August 8, 2016 This is an abstract from my one of my blogs: www.lucky-index-trading.blogspot.com Compare this chart with my previous publication and comments So, from my experience, this is how it worked (and obviously I am merely stating a little portion of the big picture, but so far this "luckily" was enough to help predicting some moves based on...
Last week Friday closing confirmed the weekly breakout of price action from a previously trading range. Trading range was 40 weeks long where we saw major buying and selling of the stock, which is also called Value Area. As per the volume profile, if any stock's price action moves above the value area then it signals a buy opportunity which we could see at...
Looking at the DOWJONES 3 hour Chart there is Green support line support coming out from July low. Also it broke the red resistance line. So ATH is a possible. Also when I connect High from April/May to the July high and draw the parallel line then the Green line and the red line crosses somewhere around$188 zone and creates a TRIANGLE. If you know how to play...
Looks pretty clear to me that with falling Oil prices, and a bounce off the former upward trending support, we have a megaphone formation appearing in the price. This means that we are likely headed for a target of roughly 7000. Possibly beyond that with a negative catalyst. As a leading indicator for the DJ30, DOWI with Dow theory, this signal is extremely negative.
$DIA closed last Friday just above the Fast MA line that remained support. The market will react to Friday's Stress Tests on Monday open and this line (the MA line) will be tested as support again. A close below the MA line can send $DIA back towards the top of the Bull Flag near 180$ If the price will stay above the MA line it can continue north towards the...
I went short FB today after witneseeing an extreme in sentiment, with lack of follow through after earnings. I like specially how it closed today, and expect to see rapid downside next week. If not short, enter at next week's open, risking a move above 128.33. We can see that price has traced an uptrending linear regression channel if we anchor the start and end...
This is rather significant. We can detect that blue chips are now trending down, with possibly drastic implications for the market. If not short, you might look into taking an entry in SPY or DIA, or index CFDs like this one, risking a 3 daily ATR rally above current prices. The weekly low has been, we can also place stops above the recent highest high. I'm...
Was the last 17 months a breakout consolidation with a new multi-year Bull Market to follow? The DJI chart examines the previous multi-year Bear Markets with initial breakout consolidation and ensuing Bull Markets. Similar market structure is now in place for the Bull Market to continue. Time will give us the answer.
There must be a comprehensive text, but I'm too lazy to write it.
prices successfully zoomed thru weekly breakout zone and kept trading higher. So far there is no major weakness is the Indice markets: prices stay above the trendlines and it's anyone's guess where they'll finish. The past week has seen some bulls leaving the arena, but will that be enough to kill off the current uptrend? On the weekly, it has merely started! An...
NEW HIGHS ARE STILL STRONG POSSIBILITY TILL BEFORE OR AFTER ELECTION. CHARTS WILL BE UPDATED THEN.
EVEN THOUGH I AM LONG Currently, BUT MY MONTHLY CHART IS SLUGGISH, WEEKLY IS STRONG still but some weakness there. So for some one who lost $100k in 08/09 and has been watching market for about 2 decades; "time to warn". I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after...
Trading levels with time analysis mentioned on chart. Price Levels are derived from demand supply area and Fibonacci. Same price levels can be used on daily chart.
We will see New All Time Highs in Global Markets Very Soon, (FTSE, Nifty are strongest indexes currently) Top 4 Reasons... 1. 60$ oil by June 2. Q E by Major Central Banks 3. Delay in Further Rate Hikes 4. Accumulation on Dips
1. SPX 500 is making new highs as expected earlier, but this is not sustainable, if Central Banks will not give a rate cut or further QE then markets will undo all the gains. 2. My Sell patterns have started to show up in the charts. 3. SPX is making third mountain in weekly charts. 4. Crude is looking to go around $40 and Below. 5. Volume is not showing any...
It seems only volatility in Utilities can truly threaten equity , so that this might be the ultimate indicator for going short equity . Right now the danger level is very low, because Utilities are through the roof.