On this weekly chart, the SPX just couldnt look more bullish to me.
Check out the volume surges and the RBL on the RSI. Also note that price and the RSI are both sitting on support right here and at a retest of the DTL.
The only thing I dont like is the negative divergence on the RSI and the PAs multiple failures to make new highs.
If the SPX rolls 2000s and...
Since the price was not able to breakup above 3300, a new downtrend, which proposes to buy back somewhere between 2678 and 2768, is in play on the 4h. Therefore, shorting it here or (even better) upon another failed breakup seems the most reasonable option for now. Back to bullmode only if 3300 gives in...
Full credit initially for this chart goes to JoeBu on Trading View. He was kind enough to share his initial chart with me.
This is an updated chart following my last chart on the failure of the megabull that occurred after January 15th. This chart is my predictive forecast on the occurrence of the next Megabull cycle after our latest failure at the double top...
First of all, kudos to all of those who rode yesterday's rally!! I rode it with good size and closed near the close sequentially, around 210.50s in average exit price.
On wednesday 18th, the FOMC committee communicated two big shifts in its forward guidance regarding the interest rate path:
1. Lowering the Fed Funds Rate forecast for the end of 2015 (from 1,125%...
There is a high likelihood that bitcoin has found its long-term bottom. The descending wedge that bitcoin has been in for a year is still valid, except that the floor turned out not to be in exactly the right place. Nonetheless, the pattern of decline that has taken place for over a year now confirms that bitcoin is not destined to crash to zero, at the very...
Elliott Wave Principle defines us above all direction. Chart above shows alternate descriptions waves than the $QQQ chart / /. But the direction is the same.
Before us Alibaba IPO, option expiration week, FOMC meeting, the end of the quarter. These events will uphold the market.
And besides - a symmetrical triangle it's perfect example of wave 4.
thepatternsite.com
Apple is at the crossroads between reaching a new all time high or facing a larger pullback. I highlighted in blue some interesting correlations with the Fibonacci circle (which connects the all time high of 2012 with the start of the rally in 2014). Some traders want to avoid the double top risk and are starting to sell before $100.00 is reached and then plan to...
IF A COMPANY HAS CONTINUED GROWTH IN A CHANNEL WITH FLAWLESS STRENGTH AND A NICHE MARKET FOR A PRODUCT USED AS NECESSITY IN AN ECONOMY STRUGGLING TO FIND PRODUCTION YET PRODUCE OIL AND GAS WHICH IN TURN GASOLINE RISING AT THE PUMP AND CORN BASED ETHANOL OUR ATTEMPT TO GO GREEN IN A DIRTY BLACK FOSSIL FUEL LOL. THE GOVERNMENT MANDATES A PERCENTAGE IN EACH GALLON...
Gilead has surpassed previous $76 resistance mark as well as it's 100-Day Moving Average on it's way back to test the $84.50 mark.
I'll keep an eye on that volume and hope for the bull.
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All opinions expressed by Emuffn3 on this website are solely Emuffn3’s opinions and do not reflect the opinions of TradingView, or their affiliates. You should not...
![XBTEUR: Outlook until Quarter I 2016 - Exchange: Kraken [EURO]](https://s3.tradingview.com/2/23nirRdP_mid.png "Outlook until Quarter I 2016 - Exchange: Kraken [EURO]")
