Let's keep looking at the US #Dollar again. Weekly, the RSI is still forming a Positive Divergence. Daily, TVC:DXY is also forming a Positive Divergence. It's also oversold. These are the 1st signs of a POSSIBLE turnaround for the currency. It's still early but those that are open to risk COULD initiate an opening position that could turn out interesting....
TVC:DXY Completely Destroyed the Major Support Level. Not sure it will be so easy to recuperate like last time. This feels and looks different. Now, unless they are forced to raise rates again, time will tell. The US #Dollar will likely break the 100 level & test 99. Positive RSI Divergence is on the rocks and that is the only decent looking thing in this...
The TVC:DXY is oh so quietly testing the 100-102 area, again. The US #Dollar on a daily & weekly chart show positive divergence forming. The Dollar made history by staying above the major support, orange line, so long. Max it had traded before this was 1 month. Now remember, the more something is touched the likelier it gives way and breaks. Only delayed the...
Adding more to previous post Did not notice the CRYPTOCAP:BTC DAILY $ FLOW - Kinda gross, really fell off. #BTC RSI has been weakening for a bit, we've mentioned this few times. #bitcoin is once gain testing the Green Mov Avg. CRYPTOCAP:ETH RSI & $ FLOW, like BTC, is weakening. Volume has been trending lower. #ETH is still on an uptrend but it is facing...
Let's examine CRYPTOCAP:BTC #BTC 1 - it is still trading higher on that trendline, good news. 2 - it has formed a Symmetrical Triangle formation. We've shown these before, best example was TVC:VIX , it cratered since the break. These can really pack a punch. Have to keep an eye in the direction that they break, they do tend to be CONTINUATION...
After the outside day formed by TVC:DJI , it pumped a bit and regained most of what was lost in that 500pt loss. 1Hr chart sows it trading back above the moving avgs (intraday). TVC:RUT is the only index that has traded ABOVE its recent highs. TVC:VIX is struggling to close above a small resistance area, 14. #stocks
Let's compare CRYPTOCAP:BTC vs CRYPTOCAP:ETH vs CRYPTOCAP:TOTAL 3 (= NO #BTC or #ETH) These are all showing negative divergence on RSI & $ flow on daily. (Showing 2b cautious, this is NOT reason for a TRADE) #ALTCOINS have done VERY WELL, They are currently OVERSOLD & can remain that way for a very long time, just saying. They did it from 12/2020 -...
Not liking what I am seeing here in reference to the $VIX. Let's see how we close today but this roar sounds stronger than the previous one we had not long ago. That might have been the practice, test. #stocks have performed well and are due for some sort of "rest", consolidation. 1Hr CBOE:SPX showing weakness with a bearish crossover. 4Hr seems okay, for...
What a turnaround for ALL the MAJOR averages! As we've been saying over and over again....... The END OF DAY IS WHAT MATTERS!!! *Indices formed an OUTSIDE DAY* Outside days can signify 2 things: CONTINUATION OR REVERSAL (of the current trend) Being that the day ended lower, LIGHT VOLUME though, we will take this as a WARNING!!!!!!! RSI fell pretty hard,...
AMEX:RSP vs AMEX:SPY Equal weight vs regular #SP500 We can see that equal weight has been performing better Russell 2000 TVC:RUT is no longer stuck in a rut :) It had a fake breakout in the daily charts in August but look at it now. That weekly is looking Nicely! We've stated a few times that we believed these 2 would be moving better than normal...
TVC:VIX is rearing its head again. Last time it sputtered when it roared. Let's see what happens this time around. See how the RED LINE keeps pressuring it lower? It has been trading under the average since late Oct. Well, the Yellow line will either GIVE or Push it Higher. It is going to happen sooner rather than later. SP:SPX AMEX:SPY
The US #Dollar is trying to base on the daily charts, again. Not making calls until we feel sure, many times we're posting just to show what we see. We've mentioned many times that calls are CLEAR when they are made. Breaking under doesn't mean impending doom, look at June how it came back. However, that is NOT the norm! Usually a break turns that support level...
CRYPTOCAP:ETH is breaking down at the moment. Currently, it is testing the Green Moving Avg support area. #ETH has NOT traded under the Green average since Oct 23. RSI doesn't look very good but it also looked strong before & didn't pump much. So it may weaken but reverse. We'll see. Weekly does show hope HOWEVER, #Ethereum may get a lil ugly before it gets better.
CRYPTOCAP:BTC hasn't traded under the RED Moving avg much since breaking above it in Oct of 2023. We did warn on weakening RSI a few times. Weekly, #BTC looks very similar to #ethereum. However, unlike #ETH, it's finally getting out of OVERBOUGHT territory. Might get lil ugly before it gets better. #bitcoin does have a history of falling big once leaving...
Good Morning! It certainly makes sense for #mortgagerates to follow the bond counterparts & go lower The monthly chart shows the RSI weakening as it chugged higher. LONG term, the 3rd chart, we see that rates overcame a STRONG RESISTANCE area & long downtrend, white line. We will soon see if it'll hold that new support, white line. #RealEstate #InterestRate
The AMEX:SPY is underperforming AMEX:RSP (equal weight SP:SPX ). This means that underperformers could very well pick up the slack & outperform the Big 7 going forward. They have been performing well. The Volatility Index TVC:VIX is down on the day BUT up from open. Will the moving avg's push it lower or do we get some sort of support here? This is a...
JUST SAYING....... NOT implying that the party is over BUT heed some signs by treasury. 1Yr #yield is fighting to close above the 10day Mov Avg (RED). 2 Yr has a possible 3rd day trading above the RED Mov Avg. 10Yr fighting to get above the recent trend it broke & Moving Avg's. US #Dollar has been fighting & looks to be gaining momentum. We'll see how this does...
#GOLD & #SILVER are still selling off since we made the call, very close to top. CRYPTOCAP:BTC is suffering its biggest drop since august of 2023. The US #Dollar really looks like it settled at the 102 area. Not a normal area to find support but it can happen. TVC:DXY seems as if it wants to conceivably push higher from here. AMEX:GLD AMEX:SLV CRYPTOCAP:BTC