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NFLX is trading on a long term Channel Up on the 1W chart (log scale) since early 2013. Despite being overbought (RSI = 79.335, MACD = 45.450, ADX = 45.358, CCI = 303.3862) with the earning approaching, Netflix has still room to grow before the next selling wave within the Channel takes place. Both the LMACD and RSI are on levels where the price previously posted...

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Gold is very bullish on all long-term charts with 1W in particular (RSI = 67.652, MACD = 57.930, ADX = 50.157) being on a very healthy and balanced uptrend since the June 2019 bullish break-out from the 6 year consolidation phase. The RSI however is on a bearish divergence and the MACD flat-lined, indicating that soon the trend may lose strength (not change but...

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This is a cross-asset analysis of the following instruments: XAUUSD (Gold), S&P500, U.S. Dollar Index (DXY), the U.S. 10Y Note and M1 Money Supply. The initial idea was in our attempts to determine basically what is driving Gold's price during this period of pandemic. This multi-dimensional work reaches some interesting conclusions. First we start with the week...

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TWTR was rejected yesterday on the 37.00 Resistance which was the June 8th High. The 1D chart remains bullish (RSI = 63.007, MACD = 0.470, ADX = 33.487), the MACD made a bullish cross and the MA50 is about to cross over the MA200 (Golden Cross). This is a very bullish mix for Twitter and we encourage investors to buy either if the Resistance breaks, or on the next...

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S&P is trading within two formations a Rising Wedge (green lines) clashing on the Lower Highs of a Triangle (red lines) since the June 8th market high. The 4H chart is turning bearish (RSI = 42.335, MACD = 11.360, ADX = 30.843) and that is due to the peak formation on the MACD. As you see on the chart this pattern has been formed three time before since early May...

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WTI Crude Oil is trading within a Channel Up on the 4H chart (RSI = 36.632, MACD = 0.170, ADX = 31.347). The MACD turned flat and as you see on the chart that has been a signal of a top formation on three previous occasions. In two of them the price dropped a little more than -11% and on the other around -15.50%. The Symmetrical Support zone that held on three...

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Silver (XAGUSD) recently formed a Golden Cross on the 1W chart (when the MA50 crosses above the MA200), having fully recovered from the coronavirus collapse. This is a very encouraging sign for long-term investors as a similar pattern was formed in the early 2000s right before Silver's big expansion. This means that we are either in front of the greatest buy...

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No matter how odd it may sound now, we have come up with a simple model using the logarithmic Fibonacci extension levels to determine the next long term target on Dow Jones. We have timed the beginning at the end of the great depression in the early 1930s. The ATH before the depression is Fib 1 and the bottom Fib 0. The market recovered the ATH in 25 years. After...

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SHCOMP has formed a Golden Cross on the 1D chart turning vastly overbought (RSI = 89.841, MACD = 105.710, ADX = 52.201). Last time that took place within the long-term Channel Up that started in January 2019, the market consolidated for a few days and delivered a last peak in a month. The MACD has entered into this red Resistance Zone of the 2019 consolidation, so...

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In February while the price was still $2,000 we issued a buy recommendation on AMZN to $2,800 - 3,200: In fact we were after the $3,000 target since December 2018 while Amazon was almost half of what it is trading at now: ...

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More than 1 year ago we gave a buy recommendation on Tesla when the price was trading at $205 after a a sharp fall: Last January we upgraded our final Target for this cycle to $1,270: ...

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EURUSD is practically neutral on the 4H chart (RSI = 56.255, MACD = 0.002, ADX = 37.881) as it is stuck within a Cup and Handle (blue) and Ascending Triangle (red) pattern. Technically both provide a solid short-term framework for sideways trading within their trend-lines. In our opinion however the 4H MA200 is the deciding factor for the longer-term trend as it...

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Dow Jones is trading within a Channel Up on the 1H chart (RSI = 41.064, MACD = -20.100, ADX = 30.196), currently on the bearish leg towards the Higher Low trend-line. The MACD is about to make a green cross, which is a bullsh signal. It can still take a few hours until the formation prices the Higher Low (even sideways) so there is still time to enter. Our TP is...

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BTCUSD is trading within a Channel Up on the 1D chart (RSI = 50.388, MACD = -56.800, ADX = 29.620), but on a bearish leg towards the Higher Low trend-line. Yesterday it posted the first bullish reaction in since June 22nd but has so far stopped on the 1D MA50 (blue trend-line). This is a critical point/ test as last time it tested it from below while on an uptrend...

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EURUSD on the 1W chart (RSI = 56.143, MACD = 0.005, ADX = 35.655) is forming a very interesting pattern very similar to the trading action before the previous (2016) U.S. Presidential elections. First of all let's start with the fact that the 1W MA200 has been roughly acting as a Resistance since mid 2019 (roughly because candle wicks broke above but quickly...

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BKNG has just rebounded off its recent 1D pull-back on the 1D MA50. As in 2016, the recent top was made on the 0.786 Fibonacci retracement level. We expect a slow rise towards the Lower High of the Bearish Megaphone and if crossed aggressive rise to new ATH. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are...

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FDX has seen enormous rise this week, breaking above the 1W MA50 (RSI = 59.573, MACD = -0.910, ADX = 28.559). Despite that, it is still undervalued both on the short and long term. Based on its recovery after the Subprime Mortgage crisis (the pattern then is very similar to today), it is aiming at the 1W MA200 on the short-term (right now at 192.71) and on the...

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Here we see the correlation of Gold (XAUUSD) and M1 (money supply composed of physical currency and coin, demand deposits etc). During the last two financial crises (DOTCOM and SUBPRIMES), the central bank raised the rates to support the stock market collapse and save the economy from recession. As you see when rates were raised and money supply spiked, Gold...