Today we will take a look at MSFT. The 2nd company in the S&P500 based on market cap. The main bullish structure we have is the ascending channel , which started in March 2020 (bottom of the bearish market, after covid 19). Now the price is above that structure again, and we should assume that the structure is still working as a dynamic support. The main...
Breakdown of Each chart Top left - S&P 500 / General market Bottom left - QQQ / Nasdaq / Tech sector Top right- XLF / Financial sector Bottom right- Dollar index The Beijing Winter Olympics are almost here, shadowed by boycotts, fear of a possible Russian attack on Ukraine and of course the coronavirus. There’s been no shortage of issues for other nations to...
-We are still trading below the cloud on the daily we are seeing a bit of consolidation on the bigger time frames -I will be looking for a small move up but a bigger move down -Will be ready to play both sides depending on how we set up
I will say it again. Caution in all asset classes remains. How much risk are you taking on for how much reward you are expecting to acquire? Keep asking yourself that question. Better to be out of the market wishing you were in rather than being in the market wishing you were out.
Here is a couple of things we are looking to trade this week. NASDAQ:MRVL Nice Hammer Candle off the 200sma Taking a move over $67 with targets of $68, $69, $70 NASDAQ:TSLA Another hammer candle off trend and the 200sma Taking a move over $860 with targets of $865, $870, $875, $880
AMEX:SPY this week we are looking a possible price increase on the SPY, its about to clear MA 200 wich is an example of pass trade on the SPY.
Shit Mix everything with 5 different Count breaks in the Wedge. To be expected, although it makes it difficult to determine much of anything. Large Moves are easy to project, in short term the Risks rise exponentially as the VX rips both directions. I do not believe we have made a Low, that said, the Operators are gong to tell us this week. Given the 13/13...
I LOVE when their confluence of setup, demand zone + 200 SMA + Daily Support + Huge volume zone all that indicate a bounce from here for the short term at least. PS: RSI divergence on hourly
BTC has recovered well from its recent dump into the mid 30's area. It's creating a rising wedge in a falling market which is a low risk high probability short entry target to watch. I've posted previously that I expected BTC to bounce around for a few weeks now which means you must be careful and patient about you entries. Started my short position in the 38k...
$SPY $QQQ I was reading a book about Wycoff and one of the lines said something like this... "In the beginning of accumulation, the stock is held by strong hands and professional traders, as the trend continues the asset is transferred to those of weak hands and retail traders" I created this chart to give a macro perspective on where the current market is....
Hourly chart forming a symmetrical triangle pattern. Rejected 200 day MA - 01 /26/2022. Break out of the upper trend line, currently retesting the 200 day MA resistance. A break through the 200 day MA would be bullish - Close on Monday will determine this. The perfect scenario would be a clean break through of the 200 Day MA, following a retest of it as...
$IMTE bouncing off the 1618 retracement. This can go higher with the $SPY looking to reverse upward
Retesting the Lows... is usually a higher Probability. Trusting the 2nd Test... difficult as if it goes through it by 20 Handles, it's heading lower. Overthrows are common as well, in order to Sustaiai a relief Rally, they need 2 Items: Persisitne Sellers of the Retail Variety. A collapsing VX...
How long we wedge out appears to be another Trap. With many larger indicators suggesting there is more to come on the downside for the Completion of a 5/5 for 1/5 IT. Weekly and Monthly remain Negative. IF Defense were to pick a time to defend the Goal line... It is this week as the downsides Objectives would be at minimum a retest of 4212 with a Gap at 4010....
SPY's price action has been really crazy lately. Like what the heck dude, shit's jumping $20 in both directions on the same day. Where do you guys think SPY is heading?
The SP500 can be priced in multiple currencies. This unique TradingView feature can be accessed at the top right of your screen. The European market has a lot of money behind it, and they invest heavily in the American market. When pricing the SP500 in EUROS and comparing it to the USD, there are some key differences that allow a technical analysis focused trader...
This set up looks too nice. Stop goes just below. If all goes well in Ukraine we should be ok into Feb.
The ES is within the same Wedge Range as the NQ. We are seeing a 50/200 Cross setting up on the A/D MA's. FANG Peeps report this week... so we have the Potential to continue ranging as they begin to report into the Break of this wedge. __________________________________________________ Weekly and Monthly remain weak, the ST durations are oversold, although...