The Weekly S+P 500 Chart
shown here for the purposes of illustration,
shows price has risen almost as far as it possibly can,
in the current ascending wedge pattern.
Next, will come a sizable price breakout.
The technical expectation of the ascending wedge
is for an ultimate sharp break to the downside.
I will tell you that if that were to occur,
Momentum is slowing down as we approach ath and it looks price could reverse soon.
Tech stocks: The FAANG bubble popped. We are at a prime area for return to normal bull run to top.
Expect disapointing earnings fueling a selloff. Even if they are good we selloff anyway probably...
Probably the biggest RSI divergence in history.
The yellow chart represents the 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity.
Taking into account the brutal divergence and the inverse yields to happen, it must be assumed that the price will suffer an extreme fall in the coming months.
I did not like my previous count so I decide to count waves again
u know there are many probabilities
We are in a sensitive position if primary X can penetrate 5 primary and make a new high
this count is failed
Long Bias is running strong - however this is a very temporary trade for me. Target here on the April Monthly:
Please be advised the current king trend here continues to be full bull though. I am in a put vertical spread favoring the long side with a probability of profit of 62%. There is a great deal to be bearish...
After hearing "longest stock market bull run ever" back in September I've been calling on an eventual bear market. Markets are all about timing, however, and it looks like the time has come to short the next "stock meltdown".
I'm a complete novice still, but I'm learning. This platform should be used for expressing ideas and that's exactly what I will continue to...
It's my 1st time to have DXY analysis, I start from longer time frame to short time frame sequences.
For long run, DXY will approach and breakthrough 103.82 which was set Jan. 2017.
In middle term, DXY stuck in a pivot area 95~98 for past 10 months. It may...
FX traders were casting a wandering eye ahead toward a long holiday weekend Thursday morning but the US retail-sales report pulled their attention back to their monitors.
After a disappointing -0.2% m/m reading in February, US retail sales surged 1.6% in March, with core sales (ex-automobile purchases) also coming in strong at 1.2% m/m. The stellar reading on the...
Looking for a pullback and a further push to the 27000 line resistance for the start of right side daily head and shoulders if it decides to continue downward for current price we could see a long term sell off to the 61.8 fib of 23700 for a possible completion of a head and shoulders pattern on the daily waiting for a break there could mean another large move...
Nifty has Formed Negative Divergence on Weekly chart and also closed below Monthly Resistance level of 11750. Nifty May Come down to fill the gap near 10700-10680 But entry near 10640-10650 Will provide us good risk reward ratio for 12000 Target.Risk Reward for this trade is 1:3
Nifty in correction block A and may rise towards 11882 or may enter into a correction block B to test at 11560
News, major events, exit polls, earning reports etc may completely change assumed scenarios.