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The SPDR Select energy sector ETF (XLE) is gapping up to kick off the week and creating a 2-bar bullish island reversal at prior support and with bullish momentum divergence. This could be exactly what the bulls needed to kick this prior leader back into gear.
No position personally, but looks good for at least short-term continuation.
The Russell 2000 ($IWM) is once again back to this 210 band of prior support. We've seen buyers step in around this this level about half a dozen times this year. We're also closing below the lower Bollinger Band.
The million dollar question: Is this time different? Place your bets!
It's been a choppy 2.5 month trading range between roughly 30K and 40K for Bitcoin but most recently, we've seen a handful of consecutive bullish expanding bars to the upside. We've covered a lot of ground over the past 5 days and now it seems like we're at a bit of an inflection point at the top end of this channel.
So what do you think, are we ready for a...
It has been a rough year here for Chinese stocks but after this recent weeks acceleration lower it feels like we're entering at least some type of short-term capitulation washout.
Extension outside multiple time frame Bollinger Bands
Speed of sell off
Definitely a fierce counter-trend trade for more experienced traders that can manage...
The Trade Risk's latest stock market analysis video breaking down the price action and technicals of all major markets and sectors for the week.
Panic gets bought up
Powerful bullish weekly bars everywhere
Superbowl earnings week on deck
SPX - S&P500
QQQ - Nasdaq
IWM - Russell 2000
ACWX - World ex-US
JNK - High yield junk...
In this quick state of the market video for 7/13/2021 we discuss the structural uptrends that have been in place for the past few months.
We then talk about the dangers of weakening market breadth and why we're watching for more sectors to stabilize and resume uptrends through earnings to remain bullish on this market.
S&P500 chop continues for the 25th trading day in a row. Seems we're gearing up for some volatility expansion and a directional move in the coming days/weeks – question is, back to ATHs or a rollover down towards February lows?
Compare side by side the behavior of VVIX and VIX over the past two weeks and you'll see that VVIX demand held steady (positive divergence) while the VIX made new lows under 30, setting up the nice squeeze we saw on Tuesday.
After a brief attempt at blue skies and all time highs, Netflix is checking back to its former resistance to see just how committed buyers are up here. Good area to watch closely if you missed the initial move and believe in the stock long-term.
we're at an interesting inflection point in Google right here. We've been chopping around a relatively tight range for 10 weeks now and there's two scenarios that could play out depending on which way we break. The bulls see this as a continuation pattern that we're soon to break to new all time highs. The bears are hoping for a breakdown which could imply a...