The Media is always talking about the federal reserve to create FUD. Nevertheless, it was inevitable for the SPY to fall when it has been extending for so long. We are seeing a correction, and, in my perspective, I am still bullish for the SPY. Some say they see a head and shoulders pattern at the top, or the formation of one. However, the line that I freehandedly...
Fixed the channel lines on ES There's a chance it rallies off a double bottom, but I have no intentions of going long until RSI gets oversold again. Opening gap is dictated by the Euros, so gap direction could go either direction, but I would imagine any gap up gets sold off quickly. The market is running out of buyers in a hurry.... at least for garbage...
Those who stayed short - well done! The message of this chart is that for the remainder of this and early next week, the price can spend consolidating. I do not do intraday trading, hence, the strategy would be to take it easy, watch waves and add shorts if opportunity emerges. The price can continue crumbling down - I do not rule this out. At this stage of the...
AMEX:SPY has broken out of the ascending trendline that has held it for the past 2 years. We saw a bounce on the nearest support level of $424, but it doesn't look good for bulls. Without much strength and with the Fed meeting out of the way, there doesn't seem to be much catalysts to drive the price back to bull market levels. While RSI is at oversold levels,...
BTC is in a precarious and slow position. Affected majorly be the larger economy, rising interest rates in March, instability in Ukraine and general Corona recovery but weak economy - we're going to get thrown around. I would expect BTC to stay range bound between the hard tops at 39-40k and the hard low at 30-25k. This will give a middle range and a no entry...
Hello Traders - After the last few trading sessions you're probably almost convinced that the sky is going to fall out, that geopolitics are an issue right this moment, and that we're headed for a crash. I'd like to let you in on a little secret... When everyone thinks there will be a crash, there isn't one. Now don't get me wrong, we did just have a solid...
Above is a chart of the S&P 500 since 1950 (adjusted in Log). The yellow line represents the mean (average) price. It is well known that price naturally gravitates towards the mean, always! Notice how the price of the S&P 500 has not had a significant drop below the mean, since the early 1980's. It had a brief stint below trend, during the 2008 financial...
100+ Handles swings every day... Every Day. We adore that, but it wrecks Liquidity overall. Participants grow wary of losing every single day. And make No mistake 90%+ do lose Daily. ___________________________________________ It's easy to see why. They are lied to, spoon Fed complete Bullshit, and even then, the savvier Traders of the bunch... lose. Too...
I have been trying to only post when you will have 10 or so minutes to join me on the trade. Darn things fire off before i an get them posted. Do not want to post look at the trades I have done. Arrow marks spot i was half finished typing on and it took off, will keep trying to post early.
$SPY Alright… went with the 14 Apr 443 puts @ 18.50 even… Let’s see what happens… up already because of vix… GL —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I...
This is a bull trap. Downward trend is still in effect. It might be an opportunity to DCA in, but I'd watch future news closely.
I wanted to do a quick mid-week update as the price action has been interesting around the recent correction. The markets (both stocks and crypto) may have found a bottom. Are they still moving together?
The countertrend move on spy has been confined to a parallel channel and we hit the golden line, time for back down? can anyone give me some thoughts on this? looking for confirmation bias!! :D
If I had exposure to the US markets I would definitely buy SPY March 2022 360 puts , the market is severly underestimating the incoming volatility expansion.
ETH session market has rallied to test yesterday High. For this bounce to continue, market will need to stay above yesterday's Close. Level to watch 4413 ---- 4411 Report to watch: US:Consumer Confidence 10:00 AM ET
FOMC-DAY Today will be wild. Expect the Usual Bullish/Bearish Nightmare Candles right before the FOMC-Meeting and the usual trap and reversal. Given that the Market as a whole pushes like crazy since PM Start, i expect a top-resistance test at 442/3 With that push, a lot of Shorts trapped below from yesterday, If 442/443 fails, breakdown to give them a chance of...
The blue lines are the major support and resistance opening wedge. We got it to bounce off two days ago and now will stay neutral. The yellow lines are just support and resistance levels within the channel. Tbh, we will see how markets get affected today because of Powell talking today.
Today, we will look at TSLA and the current situation we are in. Technical context: - The price is currently on an ABC flag pattern (yellow lines) - The price is close to an ascending trendline coming from March 2020 - The price has reached a major support level (900.00) What can we expect from here? Bullish perspective: Inside the flag pattern, we can...