are tech stocks that have a...
QQQ is on a weekly chart. Only the pundits, soothsayers and headline readership volume seekers
know for sure. Will not the upcoming elections prop things up? Buy in March April and May
and then go away? Is this spring coming up roses or instead dandelions?
#SPX
The price has been moving in a descending triangle since July 2023
We are now on the verge of breaking the downtrend
The moving average 100 was broken to the upside
Current price 0.3852
First target: 0.4300
Second target 0.5075
Third goal 0.5979
Pair : SPX500 Index
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line
Break of Structure
RSI - Divergence
Impulse Correction Impulse
This market has been quite a tough one to figure out. As I have stated numerous times, it's become a game of chance. The markets have proven to completely ignore the horrible economic data, missed earnings, geopolitical crisis, QT, and so on.
At this rate the stock market I believe is owned by just a small number of people and so I suspect we will see less and...
If we use the Elliots Wave like in 2022, this is how it may play out. The selling has been steep enough to apply the Elliots Wave here.
Catalysts for Oct is a hotter than expected CPI/PPI, especially with fuel inflation rising and fuel prices rising back near record highs.
Bearish Technicals: (1-Week)
- RSI
- MACD
- MFI
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On the contrary, these moves...
SPX will be the first update from TheTradersRoom.
SPX has hit its desired target we have called yesterday - 4904.50-4909.50
So I call it a perfect hit. Today's reversal came on a heavy selling, also got a black reversal daily closing SPX candle, which if not broken 1c above should mark at least a temporary top.
If the price did find its top, then tomorrow's open...
QQQ is here on a 30-minute chart showing its pivot down from a near-term high in a descending
regression channel. Advanced RSI and MACD indicators are used to better pinpoint short entries
in this downtrend especially with put options contracts with expirations every other day.
Greed has turned to fear. Those equipped with experience and risk management can...
SPY on a 30 minute chart shows a rising wedge over the past week. Price is now under a nearly
flat upper trendline of resistance while the support trendline is rising. The dual TF RSI
indicator shows strength about 70 while the zero lag MACD shows a K /D line cross.
Because of this I believe, SPY may retrace to 468 or the level of the Fib 0.5. Since SPY is...
The AMEX:SPY is underperforming AMEX:RSP (equal weight SP:SPX ).
This means that underperformers could very well pick up the slack & outperform the Big 7 going forward. They have been performing well.
The Volatility Index TVC:VIX is down on the day BUT up from open.
Will the moving avg's push it lower or do we get some sort of support here? This is a...
TVC:VIX is almost @ the MAJOR SUPPORT level we have spoken about many times.
IF this 12 area is broken it has a history of going as low as 10.
Sub 10 = R A R E!
Pulling back to this area after a high VIX, then normalizing to a low #VIX, it has signified a GOOD CBOE:SPX RUN.
After some time, shortest span was 2 years, the VIX eventually trades higher &...
Daily TVC:VIX seems to be heading lower, likely retest 13.
Weekly not much sign of holding, maybe 12?
Longer term the trend from 2020 is obviously broken. Even the monthly can't help now.
There is STAUNCH support @ 13 then 12.
This area has been strong for a long time.
BREAKS? Then 10.
#ViX
Hello everyone, In yesterday's trading, the index price took advantage of repeated positive pressures to jump above the stable barrier at 4422, thus recording significant gains by rushing towards 4515 , thus achieving the previously suggested goals.
The price is currently still under the positive influence of the Stochastic indicator positioning within the...
SPX is now at a key level of prior resistance. Will it be as simple as prior resistance turns into support for SPX?
This is definitely an area to watch.
Very important to keep eye on the $VIX.
So far today we have a HUGE reversal AND a possible Bearish Engulfing.
SP:SPX AMEX:SPY #SPX #SPY #VIX
#stocks #StockMarket
Pair : SPX500 Index
Description :
Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction.
Entry Precautions :
Wait until it Complete its Retest and Rejects
CBOE:SPX chart is quite INTERESTING.
We can see the obvious short term downtrend.
We're currently at the bottom part of the GAP.
Volume has been a lil lighter, holiday is likely the reason.
RSI broke the downtrend it was in
Maintained the longer term 2022 low up trend.
Can AMEX:SPY reach the top part of the current downtrend?
AMEX:SPXS AMEX:SPXL...
