Sinex

Sinex Updated 

Oil looks to be still in the contracting pennant. And likely this will try to move to the upper range of the pennant. The green lines I am leaving in which were drawn in the past upon the initial green line. I leave them so I can see for myself what my "speculative" analysis is. By speculative I mean there is no technical evidence to support this hypothesis...

Sinex

Short term bounce in my opinion, but that is just m bias. I can only trade what I see and I see evidence to suggests that this will go up for now. Where it will go we can not say.

Sinex Updated 

QQQ (Nasdaq) are still likely carving out a right shoulder. We anticipated this in December and now we have more information to support our hypothesis. A weekly signal will likely be triggered soon for QQQ.

Sinex Updated 

Hidden divergence on the daily time frame suggests that TSLA will continue its rebound trend. This is setting up for a buy. I see the 970 level as a long term stop. That is a bigger stop than I usually use so to this keep in mind your correct sizing where you risk no more than 2% of capital. Anything below 965 and this is not bullish. This is also my first...

Sinex Updated 

We have a daily sell signal in the Nasdaq. I suspect that the stochastic might create hidden divergence; if this is the case the general markets will head higher. But if the stochastic buries in the daily time frame and the price action takes the Nasdaq (and the general markets) much lower than the 200ma then we can expect a long and enduring bear market, a...

Sinex

This is adding to an already difficult market environment. Oil here looks bearish. I was expecting a nice strong trend but this hidden negative divergence does not support strength in oil. Caution is warranted. I am shorting this. This is just a suggestion to NOT go long. And to just stay away from it.

Sinex

I have not traded the USDJPY in some time. I failed to recognize the contracting pennant that I love so much until too late. Though in theory 136 is the target it is HIGHLY overbought. That said I do not recommend trading this until it sets up a strong sell signal. This has been one of my few mistakes. I did make good pips out of it but that...

Sinex Updated 

Possible support, take profit short. Mild hidden divergence supports this hypothesis. The macd crossing 20% is a short term buy.

Sinex Updated 

If people are mad at Biden now wait till oil...hahaha. We see the contracting pennant again, this is on the two hour time frame. Once again we expect some price action battle and fake-outs to fake out the bulls and bears. Nevertheless we expect the bulls to take control and take this to 130. If this is the case it would be hard for me to believe the Nasdaq (or...

Sinex

The weekly time frame has triggered a sell signal for the NZDUSD. This will likely be a long lasting signal. All other analysis have to be taken in to context from the point of view of a bearish market continuation like the monthly chart I previously posted. This is the beginning of the new trend and we can look to hold positions and add to them in the hourly...

Sinex Updated 

AUDUSD negative divergence suggests a sell signal in the daily time frame. This implies that the AUDUSD will move downward for the near term future. We can not be sure what the long term outlook will be for the AUD or the NZD nor the CAD as they tend to all move in tandem. For now we have evidence that these three currencies will move downward to sideways. ...

Sinex Updated 

Gold bounce, and buy signals will likely take this to higher highs. 2200 or 2400 is still in play IMO. The weekly signal to sell can be disregarded as it will likely remain overbought.

Sinex

An ascending channel has formed in the 1hr time frame. The reason why an ascending channel is suggestive of weakness is that the price action makes a higher high immediately followed by a correction followed by a higher high, which implies the bulls can not buy it up higher as every time they do the bears regain temporary control of the price action and correct...

Sinex

Another successful analysis. The trading since December has been rather difficult as you can see by the many long long wicks each monthly candle has left behind. This means neither the bulls nor the bears were in complete control of the sentiment. But with the right analysis in conjunction with proper risk management we can profit in any situation. Most of my...

Sinex Updated 

Despite my bearish bias I see this hidden divergence on the monthly chart for NZDUSD. This suggests that NZD is starting a multi month rally in spite of bearish sentiment and that the USD will fall regardless of my bias. Of course it may just bury itself but the hidden divergence suggests there is enough evidence to suggest that this will move up. My...

Sinex Updated 

It is still too early to be a buyer, and even as buyers it still would be small positions with limited risk, as we can see a similar setup was happening in 2008, where SPY created hidden divergence but it failed and the Stochastic buried itself in oversold for more than a year. The very same situation could happen now, but I expect a short term bounce, before...

Sinex Updated 

Oil does not look bullish. I expected oil to move to ATHs like the indexes but this looks to be the beginnings of bearish trend. Notice it got back to the expanding pennant pattern and below support now resistance. Do not buy this nor gold the trend is over as I see it. No evidence this will go back up for now. All the fundamentals and people who use them...

Sinex Updated 

This is a tutorial in how to enter a trade on the 1hr time frame. We expect a higher high followed by a lower high (ABC if you know Elliott Wave) and we buy the second dip, we set our stop a few points below our buy zone with a maximum of 1% loss. Here I just speculate were the buy could happen as the 200MA hourly often acts as resistance. So do not use this...