Call the mechanic cos break down is coming around the corner. The price is clearly rolling over. Bollinger band width is tight and MACD also starting to lost momentum. Sell.
Potential H&S; Breaking of the green trendline indicates the pattern wont form; Breaking of the red one would be entry for the set up indicated on chart (short position). Atention to the simetry between the next major support and the percentage from the head to neck line of H&S.
SPX 1. Correlation/ Technical analysis - SPX has set up the most predictable price action I have ever seen - confirmed by two EXACT 0.55% moves higher and the last 4 moves have been almost exactly 2weeks. 2. Price action currently shows exhastion has set in and there will either be 1) another bull exhastion leg 3 (+0.55%) to 2206 OR 2) A sell-off will begin...
GO HSORT GUYS WITH LEAP OPTIONS OF NEEDED. PFIZER TOPPED OUT. buy the rumor sell the news " Pfizer to Buy Medivation for $14 Billion" The bigger the buy the greater the fall. www.wsj.com PFIZER is trying her last bet to survive but eventually will fall. wish Pfizer CEO and all the board directors can see it for them to look for new job or polish up resume or...
After some break from the market am back again. Well market is developing. the RED and GREEN LINE is parallel trading. So as long as the price continues we can trade in a channel. When reaches red line go short and when it touches green line it's a buy. Pink line will act as a support line too. If price breaks the Thick black line then it's a confirmation to go...
SPX Bull run 1. Post Brexit US equities have been in an easing induced rally, with the Fed delaying hikes, BOE easing and RBNZ/ RBA also easing - this encouraged US risk markets to set new highs - with 7 of the last 9 weeks strong closes higher. The Bull run over? 1. The last 2wks have closed flat but hhave remained rangey indicating the market has low...
There is a probability of sudden 2000 points selloff in US30, Volume on Sell Days is Higher, SPX and Nasdaq have my GoTo sell patterns, US30 is Making Fish Top on 4 Hour Chart, Vix is Ticking Up Slowly. Crude is Fueling the rally but it looks like crude will also start to pull back.
There must be a comprehensive text, but I'm too lazy to write it.
August 15, 2016 I already have discussed my opinion about the Japanese and European markets. Correlation matters. Short @18850 (pay attention of the timing of other important related markets) ^^
Crude is at 618 retracement, Buying Volume is low, is hitting 288 MA on 4 hour chart, speculative positions are declining , dollar is at its lower channel, go short with the target of $36
August 15, 2016 Hello folks ! So almost everything is written on the chart. Don't take it for granted, as I do not possess a crystal ball. However, one thing is clear: prices that are displayed vary across brokers' platform(s) for a battery of reasons (Futures, Market Makers, Bid/Ask spread or average price etc.) There is one thing to take back home though: 50%...
Hello folks, so as I mentioned earlier in my previous posts. The CAC40 would go higher (so would European indices, but the German DAX wasn't as eager as the French index to do so). The 4300-4450 range worked perfectly, and we went even higher (4500). However . Thursday's (August 11, 2016) US markets was clearly "algorithmically" driven. I think that scalpers and...
Here we have some Fibonacci ratio confluence that could be very powerfull We have stops above the 1.618 extension wich, in case that price action breaks it, means that the price is not overextended and that it has a high likelihood of going bullish. So we will expect a move towards of take profit or stop loss next week. You also have to have in mind that in...