-Make sure Y'all stay strapped with that BP ready to attack starter puts then she should bounce later on in the week
- As we notice here we broke below the 26-day ema now on the daily which isn't good at all
- We are looking to have a pretty red week But here we have some clear direction so I will be Playing puts on SPY all the way down to around $450
Expecting price to hit the $455.50 support before pushing back up to retest the $464 level. Price will either break or fail this $464 level. Personal, it looks like a break and retest could play out but there is also a gap to fill at the $469 level. What do you think?
The movements of the stock market and digital currencies will be dependent on the head and shoulders pattern on the US Treasury bond index, which gives an indication of the imminence of a major price explosion if it is broken upwards, which means without any doubt a significant decline in the stock market and digital currencies as well. also keep buying stocks as...
✅We talked about MACD indicator and 2 ways that we can use it.
I really enjoyed making this video, I hope you as well. 🙏
We will continue our education videos, so, i am looking forward to sharing them.
Take it easy.
~Bo Bugra Sukas
✅We talked about MFI indicator here.
Investors are to take note of the end of Daylight Saving Time (DST) that will effectively have the US exchanges open at an hour later, depending on your time zone starting today.
$SPX is currently closed at 200% ATR(14) away from its 10 days moving average, the first time since September 2020. Data on inflation will be the highlight of the U.S. economic calendar...
What a crazy ride this has been the past week.
life is funny and makes things a little more difficult right before there is a break through.
IDK what the narrative will be here in the next couple of days/weeks though this is coming down no matter what.
The music will stop all together or pause briefly for a quick rush to the chairs like a nice game of musical...
See my Previous post for more information - in short, I believe it is really about time to start hedging long exposure to the broad U.S. Stock market.
- SPY tested both the massive broken trend line from march 2020 yesterday and got rejected.
- This Coincided with a rejection off the upper 1D Bollinger Bands.
- The insane long term RSI...
If you believe that technical analysis has any prediction power at all (I highly doubt that it has in any other environment than highly speculative ones due to self-fulfilling prophecy)
and you are net long the S&P500, then you might want to rethink.
- Very soon (possibly) testing broken trendline from march 2020
- Massive divergence on volume since...
Expecting a Y leg downwards within a WXY complex correction structure. This will create around a 6-8% drop in the S&P500 over the next month or so. The drop will likely take the form of a three-legged correction (internal WXY subdivision) which will end with a large acceleration downwards.