aaronrtan

aaronrtan

The monthly chart shows Meta is on 0.786 retracement level. Statistically 0.786 is a big level of a turn around. Either will go back up or down to $57. My bet is it will go up.

aaronrtan

It's called gravestone doji. The Gravestone Doji is a candlestick pattern that shows the opening and closing of the candle at the low of the day and is quite bearish. It is typically seen at the end of an advance where the upper shadow represents new high ground for the move. The fact that prices end the day at the opening (after all the work at higher levels)...

aaronrtan

SPY has taken out the liquidity as expected around $410 are, Actually I was tending towards the $407-$411, but I will take this. Considering VIX has made a death cross which is explain in my other post ( you may find the link below), and price action, I believe SPY will beak the 200 sma this time.

aaronrtan

What Is a Death Cross? The "death cross" is a market chart pattern reflecting recent price weakness. It refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving...

aaronrtan Updated 

There are two trendlines in the the chart above: 1. Main and very important one since 2009 which SPY respects 2. The last bullish move's trendline The second one is broken by a gap down on Friday. You may expect a test back of this line but I strongly believe SPY will test the MA100 (green line). MACD is also about to make a bearish crossover. The more...

aaronrtan

Although mid to long term I am bullish, for the next couple weeks, as I mentioned in my previous post, I am looking to see SPY $410 levels. May be lower? Who knows. VIX is about to make a Death Cross (50 sma is crossing below 200 sma). Whenever this happened, historically, VIX has spiked big before falling down. Also On weekly there is an obvious bullish RSI...

aaronrtan Updated 

You will find my point of view of SPY using TTM_Squeeze indicator. The TTM Squeeze indicator looks at the relationship between Bollinger Bands and Keltner Channels to help identify consolidations. The black dots along the horizontal axis indicate that the stock is “squeezing”. It then starts to build up energy to shift to a trending market. As you may...

aaronrtan Updated 

See my previous chart on SPY, where I mentioned 3 things: 1. Whales loaded their bags and they will unload at the demand zones, one is 405 2. They may get greedy and move on the the next supply zone after a new reload 3. I may be turning bullish on market. As you may see the channels, SPY is on the verge of doing "something" big. Place your bets.

aaronrtan Updated 

This week's events and catalysts: 1.White House brought us a new definition of "Recession" : "What is a recession? While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle. Instead, both official determinations of...

aaronrtan Updated 

Checkout the two regression channels of Tesla in weekly chart. At the top of the latest downtrend and in the middle of the bigger downtrend channels. Bull case: TSLA goes to $770 then retests $735 and goes to the top of the main channel, $880-$900 Bear case: TSLA cannot break $735, goes back to low $600. No matter where it goes, TSLA is at a very curios place.

aaronrtan

To the ones who are not familiar with the TTM Squeeze is a volatility and momentum indicator developed by John Carter, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. It has 2 stages: Being in the squeeze and squeeze being fired. (those who wants to learn more can research on Google). The squeezes...

aaronrtan

There is a bearish triangle in the play. It suggests a 8.4% move to $375 area. MACD D and double RSI (50 and 14) are confirming the downtrend. I think it will happen by end of March. PS. Not a trading advice nor I am a financial advisor.

aaronrtan

Monthly, weekly and daily chart has bullish gidden RSI divergence. DKNG is a beast hidden under dirt.

aaronrtan

UVXY is forming a bullish divergence. Looks like VIX will increase.I would love to hear your comments. PS. Not a financial advice nor I am a financial advisor.

aaronrtan

Although "almost" every single sector moved ATH's, the travel stocks are still at their lows. I have been keeping eye on CCL AAL BA for their long waited move. Looking at the daily chart: 1. Made the first higher low 2. Stayed above the 0.236 Fib line 3. RSI 14 crossed RSI 50 Looking CCL to move to the 0.382 Fib line and hoping it will either: 1. Stay above 2....

aaronrtan

The Friday's candle broke the channel was a very bullish one with a high volume. The TTM Squeeze is also about to get out of the squeeze which will trigger another high. (I used the "real licensed" TTM Squeeze in another platform) Ford has a chance to run $27. PS: I am not a financial advisor. This is only for education and entertainment purposes.

aaronrtan

On daily chart, dead cross (50 sma crossing below 200 sma) is about to happen. Fib Level 0.618 - $332 (the rectangle area) is a huge resistance which has been tried 4 times in December. Also 200 and 50 smas is suppressing the bullish movement. Looking for a breakdown to $300 area in near future. Disclaimer: This is not a trading advice. I am not a financial...

aaronrtan

In the weekly chart of APPL, the price is going up but RSI is going down. I am not experienced in RSI divergences, but if I am right, next year will be a huge crash for Apple. I would love to hear your comments.