TradeVibez

TradeVibez

MANA could be in the process of forming the C leg of a classic ABC correction/reversal pattern that normally occurs after a 5 count wave to the downside. If so this move could send the crypto up to a test of the $1 psychological price level. From where it stands that would be a cool 45% move to the upside. The price has about a 5% move to the downside if it...

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Penn National Gaming has quietly been gaining momentum during July after a massive fall in price since earlier this year. If we do a fib retracement from the swing high at $85 to its swing low at our bottom which is $63, we get a potential trade setup currently at the $71.84 price level. This $71 area is where the .382 fib level is, historically a great buy area...

TradeVibez Updated 

The S&P500 has now found itself on the wrong side of what was once a potentially very bullish trade just days ago by breaking BACK into a bearish ascending channel pattern that SPY has been consolidating in since April. In this chart, we zoom in on the 4 hour chart where only see a part of the ascending channel showing in red as a trendline. This red trendline...

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15.08 and 21.88. These are two numbers you want etched into your brain over the next 14 hours as they could provide a pivotal direction for the S&P500. As we can see the VIX has been in a downtrend since its peak in March of 2020 and this week, the VIX bulls may have ran out of gas as they have failed again to make a higher high after valiantly breaking resistance...

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A staple of Cathie Wood's ARKK Invest fund, Teladoc looks to be winding up for a big move in the coming days after breaking the resistance of a supply line that has kept TDOC stagnant since the peak of its small rally in June. Now we find it at a key support level just outside of the trendline and finding support on our 21 MA as well. I am long on TDOC with a stop...

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For a week that has the Greyscale Bitcoin dark cloud looming over its head, Bitcoin, out of a sudden turn of events, has managed to come back from the grave and is currently forcing its way back above what I believe to be significant areas of support/resistance. And although it is premature at the moment to say, Bitcoin is in my opinion confirming a buy signal IF...

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Vanguard Real Estate is showing some interesting things after quietly consolidating since early June. And now, it finds itself in the midst of a breakout of its previous all time high at $105.77. It is still very early, but if the VNQ can confirm any sort of sustained price action above the $105.77 price level on the daily and weekly time frames, fireworks could...

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If there is any hope for the S&P right now it may very well come from the healthcare sector with mega blue chip Johnson & Johnson. JNJ has managed to put in consecutive higher highs and higher lows on the weekly, and now also is confirming support on the .618 fibonacci level at $165.40. However, there appears to still be much selling pressure at just above $168,...

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The S&P500 Volatility Index is currently breaking out into levels that historically has been catastrophic for the overall market. On the monthly chart, we can see that whenever the VIX breaks out and confirms above the light orange trendline plotted on the chart, double digit drops in valuations happen for the S&P500 usually within mere weeks. Which means any day...

TradeVibez Updated 

The color coded support levels shown on the chart are the levels I am currently watching on Nvidia should an extended pullback occur. The levels were found using a simple, multi-fibonacci retracement method based on previous swing highs and swing lows that allowed me to spot local fib levels. I will possibly make a post on this one day as an educational...

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MCD's has consolidated nicely right along its recent all time high set months ago at $231.91 and is doing so off of consecutive higher highs and higher lows on significant time frames. On the monthly, we also see that McDonalds is putting in a bullish engulfing candle. There are still a few weeks left in the month, but with the price already being in blue sky...

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I recently did a chart on the DXY showing how its still bearish on longer time frames despite the recent run up it has seen on shorter time frames. If we flip and look at the EURO, it is also agreeing with this sentiment as it has seen a bounce off a key support level after breaking a MULTI-YEAR resistance line in November that could now flip as support. If this...

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Since the beginning of the year General Motors has started doing healthy bullish things on its chart. We have another uptrend that is in play, and if the trend holds we can look for a retest of the $60.30 resistance level. A break and hold above that level could send us 15% to the upside to the top of the channel. ***Also, please be aware that the current market...

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Inflation fears are getting real yet there appears to be no sign of the money printing ending as a +3 trillion dollar budget agreement has been reached this week in the US, and the unbelievable rally in commodities since March of 2020 is a manifestation of this. Its been higher higher after higher high and it appears to be attempting to put in another lower high...

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Its been a rough go for even the most bullish setups on equities lately due to the rocky nature of the macro with recent news of further inflation fears. Nonetheless we continue to hunt for the setups if not for the gains, then most definitely for the learning lessons that the markets can teach us. For this asset, we keep things simple by keying in on an uptrend...

TradeVibez Updated 

DOGE looks like a buy for the first time in months as a multi-week resistance line has now been broken on the daily and weekly charts. Bulls will need this week to confirm a full body candle close outside of the trendline as well as maintain above 0.2346. As of this moment DOGE is a low risk long but if price breaks below 0.2346, I would go ahead and exit the...

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As you can see there appears to be a small downward sloping line of resistance outlined in red on my chart that has kept Bitcoin down since late last month. Obviously the price is down overall but this red line in specific appears to have presented a possible trade setup. As always, BTC will need to break out of it and confirm before any longs are taken but if it...

TradeVibez Updated 

20 year yields appear to be breaking out of a long downtrend which has witnessed a boom in the stock market since this asset's crash back in March of last year. But now the winds seem to be shifting possibly again as now the TLT has started July with fireworks and yields appear to be flipping bullish. This would be very bad for stocks.. however please keep in mind...