In this moment I use a ETF IVV to show a uptrend channel.
In this moment I use a ETF IVV to show a uptrend channel.
19-JUL www.pretiming.com Investing position: In Falling section of high risk & low profit S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls. Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling...
Let's take a look on iShares IVV ETF that tracks SPX. Technical rebound is about the end. Decline is next.
Looking for feedback on this
I am expecting a bounce up to the top yellow box then down side break above and HTF close above yellow box would invalidate.
This is a Symmetric triangle pattern in IVV This publication is of an academic nature. Orlando Enrique Fajardo Ocariz
The rising wedge pattern is characterized by a chart pattern which forms when the market makes higher highs and higher lows with a contracting range. When this pattern is found in a downtrend, it is considered a bearish pattern.
Symmetrical triangle, Ishares core S&P 500 ETF IVV Projection: a-b distance.
Daily MACD and OBV is still bearish. Hourly OBV is better and MACD is bullish with selling pressure. Will reevaluate after a stronger positive sloping hourly ema50 emerges.
Short term bounce back to test 50% Fib level
I think you read a lot of notes about the future on SPX. Well, When I heard a thing how: The best form to understand the market is through the graph, they can show you when they are going to near a high and when is the next correction. That is simple, only look this.
2 Std. Deviation encompasses over 95% of occurrences.
The 5 week exponential moving average and the weekly Laguerre polynomial of a Renko chart show us the major trend of the market