Pair : SPX500 Index Description : Bullish Channel in Short Time Frame and Long Time Frame as an Corrective Pattern Break of Structure RSI - Divergence SMC - CHOCH Completed " 12345 " Impulsive Waves Fibonacci Level - 38.20%
SPY has had a good run this spring. However, things are changing. Just this week, the debt \ ceiling got raised. The fed will be auctioning large amounts of treasuries to pay bills. This is money that will not go into the equities markets. Buying volume on a dollar basis will likely go down as a consequence. On the daily chart with a double Bollinger...
Pair : S&P 500 Index Description : Impulse Correction Completed " 12345 " Impulsive and " abc " Corrective Wave Divergence Break of Structure Falling Wedge Consolidation Bullish Channel in Long Time Frame as an Correction
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,...
DIA daily went to a sell, waiting for price action to approach the P.O.M.O Position of maximum opportunity on DIA. With such a nice risk reward why not. My idea would be to play it via SDOW This short is riskier, Vix 1hr and 15min are R/R. DIA and SPY 1hrs went green. You just want to note the daily went to sell on DIA, waiting for it to retrace up to the pomo'y...
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
Pair : SPX500 Index Description : EXP Fiat in Long Time Frame as an Corrective Pattern and Completed " ABC " Corrective Wave Divergence Break of structure Completed " 1234 " Impulsive Wave EXP Fiat STF CHOCH - SMC
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...
Just look at that bounce from the secondary support line i gave you MONTHS ago to watch for and use IF and WHEN we lost the upper trend. This is NOT the 1st time this line has been the BEST time for you to buy. Who else made it this SIMPLE for you? The lines and the system i gave you to work with MONTHS ago is STILL IN PLAY.
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...
Zoom out, Take a breath. The structure is REAL and its STILL IN PLAY. UNTIL we actually get the BREAKING NEWS that we have confirmed WAR, or we have a real Black Swan to get us some crazy drops that slice straight through support and give us a NEW TREND there is no need for an overall new outlook other than what the Facts in the charts are giving us.
We found support from the selloff that bottomed and ended on the 3/13/23 from a scribble i had given you in the chart's months prior. The lines i gave you going forward i have used to buy anytime we are at the bottom of my lines and sell anytime we are at the next line above it and or overly extended away from the top line all together and then rebuy when we...
Pair : S & P 500 Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line Break of Structure Completed " 1234 " Impulsive / " AB " Corrective Wave Divergence Impulse Correction Impulse Rising Wedge as an Corrective Pattern in Short Time Frame
Since economic data means nothing anymore, and since the market is no longer has any connection to the economy, I guess we can rely on TA...? Who knows. It seems like the S&P has hit a ceiling as of now at the 200MA. RSI is high on the 1D. MACD has PLENTY of room to come down. Let's see what happens.. it could be a red September.
- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector. - we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow. - NASDAQ:QQQ / AMEX:SPY will be...
- 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
Don't let other accounts CONFUSE you with all their talk and analysis you don't understand about es#'s etc. if your just looking for basics weekly /day to day etc. for where to buy and sell just keep it simple. #KISS AVOID the noise. These lines and simple charts I've given you have worked PERFECTLY. Even the lower levels i was showing you as where we could drop...