Know where to buy and sell Know where to know you're wrong on a trade. Know where support becomes resistance Know where resistance becomes support Fibs and Fib extensions used. Extensions have black dashed lines. Rare double 100% Fib extension lines up significantly close to each other. Areas of support resistance were marked only in areas where 3-4 fibonacci...
S&P 500 ETF VS. High Dividend Yield ETF S&P 500 appears to be outperforming from a Year-To-Date perspective - I propose this is because of the rising interest rate environment and the psychological affect on how Yield for different vehicles is viewed. What comes around goes around. Interest rate fears were the main source of blame for the increase in...
Attempt to publish #3
Bottoming pattern created a lovely symmetrical triangle in the MACD +RSI. The wave is purposely placed slightly before. About a 2 days early.
Interesting Things Going On Here Indicator showing different picture than price
Sell Target #1: Channel resistance and short time frame fib resistance Sell Target #2: Medium term time frame fib resistance + $60 psychological. Sell Target #3: Confluence resistance from Fibonacci + Previous Major resistance zone in May 2015 + Cup and Handle Measured Move
Here's an interesting way to test out the ol' pitchfork. I know it's been a while since I've used it but this fits very well.
Could bounce on Monday (2) but see us significantly lower later on next week.
At a major inflection point historically speaking, but the ratio is also very low historically speaking.
Public Service Announcement... Just in case you didn't already see it.
Finding the price action, particularly Friday's gap and go run, highly unusual. We're either 1. Still creating a pattern, or 2. Breaking out. And it's not option 2. It doesn't get much more interesting than this for TA folks. Like most, until this afternoon I was looking at the possibility of a symmetrical triangle or descending triangle. But Friday's move...
Personally, I'm leaning towards a trend breakdown because of the RSI has lost it's trend and broken below it. On the other hand, That symmetrical triangle is pretty attractive alternative option to watch.
Interesting Adam-Eve bottom pair potential. Also, here are the levels that I'm watching. Anything could happen here, and would not be surprised to see it hit the bottom Green line or break above the resistance Red Line. Short term support at black line. Current position at Black line. Will continue to accumulate more if we come back to the black line, and...
education.afraidtotrade.com Just look at the blue big numbers/letters for the 3-3-5. Funny thing about elliot wave is I have to go down a level or two in order to find where we are in the bigger picture. But elliot wave is one of the first things I learned, and even though I've strayed away from it lately, it's always nice to reference back to it. IMPORTANT...
Also has very similar price action.
I'm suggesting this is one version of two that I have about the possibility that this is the start of a descending triangle pattern. Because it's a longer term pattern, that gives us opportunities within that time if we can identify 1. If it's actually a descending triangle (can only know on the next low) and 2. Figure out which one of my two charts marks the...