By Andria Pichidi - November 22, 2018
As US Markets are closed for Thanksgiving day, APPLE closed lower yesterday by $2.76. Apple is approaching its immediate support at 175.53 (20-month SMA) where it could find some support and could potentially rise in the short-term to its immediate resistance at 185.23-185.60 ( area between 61.8% Fibonacci extension and...
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
In my chart analysis I indicated my future expectations for market movement.
I know that my perspective is that of the minority, but it's always worth looking at the market from a different perspective, as it may just save you from a massive loss.
As always this is simply for educational purposes and not financial advice*
Good luck trading,
Zerotozeros12
October 25th google will post their earnings; I expect that they will be positive (along with many other leading tech sector companies). This will lead to one last rally in the market.
I indicated on the chart where I see Google reaching out to, prior to a massive throw over following shortly after. One second the whole market will be elated by new highs and the...
With the US30USD price sitting at a strong horizontal and upwards trend-line support - the market technical analysis here points at upwards movement (Strong pin-bar bounce from support line).
Although our market analysis points towards a potential move up, you should only enter a position if you see a strong break-out above the 25,500 level.
The DJIA could...
Fear is in the market, reasonably so, after such a huge drop. We haven't seen anything like this since February. Many are suggesting that this is the beginning of the bear market, if you're one of those individuals, I'd recommend waiting for more signs to support that idea. As If things end of playing out the way I believe they will, you will end up with a large...
#DJI
It's not a perfect wave pattern but I think we might be at the end of a correction wave.
Hopefully today we can see a good bounce today and continue the uptrend momentum
Potential bearish outlook for the US30.
Momentum slowing down, resistance at 25500.
On the other hand, price strongly respected the 25000 mark, so let's see if that holds.
