So, i was studying the daily/weekly chart of the $SPX and thought to myself: this chart pattern looks familiar to me. I feel like I have seen this before in the not-to-distant past. The pattern: 1. cruising along at market highs 2. bears take over and we see a ~10% correction 3. bulls resume control and take prices back towards prior highs 4. we fail to...
The Indian Markets are hardly every the topic of discussion on Tradingview. Most people look mainly for the DJI - cuz 'America is great'. For me, it don't matter; wherever there is an opportunity I'll pay attention. The Indian Market is in a precarious position right now. I see some sort of expanding upward wedge. This can create probabilities for the north or...
The Dow Jones will go up to previous highs at around 26,800 to form a triple top reversal pattern, then will go back down towards 21,500. It's just cyclical. Nothing majorly wrong with the economy (not yet). Read the charts. The trend is your friend.
As Bitcoin's sudden rally higher captures the world's attention, it is not only cryptocurrency investment that is racing in an upward trend. Any company associated with BTC is experiencing a green day, and naturally, RIOT Blockchain and Social Detention Inc. (SODE) are no exception. As BTC continues to inch upwards back to last years highs, These two companies,...
the market seens to be indestructible, but the thing is, market has not retest dic lows, like it dit in april 8 2018, that was real whats why markets did go to all time highs, when we have market correction in feb 1, tax cut new sell the news, now we have another story china deal but these news have already price in, the last time that i see market not let it fall...
DIS faked a break below support but immediately closed back above support, indicating a continued move up
SPX500USD faces 4th rebound on the daily chart, market rally getting stretched amid slowing global economy, trade uncertainty and hesitant central banks.
Hi traders! Looking for a short term drop in the index. Not advice, just an idea! Good luck!!
DOW JONES HAS BEEN OVERBOUGHT IN ALL TIME FRAMES SO THIS DIP WAS COMING AND ITS NO SURPRISE. THE FUNDAMENTALS ARE STILL VERY BAD WITH DOW TRANSPORTS LOSING 11 TRADING DAYS IN A ROW IS A SIGN OF THINGS TO COME
Mario Draghi made an honest assessment of the Eurozone today, which wasn't rosey. The big money wasn't happy with this. Stock markets and Forex around the world were thrown into some degree of chaos. All stock indices were affected - proving once and for all - that we are all part of a global economic system. What happens in the Eurozone or in America, simply does...
I'm sorry folks, to be bearer of bad news. Doomsday has struck stockmarkets worldwide twice in the month of March and May historically. Here we are right now starring at a possible third anniversary event - right on our doorstep. The US Stockmarkets that influence the world, is in a nervous state in the last 7 days or so. They're holding the tiger by the tail! Am...
Technical Analysis and Outlook The index is continuously moving steadily to higher towards our Next Index Rally 2840 , while a significant Key Res 2814 will act as a major barrier. In near-term, on the downside, there is an intermediate Mean Sup 2747 , and Key Sup 2706 . (For latest Market Commentary, please visit the TradingSig_dot_com).
In this screencast I say that the recent weekly price action in Wall Street is a correction in a bear market. Price has moved into a critical zone and is struggling to stay afloat. This does not mean that it is bound to collapse. It means that price can probably move south.
VFC D1: Resistance zone + Overbought RSI(14) + Shooting star/Pin bar.
Ferrari (RACE) D1: Downtrend like from textbook + Horizontal level + Overbought + Hidden Divergence on RSI(14).
Fundamentals: - eco data clearly on the soft side (fear of technical recession becoming reality) - low int. rate environment - hurting EU financial sector - wage growth pressing company margins Technical: - weekly 20 & 200 MA confluence was a strong resistance -> reason to close long positions - broad channel pointing lower -> price below 10.000 level is on the table