FinCodeToad

FinCodeToad

The Inverted NASDAQ:QQQ shows a very clear H&S pattern. To compliment that, the MACD daily is about to cross with oscillators such as the stochastic's momentum index, and RSI (crossing the SMA) reveal the market is likely to go up.

FinCodeToad

There is the possibility of a potential head and shoulders forming on $SPY. It does look like there is hidden bearish divergence on the RSI forming on the hourly indicating more selling. Additionally stochastic momentum index is flashing sell. I would wait for the RSI to cross SMA for confirmation, but then I am looking to swing short.

FinCodeToad

There is small RSI divergence on the hourly. This is not hidden divergence so it's always important to remember that when in a downtrend buliish divergence is not a reliable indicator. You should always trade with the trend. If you look at the chart you can see a potential bullish megaphone forming. If we see a reversal here or a strong bounce of the bottom...

FinCodeToad

Bitcoin is forming a bearish pennant on the 15m. It also has a small RSI bearish divergence. I would suspect further downside in the short term.

FinCodeToad Updated 

XTZ/USD is showing bearish divergence in the RSI. After a nice run up to $1.12 you can see that XTZ/USD placed higher highs well the RSI place lower Highs. This divergence is usually a good sign of a potential sell off. I would expect a return to the 50MA at minimum before further upside.

FinCodeToad

NASDAQ:PDD is showing bearish divergence in the RSI after a consistent upward movement in a considerably bullish trend. The RSI is weakening showing less momentum. Additionally the oscillators such as stochastic and MACD are flashing sell signals. I suspect NASDAQ:PDD will have a slight correction down over the coming weeks to fill the gap on the Nov 27th,...

FinCodeToad

BTC/USD is fundamentally a long bet, but I suspect some more selling. The RSI has significantly diverged down as the BTC gained momentum meaning buyers are losing steam. I would expect at least a pullback to the 50MA as the main level to watch. BTC also showed a similar RSI divergence in the beginning of 2023. The oscillators confirm the downward movement.

FinCodeToad

The AMEX:SPY is showing bearish divergence on the RSI over the daily. If you look the SPY has pushed for higher highs but the buying pressure is slowly tapering off. Additionally most oscillators confirm the start of a bearish trend. I am always bullish in the long run, but this looks like a good setup for a short term swing. Looking into buying puts roughly a...