$SPY showing major weakness coming off a double top and breaking trend. Yesterday appears to be a test of trendline and today will confirm the rejection
Taking a quick peek at blue-chips: $META $NFLX $MSFT, also showing signs of weakness
Despite Russia pulling back forces, I don't think its enough to prop up the market
First PT: 436
Second PT: 427
ETH on the weekly chart is showing some signs of weakness. The trend is still broken and a good amount of selling happened when it popped back above resistance.
IF the trend continues I still see 1700-1900
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I was reading a book about Wycoff and one of the lines said something like this...
"In the beginning of accumulation, the stock is held by strong hands and professional traders, as the trend continues the asset is transferred to those of weak hands and retail traders"
I created this chart to give a macro perspective on where the current market is....
$ETHUSD testing a very strong 2-year trendline. IF it does break this trendline I believe we will see a bearish market for the next year or so with a potential low of $1700 and will consolidate until the next bullish cycle. However, I am bullish and have been buying the dip like a true degen
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TSLA showing great consolidation after the recent breakout. Great time to pick up some shares. $1000 is level to watch, anything below that, and this ship is going down....hard
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$RBLX broke its massive uptrend and made a solid move south. Puts are finally paying off as this stock is due for a correction.
Let's break down what happened here and how you can profit from similar price action.
Step 1: Find a trend and draw a trendline. The bigger the time frame, the stronger of a trend it is.
Step 2: Wait for a break. Do not enter simply...
Investing in $SLV just makes sense.
The technicals look incredible and primed for a breakout to $30+ with the possibility for a new ATH.
Get your inflation hedge set. The dollar will crumble and shiny things will rise.
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