insyyte

insyyte

This will be a pivotal week for the US markets. A deluge of data will unleash breathless spikes, tormented dives, and wicked whipsaws. Tue: Consumer Price Index Wed: FED decision on interest rate Thu: Retail data Fri: Options Quad witching. All of which make algo's merry and traders wary. Going to trade light, if at all. Globex #ES_F forming a low volume,...

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Impressive trend move off the bottom at 3916 in ON trade> long above 3060 to 3085 target. Short below 3916 to 3890 tgt.

insyyte Updated 

Low vol, narrow 20 point range in ON trade. Today's play: Short below 3994 to target 80, 65, 50. Long above 4015 to target 30, 50

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The 1+ yr. bear market is likely to come to an end when #BTC closes above the down trend line for a couple of weeks. The falling wedge is being challenged by the bulls. Fisher transform indicator is showing divergence to price, and likely to break out higher.

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FXI has been in a bear trend for almost 2 yrs. now. But now it's started to stir and challenging the 2 year bear channel resistance.

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Yesterday support came in at 4055. Well done bulls Today ON session is lackluster with less than 20 pts. range. Pivot: 4066. Previous resistance: 4045-50 range. May tag. Play today: Long >4085; Short <4065 If O830 NFP data is inline it will further embolden bulls.

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About 150 pts ramp after JPow buckled. ON session lackluster with 22 handles range. Pivot: 4039. Previous resistance: 4045-50 range. May tag. Play today: Long >4095; Short <4072

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Semiconductor bellwether has dropped about 26% from its high. No signs of stabilization yet. 61.8% fib support of last leg up move comes at about 253, where traders may wager a speculative long, with tight stop (250).

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QQQ is breaking out from its weekly consolidation with a 43 point range. Expecting QQQ to get to 340-346 in due course of time. This weeks top 5 Stimulus talks Covid 19 vaccine progress Volatility from lockdowns Brexit go/no go yo yo ECB stimulus Thu announcement.

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SPY gained 0.65% on Friday for its sixth straight record-setting advance. The Nasdaq Composite gained 0.6% to close at a record high, while the small caps IWM was up 0.85% All 11 S&P 500 sectors closed in positive territory, with leader energy (+1.9%) and the laggard health care sector (+0.2%). SPY has now broken through the weekly upper trend line. If the...

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As laid out in the earlier posts, the 12K was fulfilled. BTC is now finding support where it should. But going long only if the downward sloping resistance line is taken out. That resistance today is at 11682.

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Well friends, as suggested in my earlier posts SPY was expected to make a new high. That potential has been fulfilled. The price has been channeling for the past few weeks. Now trending at its upper trend line. Expect day liquidation breaks (about 3-7) SPY points to be bought while price channels. Strong support at 324-327 band.

insyyte Updated 

to new highs. SPY closed up 0.62% yesterday. Most gains were in overnight gap from ES futes. Mom squeeze has again changed colors and pointing up. ES futes showing mild weakness, down -2.00 as of now. SPY remains on track for new price highs in the coming weeks.

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especially when BTCUSD closes above 11814. Remains above support zone 10200-10400) and above resistance line. Staying long.

insyyte

BTCUSD may drift lower to the support zone at 10200-10400. Above 11500, and it will challenge 12000.

insyyte

SPY closed up 0.7% yesterday. With most of the gains from gap open. Yesterday was a narrow range day (NR7). Such days are compression days and energy release can be quiet explosive in either direction. ES futes are down about 13 handles and suggesting SPY open down about 0.4%. Support is at 320.50.

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A more that 1000 points in 15 mins. liquidation break is being steadily bought. A weekly close above 11470 is likely to propel to 14K 1st target. RSI staying above 50. RSI and price downtrend line now overpowered. Good potential for achieving 14k target.

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SPY closed up 0.79% last Fri. And at the ATH monthly close. Augurs well for new price ATH. ES futes trading up +19 handles as of now. SPY suggested up open about 0.6%. Most Mondays are green in the past 2 months. Big cap tech has been pulling the other indices with it. Strong earnings, in the face of pandemic, is exceptional.