The S&P500 index (SPX) is having another bullish week with the current green 1W candle being the strongest since the first week of the year. Nonetheless with the 1W RSI overbought at 75.00 and the price very close to the Higher Highs trend-line that started on the late November 2022 High, a short-term pull-back seems probable at the moment. The long-term price...
Eli Lilly (LLY) gave us the best possible buy entry at the bottom of the Channel Up last time we gave a call on it (December 14 2023, see chart below) and not hit our $705.00 Target but also aggressively broke above the pattern: In order to grasp the magnitude of that move, this time we zoom out on the 1W time-frame where we see the long-term pattern since...
Wheat (ZW1!) has been trading within a long-term Channel Down pattenr since July 2022. The price is currently on a bearish sequence below both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). It appears that technically this is a Bearish Leg following the December 06 2023 Lower High rejection, similar to the one that started on the October 10 2022...
Bitcoin (BTCUSD) has broken 3 days ago below the 4H MA50 (blue trend-line) for the first time in 2 weeks and so far remains under it, unable to regain the bullish momentum of the first half of February. But how bad can that be? Does it jeopardize the long-term bullish trend? For now not. Even though the February 15 High was technically a rejection on the Higher...
Gold has been trading within a Channel Down pattern since the December 28 2023 High. The price is at the moment around the 4H MA200 (orange trend-line) and close to completing a +2.84% rise, which is the usual Bullish Leg % within this pattern and currently falls just below the 2045 Resistance. The 4H RSI is already on the same Bearish Divergence that priced the...
The EURUSD pair hit today the 1D MA50 (blue trend-line) for the first time in almost 1 month (since January 24) and immediately retraced. Will this level provide a full technical rejection? Well at first glance, this is also the top (Lower Highs trend-line) of the nearly 2-month Channel Down. In addition, last time the 1D MA50 was tested (Jan 24) or nearly tested...
Rivian Automotive (RIVN) missed earnings by $0.01 and that is expected to put extreme pressure on the stock price on the short-term. However, are those short-term tensions a buy opportunity in disguise? Well for the long-term, Rivian remains within our technical model as every significant correction since the start of 2023 has been within the -47% and -48% range....
Bitcoin (BTCUSD) has rebounded strongly since the 39000 Low and has left the 1D MA50 (blue trend-line) significantly behind, with many wondering if a correction back to it is due. That would technically be reasonable and an optimal level to add more buys but it is not necessary to happen. A simple comparison with the 2020/ 2021 Bull Phase (right chart) offers...
DAX (DE40) is on a short-term Channel Up, supported by the 1D MA50 (blue trend-line), which has held twice in the past month (January 17 and February 13). As long as it holds, we will most likely see a break of the long-term Channel Up, which in time could complete a +20.90% rise as the July 31 2023 High. In that case, we will target 17400 on the short-term. If...
It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target: The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D...
The S&P500 has hit (even surpassed on the liner scale) the top of the 16-month Channel Up pattern with the 1D RSI on a Bearish Divergence (price on Higher Highs while the RSI on Lower Highs). If the price closes a 1D candle below the 4H MA100 (red trend-line), which is dangerously close to, it will be the first such bearish signal since August 02 2023 and the...
Filecoin (FILUSD) closed last week's 1W candle above the 1W MA100 (green trend-line) for the first time since the January 10 2022 1W candle! That alone is a major long-term bullish signal that validates the transition to the Bull Cycle. A further closing above the Lower Highs trend-line, would confirm the bullish break-out signal without any additional hurdles in...
It has been 3 months (Nov 17 2023, see chart below) since our last buy trade on Amazon (AMZN), which hit both Targets: February opened with a big gap upwards and the stock has been consolidating ever since. This consolidation, along with the completion of a 1D MACD Bearish Cross last week, is indicative of a top formation. In fact it is similar with the...
Bitcoin (BTCUSD) made last week a closing that is going under the radar by the market. The closing of the last 1W candle was made above the 0.786 Fibonacci retracement level from the November 2021 All Time High (ATH). But why is that of such a significant value? Because every time in BTC's history it closed a 1W candle above the 0.786 Fib of the ATH, the price...
Copper (HG1!) is trading on its 1D MA50 (blue trend-line), on a Bullish Leg following the February 09 2024 rebound. That was a Lower Low within the Channel Down that started in December. The long-term pattern is a Falling Wedge and being much closer to its top, after the January 31 2024 than its bottom, this is a strong sell opportunity. The August 2023 Lower...
The USDZAR pair is trading above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), on a strong consolidation phase as it approaches the end of an 8-month Triangle. Having been rejected last week very close to not only the Triangle's top but also the (dotted) Channel Up top (Lower Highs trend-line), we have a strong short-term sell signal in our...
The USDMXN pair gave us the most optimal sell signal on our last analysis (October 09 2023) and after hitting our 17.0500 target, is consolidating: This consolidation is on 1D RSI terms, similar to September 28 - October 28 2022, when the RSI Triangle broke downwards and with that, the price was detached from the 1D MA50 (blue trend-line) and aggressively...
The USDJPY pair has been on a Channel Up pattern since the December 28 2023 Low. That was a Higher Low on a potential (blue) Channel Up running from July 14 2023, as both Higher Lows have been formed on the 1W MA50 (red trend-line). The longer term pattern remains however a Bullish Megaphone on Higher Highs and Higher Lows. The 1D RSI indicates that we might be...