1 HOUR ANALYSIS STOCK MARKET -NETFLIX AND FACEBOOK- EDUCATIONAL PURPOSE ONLY-
The market is telegraphing, it’s letting us know how it is feeling and I can assure you the feeling is not one of joy. One of the stocks that is looking sick at the moment is AMZN. I am expecting to see a BIG drop in the near future that should bring AMZN down to the $1200’s and the UGLY part of this prediction…. This is not going to be the bottom!
For a market short, the positive price correlations for Boeing seems to be stable. I think that a price target of $350 should happen extremely soon. Also for a long position, within the next 30 weeks, I believe it has the potential to beat its 52-week market high which would be indicative of a strong stock with a conservative growth strategy.
Lately there has been a lot of concern around the current market conditions. Many believe that this is simply the beginning of what will be a prolonged retracement, and we are seeing the early signs of a recession.. As a trader, it's easy to see such a huge drop, accompanied with countless bearish news articles and immediately switch from a rational perspective of...
SPX500 is showing clear signs of bearishness with the formation of head and shoulders tops, 2730 level being the clear resistance. We will have confirmation of downtrend underway once the hourly candle closes below 2702 support level. I expect the market to make its move following US midterm election's results
Wednesday's rally did indeed hit resistance at the 2732 level and then pulled back some (green arrow). Enough for partial profits but nothing to write home about. The pullback was short-lived and continued strength on Thursday gave way to a significant breach of the 2732 level on Friday (red arrow). To me this means one of two things: 1) I have the wrong...
Pot stocks can pump like there's no tomorrow. TRTC never had its big pump. I hear fundamentals are good. Sitting at long term support with a fantastic r/r.
I use historical analysis, not to base my decisions, but to see the options laid out on the table. The market is the magician; if you watch the trick unfold before your eyes - before you know it - you missed the slight of hand. FYI, I believe crypto will play a huge roll in our daily lives and I am long term bullish. I make calls with big play(er)s. There is no...
Alibaba for the next week or so may have some small negative correlations due to concerns over trade in China and the recent effects tariffs and political decisions had on Asian markets. That being said, it is coming in on a strong for positive correlations when looking at a 2 month time period. An expectancy of a $150 price tag should occur within January and it...
Price of gbpjpy after dropping 450 pips from oct22 to date is now on a bullish retracement in a bullish channel forming the elliot wave pattern with price having completed wave 1-3 where i anticipate price of gbpjpy to retrace after completing its 3wave and make a 4th wave around 143.930 to 144.123 region where we anticipate to enter a buy trade for 120plus pips...
Quick updates tonight. SPY had the most bullish day we've seen in weeks continuing with what we saw into close yesterday, and bulls are excited to have finally changed the hourly trend to an uptrend. The daily chart is an inside bar. First thing tomorrow bulls want to break the high of yesterday to break the inside bar bullish. Inside bar levels Support:...
I know that many of you are still doubters, but PAY ATTENTION. My analysis, on September 17, has predicted this market move lower and the bottom target near 2696 on the ES. My call at that time was that a major price bottom would setup between Oct 8th and the 12th - afterward, the markets would begin to move higher. Remember this was all predicted on SEPTEMBER...
SPY is looking to test the low of the February dump this week, printing an intraday low today of 259.85. We have three supports in this range from the beginning of the year: 259.05 from May; 254.67 from April; and 252.92 from February, the most important level to hold We are once again oversold on the daily chart, and the bullish divergence on the RSI and MACD...
Having watched the S&P500 drop to lower lows twice this week and it's becoming clear the market wants to test the low of the February dump at 252.92. We came close Friday with the low of day hitting 262.29, but in my opinion the market needs to break 260 and test the 250s in order to have confidence that low can hold. Back in February we had a much faster dump...
Hi Guys, Looking at the current scenario, the situation doesn't look good bank nifty can easily slip at 23500-23800 levels from here which is pretty much likely and if doesn't stop there it is going to slip to 20000-20500 levels where it has a strong support level. On the upside it has a huge resistance around 26000-26200 level, so to move upside it has to break...
Dow Jones Technical Analysis
This is unusual for us to analyse the S&P500 since our expertise is in the crypto space, but since the last S&P500 minor crash interfere with our bitcoin prediction, and ruined nearly two months of perfect accuracy( imgur.com ) we had to come and check how serious this really is. A another chart will be released soon of today's in the comments 16% explanation...