SPY TRADING IN RANGE BUT IF BREAK BLACK SUPPORT LINE THEN BEAR MARKET. The RED AND GREEN DOTTED LINES ARE FOR NOW A PROBABLE TRADING CHANNELS. There is a second black line at the top and that is the ultimate resistance line and if breaks then new high possible. But for now we can expect a choppy volatile trade till it break either black lines. good strategy for...
FED/ FOMC Tactical 18hr trading strategy:
1. With active structural shorts from 2180 (previously discussed/ entered) take profits "early" into the intermediate lows at 2100-2120 that we are likely to see into Fed volatility given hawkish surprise which may or MAY not occur.
- Taking profit even at higher levels (if the hike surprise pricing is less aggressive...
FED/ FOMC Tactical 18hr trading strategy:
1. With active structural shorts from 2180 (previously discussed/ entered) take profits "early" into the intermediate lows at 2100-2120 that we are likely to see into Fed volatility given hawkish surprise which may or MAY not occur.
- Taking profit even at higher levels (if the hike surprise pricing is less aggressive...
The Dow reached as low as 17905 earlier in the day, but has since recovered somewhat to 18150.
Technically: The Dow is due for a large correction to the downside. There is strong divergence on the monthly chart towards 18500. The target would be the missed monthly pivot at 16300.
Fundamentally: US stocks are due for a correction to the downside, because the...
SPX downside to 2000
Option Volume:
1. Total CBOE -0.79% Equity option volume broke Brexit highs and 1YR +2StanDevs at 36 to trade at 38 (and 70% higher on the day) indicating we are entering an aggressive sell-off period (holders of underlying have scrambled to hedge their exposure in a fashion more aggressive than brexit! - which is particularly saying...
SPX downside to 2000
Option Volume:
1. Total CBOE Equity option volume broke Brexit highs and 1YR +2StanDevs at 36 to trade at 38 indicating we are entering an aggressive sell-off period (holders of underlying have scrambled to hedge their exposure in a fashion more aggressive than brexit! - which is particularly saying something given that we saw SPX trade...
CBOE Equity Option Volume:
1. Total Equities Option volume now trades above all moving averages and is currently 1 deviation above the 3 month and 1 month average - we moved 40% higher on Friday post yellens hawkish Jackson Hole Speech, from 1700000 to 2500000.
- Though we remain about 40-50% below the "risk-off" shift levels that we usually see in a firm...
We have a reversal signal on 1H chart. Price bounced from MA100 with RSI and MACD confirmation. Higher time frame confirms possible down movement. DMI allows open short trades. Place a pending order below MA50 and stop above MA100. Profit target is the Bollinger Band.
There is a probability of sudden 2000 points selloff in US30, Volume on Sell Days is Higher, SPX and Nasdaq have my GoTo sell patterns, US30 is Making Fish Top on 4 Hour Chart, Vix is Ticking Up Slowly. Crude is Fueling the rally but it looks like crude will also start to pull back.
There is a possibility of sudden 700 points sell off in nifty, i can see some short patterns in nifty and bank nifty charts, there is also heavy PUT buying going on, VIX is ticking up, global markets are also suggesting a sell off, and INR is also not getting strong..
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...
