DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
HELIOS AND MATHESON ANALYTICS INC, SPDR S&P 500, BANK OF AMERICA CORPORATION, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
FDX one of the constituents of Dow Transportation index recently push the index to all time high (1st high most probably)
I suspect that there would be another high where Fedex's price touches the channel top (blue highlighted area)
Monitoring the uptrend line in both RSI & MACD to see whether supports are provided.
The worst case scenario for the correction ...
Another opportunity to buy FDX with CCI @ < -100 (-122 last)
Other trend indicators may be flashing trouble, including the S&P500, but FDX is a great long term play on the growth of the internet and with oil prices weakening recently, bodes well for margins going forward.
Either way, there is decent support just under current levels from the gap & summer ...
The Cup in yellow favors the Crab seen on the daily chart.
Gartley tgt hit. If 1.618 is taken out consider the CRAB
THIS IS WHAT I CALL A REVERSAL TRIANGLE FORMATION, INSTEAD OF REGULAR TRIANGLES WHICH ARE A CONTINUATION PATTERN, I USE THE DIAGONAL LINE AS A DESCENDING RESISTANCE , SO ONCE THE PRICE TOUCHES THIS RESISTANCE USING CANDLESTICKS AND OTHER INDICATORS I CAN DETERMINE A CHANGE IN THE PREVIOUS TREND.
Just saw this Butterfly, which makes the Shark interesting...
US leading company: FedEX will make its top-out Formation after
this coming wave C-sub-4 correction (down to 113.71 ).
The top-out area will be 146.29---150.25 ( as Major-C = Major-A ).
Then it will be plunging into a total Fib. 38.2% correction area: 92.39
because of volume divergence.
Therefore short term view is SHORT, and mid term view is LONG and
long term ...
With momo stocks selling off, look for other leaders to follow.
Adding this HS pattern that I didn't see at first...
Notes on chart
Been on a tear. Need some time to work out divergence. Another MACRO call.
FDX reverse now with low volume and it will face support @ 113.30 i think the stock will resume the uptrend direction forward 120 Min , i would suggest FDX 18 Oct Call strike 120 @ 0.64 now
Tale of Two Charts Part II - Bearish Butterfly. The monthly and weekly are not telling me the same story. Best to wait in my view
Tale of Two Charts - this monthly is very bullish with Cup and Handle and a confirmed IHS
I'm just learning harmonics, but this looks like a valid Butterfly. The question is, when price hits the PRZ, how much of a turn can we expect?
Confirmed IHS on the weekly for 129ish