Might see a TECL breakout, as it begins to form a symmetrical wedge pattern.
Voir les détails sur le graphique. il s'agit d'une strategie avec un risque modérer de faire des swing trading.
This Custom Index helps to gauge market peaks (above 12~13 usually) and bottoms (below 7~8 usually). When this Custom Index hovers above 10~11, the market tends to trend higher with volatility event ranging from 7% to 11% in price breakdowns. The fact that this indicator has broken a historic standard deviation channel because of COVID and quickly regained price...
Although it is overextended, we have to consider the pop in Salesforce and its impact on TECL.
3X TECH SECTOR!? HOW HAVE I NEVER HEARD OF THIS GOLDMINE
Volume bearish divergence, overbought RSI, MACD crossed
Likely move to the middle or bottom of bullish channel.
The market is too complacent. The call/put ratio is is where it was before the last crash. I'm not sure why the market is going up but wedges are appearing. Technology ETF TECL (inverse is TECS) is a short.
Support/Resistance with respect to Wyckoff and current fundamentals. All of these prices are zones, so there is no specific value I am claiming the price will hit. I believe it will hit at/near the zones I marked.
The thick red line and the extra 50% drop by Dec 2020 reflects the possible slow cooling of the economy as the world shuts down to contain the coronavirus. I am long term bullish, so I will be buying at this point, and buying at many points in the future, not selling.
Tech looking like it might take profit and fall another 50%
100 day moving average doesn't seem to be bothered.
My custom indictor is suggesting we've reached a zombie new high in the general markets and this indicator has reached highs equal to levels near December 2017. My interpretation of this peak is that the market could continue to try to push a bit higher - but overall this level has historically been an extreme overbought level and the markets have typically...
What do you think? For any of you that follow my research, you'll understand that this chart (including the projected down arrow) would indicate a complete collapse of the Global captital markets and present a "washout" of valuations across the world. Could it happen - you bet. Will it happen - unknown at this time. My research suggests a down trend will...
Futures rebounded last night after China devalued their currency less than expected. We are in for a nice bounce before the real correction....
Pay attention to this chart because I can't stress enough how important it is to understand price boundaries and ranges. This chart is a measurement of price elasticity in relation to the VIX and historically has shown that any price decrease where this Index falls to below $3.50 is, typically, a setup of a major price bottom. At this point, I urge all traders...