The Options Market's depiction of non-directional volatility next week. Increase from $66 last week to $90 this coming week. I enjoy this week-by-week update, now on Week #3. I think I'll likely continue this series. Hope you all enjoy it as well. Last week's game plan worked well, pinging from value area to value area. One Gravity Point to the next. For what...
The Options Market's depiction of non-directional volatility next week. Decrease from $71 to $66. Last week's game plan worked well, pinging from value area to value area. Back exactly where we began last week. Let's see how week #2 goes
I expect us to ping between these values as the market backtests and struggles while buyers come into the market pushing it higher. However I think sentiment has notably shifted for your more active traders - (semi-smart money) vs. your passive investor. Earnings are coming up and given the recent selloff I think it should be an active traders dream range of...
$77.00 appears to be a sweet spot.. Late night messing around with charts.
Facebook will have fallen 30% if we reach the lower end of my target. Time and Price don't align in this analysis but this could make sense given the probability that an accumulation base will form over several weeks, and I believe it will take place around the $150 - $155 range. Facebook's business will benefit massively from the following trends and...
Over 82 million shares were traded in the triple leverage gold stock ETF (NUGT) on July 17, 76 million in 40 minutes, which is about $1.7 billion worth. This is triple the previous record of 27 million on December 15th, 2016, after which NUGT doubled in two months. Long?
Spent a silly amount of time on this. Every Combo pattern seemed off until I came across this one. Wanted to focus only on Elliot Wave Theory. I'm trying to learn more about combination structures WXY and would welcome an expert opinion if any have one. There's some sort of double corrective structure going on here in Silver, I can just smell it. But can't put...
Went back to the drawing boards and came across another individual's post which was my original inspiration for charting it out myself. I want to give him his rightful credit for this and plan on including him on this post. @Markrivest However, when I began to chart it out on the 4hr (I have a few different ideas on different timeframes and my 4hr wasn't quite...
Monthly Chart look at what I think is the most important price magnet for Oil over the last 10 years. Also interestingly enough at $77.7 ($77.50 probably more accurate but 777 makes for a better title). - RH
I don't believe I need to explain candlestick patterns here, but I don't often visit the monthly chart and believe this could be easily missed by many. I can count on one hand the number of times I see a monthly hammer in the last 15 years. It's 4 for 4 so far.
One of the quicker, catch-you-on-the-wrong-side type of trades out there. Technicals look ripe for this scenario to play out. Red Line is "Unsustainable" Trend support. (Nothing like in January though) Blue Line is "Return to Mean" Trend support. Horizontal Black Line is "Middle-of-Range" support. Thick falling and horizontal black lines are prior descending...
IWM and DJT are my two favorite Leading market indicators. Indicator is the RSI. 2 Hour chart makes it a relatively significant development. If price increases dramatically it will invalidate the divergence. But the longer it exists, the more likely it will take hold. (Kind of like my bad golfing habits)
Chart is in Log. Tried to hold myself accountable to not take any liberties with adjusting trendlines ever so slightly to make it appear 'more' bearish. Trendlines are lows and highs absolutely. I like the simplicity here. Just two trendlines.
Thank you to all my followers that take the time to read this with me. Some historical background on the importance of the 10 year Treasury Note Yield Index. (Hey, we all need to brush up on it from time to time) This is a ratio chart of SPY/TNX with a 9 year trend. As is the case with most charts related to interest rates, it's pretty technically perfect....
The market doesn't follow the news, the news follows the market. Analogy: Buying after a big long term run is like getting in the car for a road trip without having a gas gauge that's functioning. You could go 2 miles, or 50 miles. Either way, wait to refuel before getting in the car.
Just doing some updates. No bias, both scenarios to the upside and downside are shown. Both support and resistance levels shown. Both Measured Moves to the upside on downside shown. Period of major reversals/retests / volume / volatility is in light blue where the Apex lies. Will be interesting to look back at this in 6 months.
That support really needs to hold on that wedge. Wave pointing down. Indicators Breaking down. Barely hanging on to the edge. Coming out of a big W. (Gartley) If there's a clear break of those lows, could be bumpy.