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
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
NASDAQ and S&P500 gave reversal signals from their resistance levels. The same goes about DJ30. We have double top or bearish divergence as you wish. Any way it's a reversal signal with confirmation from RSI and MACD. DMI allows open a short trade. Entry level is below 18530, a stop order must be placed above 18590 and target near MA100. If price returns above...
Apple looks poised for the $100-101 level breakout
Volume:
- Volume has traded below the quarterly average for the past 10 days , consistent with apples post-Brexit bull run. Low volume is a bullish signal as it indicates investors do not want to offer their apple risk at current prices and wish to hold for further upside before increasing their offering.
-...
Bearish Flag is appearing on the charts, there are lot of euro data's in this week, we can sell the break below of the channel for 141 extension as initial targets...
End of Week Summary:
1. On the week we saw risk outperform safe havens for the first time since the brexit vote and the SPX and DJ30 set new all time highs by 2% and 1.2% respectively - somewhat encouraging given this was the longest period post-crisis that equity indexes have had since new highs, with a total time of apprx 1 year.
2. Given the articles...
We will see New All Time Highs in Global Markets Very Soon, (FTSE, Nifty are strongest indexes currently)
Top 4 Reasons...
1. 60$ 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...
So after yesterday's pullback from the highs, I believe it has a long way to go yet before we see some price stability.
Here are a my reasons.
1. MACD showing crossover.
2. Close below upward trending line.
3. Extremely low volatility which may lead to spike in volatility as price picks up rocks on its roll down.
5. Not oversold.
6. Price bounding off...
Volume
Apple Volume traded up for the first time in 4 days on thursday, increasing 25% from 20m to 26m, whilst this may be considered bearish - as increased selling, it is important to not 26m is still 35%-40% below the 4wk and 6month average.
Volume cannot fall forever and we have been trading at extremely low volumes all week, so given these facts, a modest...
The DJ is in an awkward position and the figure ETE is to confirm the possibility of shorts is very strong even stronger than the LT we are in a potential triple top
Posted this a few days ago.. posting two potential shorting opportunities. We have hit the 200MA on the 1h and the 50MA on the 4H chart. We may get a small bounce up here to start the week and then we will see if we can continue down.
Use low leverage and open trades with a small percentage of your account.
If you would like to join my investment PAMM account go...
Looking at support and resistance lines plus various moving averages, I would say the DJ transports is like to range for the rest of this year or until September.
After this time, this is when the market in general will make a decision about where the market is headed. My bias is for the downside.
At the current moment i'd say its a good sell to support.
I have a solution. Use the moving average 50 period low.
Check the 4h chart on US30.
Insert a 50 period moving average low.
Insert support and resistance lines.
You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong...
