SPY looks to be developing a reverse head and shoulders to take on the wall. I don't see the volume justifying us getting over this current wall so I assume we will develop support at about 390-395 so we can take on the 420 walls if we even get past the 415 walls. A lot of market maker activity, very obvious shorts that are pumping in premarket which makes me...
We have a break and retest situation and price is currently testing the support zone which is also the 0.618 fib level. We also have a potential bullish flag pattern. Waiting for London open and also looking for entries on lower time frames.
Technical Analysis and Outlook After completing our Inner Index Rally 4157, the index is in the mode of steady to higher - All things considered, the market will very likely retest not fulfilled Key Res 4177 before turning to the downside - Mean Sup 4090.
The stock market wavered on Tuesday as the post-Fed rally ran out of steam, although small caps and leading stocks performed better than most major indices. A mix of consumer, energy and health care leaders helped the index rise more than 1%, driven by a handful of outsize gains. Pockets of strength in software, chip, biotech, solar and internet stocks helped...
Greetings community As the crypto giant sets the tone and leads the pack, it is evident to see examples of 'impulse-correction-impulse', or 'drop-rally-drop'. Whilst down significantly, it is still up significantly to early adopters. It is sometimes good to remember that even with this plummet, BTC still is, and will always have the highest growth factor and ROI...
Technical Analysis and Outlook After retesting our completed Inner Index Rally 4010 and completing Inner Index Rally 4120 (As specified on S&P 500 Daily Chart Analysis For July 1), the index is steady to going higher - Inner Index Rally 4157 and Key Res 4177. All things considered, the market will very likely retreat and retest to Mean Sup 4028.
Greetings community Nasdaq, like with any asset, has two potential scenarios: long or short, however, it is crucial to identify the vast price movement, rather than to bicker about insignificant price jumps. I have illustrated my view, clearly indicating what matters, well to me. Below is text of the two scenarios that have most relative: 1) The price point...
Market participants are currently starting to get priced in with the potential for a 75 bps hike in the Fed's interest rate. This can be seen from the yield on 10-year government bonds which fell to 7.35% yesterday. Previously, the yield had perched above 7.4%. The 10-year US Treasury yield also fell to 2.76%. The yield of US debt securities has fallen quite a lot...
US30USD - Intraday - We look to Buy at 31620 (stop at 31219) Our outlook is bullish. Previous resistance at 31600 now becomes support. There is scope for mild selling at the open but losses should be limited. Support could prove difficult to breakdown. Further upside is expected although we prefer to buy into dips close to the 31600 level. Our profit targets...
My perspective we are still in a bear market and have yet to form a bottom. On average bear market last up to a year with different levels of pullbacks. What I see from the 4 hourly chart: 1. "MULTIPLE BOS POSITION" @ 31530 In between major S&D zone 31275 - 31735 - Touch / Breakthrough 1 - May 24, 2022 (downtrend channel broken into a retest of BOS into...
Technical Analysis and Outlook After partially (July 18) fulfilling our down move, the index completed Inner Index Rally 4010. Currently, we have Mean Res 4000 in the making (Not confirmed by Trade Selecter System). However, all things considered, the market is very likely to retest Mean Sup 3829. before confirming and retesting the 4000 mark.
Two possible targets here from the rim of the cup we are looking at just over 100% . From the handle retrace 35%
From the 10th of June to July 21 we have been trading inside an ascending channel. On the hourly chart we can see price action inside of the channel and what we see here is an ascending wedge formation which will push the price action back into a downwards spiral. MACD is crossing the signal line on the hourly to the downside along with a heavy three day streak of...
USD/CAD auctions lackluster below 1.2900 displaying a lackluster performance in the early Asian session, the asset is juggling in a minute range below the critical hurdle of 1.2900.
Bear market surrenders ground; Is this just another bear market rally or is something really bullish going on here? There's really only one way to answer it earnestly. Let the market and the stocks in your own portfolio decide . Since the latest follow-through day took hold with a Day 5 rally in higher turnover on June 24, the major averages enjoyed one of...
Technical Analysis and Outlook The S&P 500 market played out our down move to Mean Sup 3787 (See: S&P 500 Daily Chart Analysis For July 8). Currently, we have an upside momentum, and a retest of Mean Res 3912 is imminent, with a possible extended target to Mean Res 3940. Nonetheless, after that, the market will take us back to the Mean Sup 3787, completed Outer...
- I personally BTC and ALTS will have one last pullback, before we recover and start a steady uptrend by JAN 2023! - NOT FINANCIAL ADVICE!