NASDAQ:BIDU appears to be oversold and there is a possibility of one leg up in anticipation of Trump-Xi Meeting. Risky trade. Sell on a bounce. Keep a very tight stop loss
DOLLAR INDEX - WAIT FOR BREAKOUT - WAIT FOR RETEST - EXECUTE WITH SOLID CONFIRMATION
Deal or no deal. Price matters
Some slightly bearish indicators to start the week off.100-hour VWMA has essentially been flat for almost two weeks, bearish divergence on the 100-hour CCI and fisher transform. Looking for a pullback to or below the $279 level before going long SPY/QQQ April calls for the FOMC meeting. With the FED, the president and the banks working in coordination to...
Price can possibly retest to the 1.3238 level before making its way up, as the pair is moving in an upward trending channel. Possible targets are around the 1.3787 area, which represents the resistance of the channel, and a risk-reward ratio of 1:3. Price already broke out of a descending trendline after a correctional wave (counter-trend), therefore we can...
Pun in title intended. This chart has a lot going on now. I've been playing off of the same chart with the same long-trend lines drawn on it, so we'll just call this one Part III of the saga. What I've discovered today feels like some serious implications, and I have hardened reasons to believe that the Dow rally on this leg is over. Here we go... So, I've...
Let's take a look on iShares IVV ETF that tracks SPX. Technical rebound is about the end. Decline is next.
Using Elliott waves and Fibonacci fans I am aiming to predict the trend of the S&P up to the US election. The midpoint of the Trump administration has coincided well with the market peak.
Trendline was broken 2 weeks ago and price suggests more downside ahead.
As expected, the Dow, when compared with the SPX and the NASDAQ to name two, presents the most bullish of the bunch. The recent drop was severe, but no long-term damage has been done. And while the SP500 and NASDAQ closed red last week, the DJIA closed green. This is telling us that though profit-taking has set in, bullish fundamentals underpin this...
Last week, prices were well sold at the 21 EMA. This indicates that the bears still have control. An interesting possibility is that prices could hit a Cradle point formed by a confluence of the Triangle boundaries. This point is also reinforced as the lower boundary of a possible larger channel. This mythical point in space and time could present as very...
The SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US. The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all...
Had some shorts open for a while, but it looks like were are back on track for another 6-18 months of bull market. As always, I have stop loss orders on all positions -5% of their current position. May leave my Short open on $EZA though.
Normally movement in the price of oil leads a move in the price of the 10 year note. The blue line is USOIL and it showed me a change in behavior that I couldn't trade. So I looked for shorts in the notes after It made a high . I am now expecting lower highs given how investors are long SPX after the dip
Tops of all crashes since 1987 have all topped at fibonachi time ratios. The next one is not until the end of 2019 so 2018 will be another good year to be bullish on the DOW. the main risk will be the 27000 resistance so you could take profit there and waiting for a breakout before buying up again (see another chart on my account for bearish view from 27000). The...
Similar motivation from my previous post. Dow's grow has had considerably more vertical growth in the Trump Rally. I attempted to outline my support level at a 20% market "correction".