ZenithG

ZenithG

Market pulled back - expect to see a market rally when the vix comes down from current levels.

ZenithG

Based on indicators it appears volatility is going to increase leading into the month of December. There is potential for volatility to increase beyond December and even higher than resistance, should economic outlook turn bad. There is potential for spikes which will drive the market lower. Proceed the final months with caution use price action to determine...

ZenithG

Price has stayed within the channel and has not broken out above or below - price appears to indicate a slight pull back before heading back to higher territory. Could possibly breach below 132 before end of week.

ZenithG

Comparing outbreak of COVID Volatility vs January Financial market "meltdown" of 2021

ZenithG

2 HR Chart - E L F | Trending lower, look at MACD & RSI for confirmation. Could not break resistance line, expect to trend lower. Should dip and retest resistance.

ZenithG

Ford needs to turn around business and it isn't looking favorable for 2020. Tesla still has a several year head start and with recent bullish TSLA trend, F, only takes a hit. F is still within the downward channel. Taking into the current models available and global status, I expect Ford to continue a toward trend into 2021. It will take time before Ford's...

ZenithG

Please see previous post for 4HR Chart from market open 2/13/2020

ZenithG Updated 

Peso has steadily trended down. There are signs of possible reversal in trend and signs of trending up. DXY is now at levels not seen since early-mid October. RSI is following the trend line up. We now have a higher low as indicated by the small support lines. MACD is showing signs of trending upwards. Any additional pain may cause Peso to drop lower and test...

ZenithG

Since December, the Peso has trended downwards. Currently, it appears the rate of loss has stabilized and now looking to find the proper opportunity to start trending up. Looking at RSI, is should stay above the base line drawn. Confirmation with MACD to follow upward trend. Make sure to look at DXY for correlation same goes with EWW.

ZenithG

Peso has pulled back and currently at recent channel between ~$19.30 - ~$19.55. RSI shows overbought conditions and MACD confirms recent drop. If you see DXY it is at a recent support and more than likely start to trend up causing Peso to rise. Keep close eye on RSI MACD and DXY for confirmation signals

ZenithG

EWW entering RSI oversold conditions, peso is also testing recent highs that will more than likely pull back from. Expect EWW to move above current level if peso pulls back

ZenithG

Peso is getting ready to test recent highs for the 3rd time, you'll notice the red arrows signal where resistance is and ultimately pull back. I am thinking the Peso will pull back from resistance. RSI is also showing over bought conditions

ZenithG

Good view of the inverse correlation of EWW vs Peso

ZenithG

You can see peso tested recent high of ~$19.55 only to come back down. This is the second time, expect the peso to drift lower only to climb back up to test recent high level. Range: ~$19.35 - ~$19.55

ZenithG

After a quick spike the peso has leveled off. I am thinking the peso will range between ~19.20 - ~ 19.35 for remainder of week. Expect spikes with any trade news - thanksgiving holiday will also cause price fluctuations RSI was over bought when peso spiked up and RSI fell to over sold when peso normalized

ZenithG

EWW starting to get into over sold conditions - Peso is showing signs of Resistance of ~19.28-19.30 and expected to pull back therefore increasing price of EWW

ZenithG

Peso has built enough momentum to test resistance - expect a pull back if peso cannot break through ~$19.30. RSI shows over bought conditions

ZenithG

Short term Peso looks like it wants to test summer lows. From there the Peso should recover and trend back up. RSI also confirms conditions for a short term drop followed by recovery.