CME_MINI:MES1! CME_MINI:ES1! AMEX:SPY SP:SPX My current thoughts of the current market after the aftermath of this crazy week after earnings, interest rate decisions, Powell and other fundamental and technical drivers. Hope you enjoy and stay tuned for me.
Anticipating the potential for massive reversal of the recent rise in the stock market this week based on technical's, fundamentals, speculation, intuition, patience and discipline.
Thought this looked really interesting on the S&P 500. I am using a Daily chart with a renko brick size of 100 points on the E Mini S&P 500 Futures Contract. To get started S&P 500 has created a valid diagonal resistance "trend zone" as it has at least 3 touch points and the trend zone not being too steep or too mellow and overall it's a nice and proper...
Here in this video I go over the support and resistance levels of the Russell 2000 and go over why the Russell may be something very interesting to be looking at as it is testing some pretty major levels. I am using a renko chart and very briefly show the candlesticks but overall I go over the powerful levels on the Russell CME_MINI:M2K1! AMEX:IWM RUSSELL:RUT
Thought this looked kind of interesting, I have a Renko chart on the daily with a brick size of 1000 to keep it a longer term and simplified view. There is potential that we could be developing two different patterns. We are starting to bounce off support and looks like a potential double bottom. Thing is we either have that double bottom and break the resistance...
Here we are looking at AMEX:XBI I am looking at an hourly chart with a renko chart on the ATR setting just to keep it simple. A huge wedge has been developing on XBI for awhile now and we have made a breakdown on the bottom trendline. We are currently at a line in the sand on XBI and either the bulls can hold it up or we really breakdown on this final support...
If I look at a bigger picture chart with a renko brick size of 20 on a daily chart on ZW1! I am noticing we are at a key level of interest. We are at an area of potential support and if I use an anchored vwap starting as far as I can go back, we are sitting right on the volume weighted average price. Either we rally from here or we really breakdown to test those...