especially a weekly close below this week's low $QQQ $SPY
Recently I published that bonds were going up, which could indicate a possible crash in Stocks. Here is the Bond Long trade I posted: If you are in PUTS for SPY/ DIA, i would recommend hold for longer. Enjoy the profits. -Shaggad
Divergence in technical analysis is simply a separation between price action and various indicators or oscillators. Divergence however, should never be used as a stand alone tool. FlashPoint Trading Academy uses divergence to assist in our swing trade entries and exits. FlashPoint entered a long in DIA back on January 17th at $141.23. Having noticed a...
The geometry is beautiful, it'd be a shame if it didn't play out.
Very rare pattern emerging. Maybe Peter Schiff is right..?
Just thought I would provide this as something to think about. Perhaps this is something you may not have considered. Should the "abc" within the "Y" leg in fact turn out to be 5 waves (rather than 3 as shown here), we would then have a large expanding flat beginning at the Jan '18 peak. Should this occur, then depending on where the 5th wave of "c" came in,...
hello trader, I give you my first EUR / USD analysis. I listen to opinions, suggestions. with a lot of humility to learn. I think you will see a strong break down bear down, since Monday I am trading short with good results
Coiling... not sure which way this will break (depends on economic data and/or China news) but I got this feeling that it will hit the upper trend line first before it breaks up or down. In other words, more whipsaw action
The Dow is currently rejecting significant trend lines on the weekly time frame and we are witnessing decreasing volume from a weekly perspective also. As many of you know who follow me, these trade set ups are what I look for as it allows me to set up a good risk:reward ratio in my trade plan with significant price action changes having to occur to stop my trade...
Indecision in the Market right now. Bear Case: *Multiple failed attempt to break resistance *Head and Shoulder formation *Broken wedge up *Lack luster volume *Bearish divergence on RSI ***Motivation for break lower : recession fears Bull Case: * 50 MA broke back above 200 MA * Price holding above those two MAs * Symmetrical Triangle engulfing the H&S (Larger...
Bearish shark implies a 0.5-0.618 retrace to the green box... where it'll paint a right shoulder for either a small inv H&S or the larger H&S. The green arrow seems more plausible since the indices just seem to accumulate with abandon on Fridays.
3hr bear divs at major resistance after monster rally. Long DIA otm puts, currently up 20% holding into next week. Could get shafted by Trump China news, but I have to short this setup
atm straddle implies a plus or minus move of $3.80. ive mapped it out based on monday pre-market. support and resistance horizontal lines are based on monthly candles in same range.
closed net short trades on BA switched to Long on DIA. trade talks to happen monday and the market looks excited. vix futures still heavily in contango. vix cash below all futures months. based on net change dia options look the juiciest. atm strangle infers plus or minus $3.60. i expect the excitement of trade talks to exceed those levels. i expect to cut...
This time will probably not be any different. 5-7 Days above WMA 200. Nothing cast in stone but "History doesn't repeat itself but it often rhymes” - Mark Twain
Elliott Wave Count: Flat Correction (3-3-5) - Waves A and B of the Flat have completed. - Wave C is an Ending Diagonal (*A very small percentage of diagonals appear in the C-wave position* | sequence 3-3-3-3-3) Current Predictions 1) Targeted "Top" of Wave C of Ending Diagonal Wave 4 of the Flat Correction near the .618 Fib @ $242.84 2) Beginning of descending...
Everyone says the market can't go straight up. Well, it happened last year, so why not again? Sure looks like there should be a pullback here sooner or later, but the Feds don't meet again until March. We'll be at ATH by that point, lol.
After the run the DIA has been on, it is now time to profit the profits with a sell stop at $247.89