The Consumer Non-Cyclical Sector SPDR Fund has been in a bull trend since the end of the financial crisis. An internal and stronger bull trend has taken shape since shortly after the US elections in November 2016. However, this fund is currently near its long-term resistance point which will most likely lead to one of two future moves. The fund could break above...
The Consumer Cyclical Sector SPDR Fund has been in a bull trend since the end of the financial crisis. An internal and stronger bull trend has taken shape since the US elections in November 2016. However, this fund is currently at its long-term resistance point which will most likely lead to one of two future moves. The fund could break above this long-term...
I see this movement potentially setting up. I plan to write on this in a few more days after the stock moves up a little further. The initial play will be to the downside. The stochastic is overbought and RSI is nearing that area. A drop is coming, but I am anticipating the stock to rise long-term. Bearish over next month. Bullish after that
First Solar has been in a clearly defined downward trend since between May and August of 2016. As of the close on May 12, this stock is at the top of the cycle which is near a strongly established resistance. The projected future movements are highlighted below. When we take a look at other technical indicators, the relative strength index (RSI) is at 81.4842....
FX:EURJPY Another pair with a hidden divergence formed and overbought stochastic conditions, ready for a retrace back into previous support.
FX:USDJPY A lot of MACD hidden divergences have formed, together with the stochastic overbought conditions, makes me think we will see a retracement back into previous support.
FX:AUDNZD A hidden divergence has formed on the MACD, coupled with overbought conditions on the stochastic. This makes me believe we will see a return back into the previous support level, to continue the trend.
FX:USDCAD A long term divergence has formed on the MACD, coupled with overbought conditions on the stochastic. This makes me believe we will see a return back to the previous support level.
-coming up to 200 day ema resistance -conservative tp as it may find support off the kneckline before retesting the 200 day ema again. -overbought stochs -bearish divergence
Nothing is definite yet, but I will be looking for signs of possible Euro weakness, on this chart, and on other Euro pairs. This trade setup is similar to how I shorted GBPUSD towards the end of last week, using the Stochastic Oscillator and selling at resistance I called this setup a symmetrical triangle but the resistance trendline was broken, mainly due to...
Please see annotated chart for details.
It appears that Apple might be coming up on some strong resistance soon. possible completion of an AB=CD pattern is almost complete as well as the .618 retracement taken from the Nov 4 2015 high and the may 12 2016 low additionally my stochastic indicator is reaching the overbought condition. will look to go short @110.55 all comments welcome Thanks for...
Turning neutral and watching closely. I think good entry for e retracement IMHO - RSI & Stochastik with bearish indications and market is very overbought. - bearish engulfing and hanging man (confirmed with bearish engulfing) - spreads have been weak the last three days already indicating a trend change I am neutral with a bearish bias, but need more confirmation IMHO