The US stock market reopens tomorrow, entering into the second week of December. Many market participants would probably look forward to their socially-distanced holiday gathering without wild swings to worry about. The benchmark index rallied a further 1.4% (+50.9 points), breaking its all time high on friday’s trading session. The same applies to all the...
The daily chart pattern and Elliott wave possible count may suggest an uptick to the upper trend line then a downtrend may resume.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for RIPPLE, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, here is the top-down analysis for TESLA, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello Friends ! Please support us with like and comment if you have any opinion the netflix stock market is pushing upwards by constituting an uptrend , so you can enter the market as a buyer and take your profit at the first red candle that follows this trend and exit with a very good trade Thank you .
I published another fork pattern idea earlier today (see related idea) on the daily chart pointing out how the fork patterns predicted the lasts 2 major market falls and the starting of the recovery after the previous fall and likely the point where recovery starts for the current fall (which was yesterday). I went to 1H chart to get a feel for where the market is...
If you draw the highest resistance trend line since the recovery started (the blue line in the graph) and from the high before the last one (where the red line starts, on April 29) draw a fork to the last high on that resistance trend line (on June 28) and to the latest low after that high (on the green line, on June 29) this fork clearly shows that SPY fell right...
With new ATH in TVC:SPX and AMEX:SPY , it is worth to remember that since 2018 such highs are later followed by new lows inside the broadening pattern. In fact, with current state of macro and fundamentals, new lows (price going ~40% lower!!!) would not be so surprising, and if history is a guide it can happen fast as well. Therefore, buyer beware!
Me and the boys are mesmerized by this unstoppable "Ride of the Valkyries" against all the laws of physics, economics and common sense, which is in limited supply in the contrast to its name these days. Never before the common phrase "the rich get richer as the poor keep getting poorer" been visualized so brutally, namely: SPY is 8 dollars away from reaching...
SPX500USD for the second time was rejected off 3200 resistance, but not as violent as a first time. First good support is around 3130, ultimate support is 3000, but I doubt it will get this low this time. Cautiously slightly more bearish here 'coz still under resistance. But not rush into positions here. Hit the "LIKE" button and follow to support, thank you....
Microsoft Corp down Trend next candle salle the market
S&P 500 Index 4Hour Timeframe RSI Moving Average Elliot Waves Overall Summary Hello and welcome back everybody! I hope you are doing good at today's monthly close! We are watching a 13$ S&P500 gain this month, which is absolutely crazy! Gains were possible, though the cliff to the downside looks scary as hell. Mixed feelings everywhere, uncertainty, fear but...
We know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates. Stockmarkets are surging. No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical...
Short of the NAS100 - risk free, however stop still active on second trade in order to let run. Once 30 pips close 25% 60 pips close 50% Lock in and run the trade Short for todays market - as the levels are respected in the highlighted zone. We have a fresh level below which will need retesting Once a retest has happened then we will react according to the next...
- Looking to short the EURUSD considering the continuous downtrend. - Targeting the lower trend line as limits. - Looks overbought , and is on the lower side of the moving average . Currency pair: FX:EURUSD OANDA:EURUSD Cheers, G.
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If you have followed my bigger picture analysis of the US Markets then you know that I am assuming the latest up move to be corrective in nature.