The S&P has tumbled further to lower levels. We have broken a key level at 4073, and is currently in the middle of a vacuum zone that was created by the huge rally in stocks in April. We do appear to be finding some support at 4045, as suggested by the green triangle in the KRI. If so, this will constitute a new technical level. The next level of support is...
Stocks have sold off for two days in a row. However we appear to have a double bottom at 4122. This was a significant technical level to which we alerted you many times, so hopefully you were prepared. This level might be a great point to add to a long position, and the risk management is pretty clear. Below 4122, we have a vacuum zone to 4073, so it would be...
i am not a Pro about Stonks but it works same as Cryptos, just slower and less agressive, Stocks can also be very perturbed by economy announces and crises. if this retracement not happening (but i doubt it won't retrace), wait for Nio pass 70$ to go in and sell before 100$. Buy Zones : - 32$ ( a bit ) - 25$ ( all in ) Tp : 98$ Happy Tr4Ding !
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Fresh Local High for KO. What's next? -Today, we will speak about KO. Since the bottom of March 2020, the price has been moving on a bullish trend. It's not the most beautiful bullish trend you have ever seen, of course. BUT the sequence of Higher Highs and Higher Lows provides us with a clear idea of the major trend. -Using Trendlines (White lines), we can...
We warned you that stocks were at highs yesterday, and would take significant momentum to push higher. Indeed, stocks took nose dive and are finding support just above our technical level of 4144 after slicing through several technical levels. We are likely to see the S&P range at current levels and maintain 4144 to 4178. Further retracement could take us back...
The main aspect we can see on this chart is a huge Cup and Handle Pattern. The idea of this movement is a round bottom. The price reaching the previous ATH and finally making a Corrective movement there (ABC pattern) or the handle. The target of the cup and handle pattern is the distance from the bottom to the previous ATH. Currently, we are observing a new...
Stocks have made new highs again in the overnight session, finally meeting resistance at 4245, which we have identified as a new technical level. We will see how they react toward today's open. If we see more momentum coming through we could see new highs again, however if not, we could see ranging or a retracement. It is likely that the S&P will feel out the...
The first cup and handle almost reached the measured target and is forming the last part of the bigger rounding bottom. 3-years old falling wedge target in still play. Given how BTC.D dropped, the actual use cases behind ETH, bullish sentiment around it, value locked in DeFi and institutions starting to adopt it we might very possibly see ETH/BTC run to all time...
At this point anything is possible. I would not be shocked if we see 1.2USD within the next 24 hours. SNL is exactly 23 hours and 55 minutes away. One sleep till Christmas.
Stocks have broken higher, toward the upper bound of their range at 4214. We see increasing proclivity toward these higher levels suggesting that we are gearing up for a breakout soon. The Kovach OBV however is pretty flat, and seems unfazed by the move, so watch for resistance at highs. We will have support at 4188, 4178, and 4172. Our next price target is 4228.
Stocks held a very narrow range yesterday, after dipping significantly, traversing the vacuum zone to find support at 4122. They could be gearing up for another breakout, which may finally take us to our profit target of 4227. Currently we are sitting at almost the exact middle of the range, at the 0.618 Fibonacci level at 4161. Watch out for 4187, which may...
Today we will speak about ALCOA: In March, we posted the expected movement of the current trend (Link to related ideas). After 2 months, the price has already reached a major Resistance zone that has been working since 2010 Now we are asking the question. What's next? To answer this, we will use the previous price information we have to develop possible paths...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on May 4, 2021 with a closing price of...
Means nothing was just a funny observation lol
We warned you of the downside risk yesterday in stocks, and it would have been very wise to pay attention. The S&P tumbled yesterday, careening through the vacuum zone back to 4144 and bottoming out just above the level under that, 4122. They were swiftly bought back, however, but that would have been a lot of pain to hold through if you were impatient and...
Stocks have continued to maintain their range between 4188 and 4214. The volatility in the S&P has consolidated a bit and we appear to be forming a bull flag or bull wedge at the moment. This could suggest that stocks are gearing up for another breakout. However, the Kovach OBV has dropped off considerably so we must be aware of the down side risk. There is a...