Regardless of what type of trader we are, most of us will look at the same chart in different timeframes to help make the "case for a trade". The risk of doing so is that we need to understand the fundamental concept of Multi-Timeframe Scaling (let's call it MTF scaling) as we inspect the various timeframe charts of the same underlying,...
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We'll have to see if we can climb above the 3379.09 point for support.
If it falls, we need to make sure it is supported at 3294.62.
If it does not fall below the downtrend line, it is...
I was looking at an interview with Peter Lynch and how he considered a 20 P/E ratio for the S&P a top valuation.
I know he`s an old school, but did you had the curiosity to search for the current P/E ratio of the S&P?
S&P 500 P/E Ratio is at a current level of 39.90, up from 34.24 last quarter and up from 23.16 one year ago.
Well, it seems like a value of 20...
UVXY looks poised to double in the immediate term to a 10 handle. Let's see if we get a Vix breakout (above 19.70) by the close of trade today. We'll need to see it hold for the previous resistance level (18.80) to act as support going forward...
AMAZON is trading in a massive range on 1D chart
And as you can see the price has hit the range resistance
Also, one might notice a double top pattern formed
Thus, I am bearish and I think we will see the price drop
To about 3180 which is the final target for that trade
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In the movie, the big short Charlie Geller and Jamie Shipley took trades with options out of the money with low probability.
This is an example of such trade, 100 options contract worth $6000 if SOS will run up again, this trade could make $60,000.
If the price will move to $21, this trade could make $120,000
This also shows that options are leveraged, if you...
It looks to me like $SPY is nearing the end of its bull run. We should see one more large push up. Thinking it'll top out around $425-$430 in the middle of May and find support in August around the $320 area (Green support line). If price falls under $323 and the selling continues, price could go all the way down to the lower support line at $287 where I would...
The gap theory is short and simple. Not everything needs to be lengthy and laborious. "Everything should be simple as possible, but not any simpler"
Once a new cycle has begun and you see a breakaway gap in the STARTING of a move, you get confirmation of this new cycle. HOLD.
Once the trend is continuing for some time and...
Hello traders and investors! Let’s see how SNDL is doing today!
The support level at $ 0.95 didn’t hold the price at the first moment, but SNDL is trying to do a nice reaction right now. For the first time in more than one month, we have a clearly higher low in the 1h chart.
This means that if SNDL breaks the $ 0.95 again and triggers the pivot point at the...
POTX is a Cannabis ETF that invests in pot stocks and companies across the cannabis industry. It is back at support again so might see a bit of a bounce, but overall we haven't seen much activity in this industry sector.
The 1.618 Fib (415) is holding up as resistance for now. SPY is sitting at a 414 handle, and is notably below the upper band of the ascending channel, as well as the 21EMA (h). We've caught light support at the 50MA (h) on the open, but as of this moment, it's not looking good for the bulls. If sentiment remains shaky, the house of cards may finally come crashing down...
My old microphone died so recording my first video today on the new! Today I look at the recent price action of commonly requested symbols from social media: COINBASE:BTCUSD , BINANCEUS:DOGEUSD , NYSE:MO , NASDAQ:PLUG , CAPITALCOM:BABA