DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, GROWLIFE INC., SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, BANK OF AMERICA CORPORATION COMMON STOCK, GENERAL ELECTRIC COMPANY COMMON STOCK
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Bull trap or wash and rinse trade on Bitcoin 3.36% this week. Look for short opps if price fails and drops from this resistance. There is no demand volume
Needs a solid close above the resistance line, otherwise its heading lower from the close on Friday
Now we can see diminishing supply (negative volume) and a breakout of the trendline on the 240 min. We will need a daily close above the resistance to be confident this rally will continue (with increased demand - positive volume)
Huge supply volume in this consolidation, with no demand. DIA is weak and another possible dump down to the 200MA and beyond is on the cards
Price is rallying nicely on this 4 hour chart. However, the is no demand volume, which is actually decreasing. Places to watch for reversals are marked on the chart.
VIX is looking weak. No demand volume in this rally. Watch the 56 level for a reversal (bull trap) to the downside, which is positive for the indices - ES, NQ, YM etc
Has to hold at this yearly pivot level. A close below means more downside potential. Its already trading below its 200SMA
Alternative scenario is that it heads lower earlier in the day and bounces at the marked fib target @ 254 approx
SPY is sitting at its 200 day MA. Based on volume, I would expect a small bounce higher tomorrow, up to the 38.2 fib level as a max. Fundamentals and technicals show the long uptrend is damaged - ie. expect more downside and choppy movement.
There is no great supply volume on yesterday's order flow. Price is sitting on the daily 100 MA. Might see a rally for a day or two
This level is possibly the high for today. Last leg up lacks volume and hit a major inflection point
The 15 Minutue chart shows an upward corrective structure - volatile and not smooth lines of movement. This doesn't bode well for a positive upside turnaround. I would still have a bearish bias on that basis
If you want to follow the footsteps in institutional traders on the short term looking at VWAP, volume and price action will give you a good clue
Sellers are looking tired @ 5813 area, which I expect to be breached. I don't doubt they will come back in to sell another decent rally. So I think there is more downside to go. That will also be driven by what happens to the DOW and I have not done any analysis on that today.
If 5813 holds, I expect institutional traders will break that level to trip amateur ...
Here's the SPI on a four hour chart. Tricky bull trap and new high on no volume. Target is only a suggestion. Should be a LOT of selling on Monday
Interesting juncture. Could go either way. I am more biased towards the downside for a breakout
BULL TRAP - NO VOLUME
Correction/reversal coming soon. Bull trap breakout setting up from supply line a few years ago and cumulative volume has declined considerably.