Gold price ended July at $1,974/oz which made last month the highest that gold has ever closed on a monthly basis-beating the previous high set back in August of 2011 of $1,823/oz. July also saw price make a new all-time high of $1,984/oz which beat Septemeber 2011's $1,920/oz. So far August 2020 has set a new all-time high of $2,030/oz which was made today with...
The S&P has been on a roller coaster ride so far in 2020. After gapping down on 2/24 and then declining -35% from its highs, the S&P 500 has managed to come all the way back towards that gap. In fact, it's in the process of filling that gap right now!
Knowing, after the fact, the March decline was extraordinary I began tracking an inevitable recovery. In anticipation I had identified 14 historic declines of similar magnitude over the last 100 years. The current event became 15.
A key milestone of recovery is the eventual cross of MACD/PPO vs related signal line (e.g., fast vs slow Exponential Moving Averages)....
X Force Global Analysis:
If you find our analyses to be helpful, make sure to support us by dropping a ‘like’
In this analysis, we explore the Bitcoin CME Futures chart on the daily in order to understand the technical barriers that Bitcoin faces in its bullish rally.
Analysis
- A gap is an area discontinuity in a security's chart where its price...
We present you with our selection from the open-source indicators published this month on TradingView. These scripts are the ones that caught our attention while analyzing the two thousand or so scripts published each month in TradingView's Public Library, the greatest repository of indicators in the world. If we missed any, please let us know. Most of these...
EARNINGS:
There's a bunch, but here are the ones that interest me most for volatility contraction plays:
BYND (46/87/17.2%)*, announcing Tuesday after market close.
ROKU (40/84/16.6%), announcing Wednesday after market close.
SQ (40/74/13.4%), announcing Wednesday after market close.
ETSY (38/74/14.8%), announcing Wednesday after market close.
UBER...
The break of the 1800 shelf in #gold set up a quick run to the 127.2 fib ext just shy of 2000. This is a psychologically important level & the first key resistance level. A clean break & hold sets up 2260. $GLD $GDX $GDXJ
This chart shows the SPX/M2 and essentially paints a picture of the SPX when accounting for inflation.
All the "gains" made in the time following the 2008 crash, after factoring inflation in, simply put price or "value" back to where it peaked.
How interesting that the 2020 crash should occur at such a pivotal TA level, forming a near perfect sweep of highs...
Shown in the weekly chart you can see a significant move that breaks a decade long trand line. However, at a cloaser look on the daily, you can see that it closed below the trendline.
After another drill into the anlytics, you can see where many resistances were broken and retested.
Looking at the 4HR chart you can see multiple resistance lines have been broken...
Technicals:
-Fibonacci Retracement and Timezone
-Elliot Wave Theory
-Copied Waves 1 & 2 to Create Waves 3, 4, 5
Fundamentals:
-BTC's Halving History Indicates a Nearly 10x
to the price each time $180 -> $1800 ->
$18,000 -> $180,000? -> $1.8m?
-On Smaller Timeframe, BTC has broken out of
the Downtrend Line Confirming Bullish
Breakout...
Here are the best. Under 10 years it's too luck based, and even up to 20 years. So all the people on the list will always be old.
Warren Buffet & Jesse Livermore started investing full time in their teens (Warren started at 8 but the track record starts later maybe late teens or twenties, Jesse started at 14 I began the track record estimate at 16), George Soros...
Ethereum has been showing a LOT of strength. It's definitely getting into overextended territory in the short term, but long term it has a ways to push up. If we look at the key resistance points in the past we can see that this $400 level was really critical and acted as support AND resistance multiple times. While it's still a little too early to tell if we will...
The corn never makes it easy, and with this breakout anybody who was hoping for a lower buying opportunity will now be chasing prices higher. It's a strong technical breakout of a multi-year triangle/consolidation pattern, so I'm expecting a run to set a higher high above the 2019 top (+14k) and possibly even test ATH. Still, would expect there to be a...
Hi all,
My thoughts on LINK both USDT and BTC pairing.
My thoughts are:
===================================================
> LINK.USDT < based on the below chart, on the right plain
Based on my chart, we have a typical channel bull flag, as per chart and its found the fib. level 0.5 a area of demand and the 0.382 as support
On the daily, and longer time...
💬 As confirmed coronavirus cases ticked up in the US at a faster rate than in the other countries shown on the chart (a selection of EU countries Germany, Italy and Spain, the UK, Canada, and China) we have seen a subsequent weakness in the US dollar compared to the currencies of those countries (as seen by EURUSD, GBPUSD, CADUSD, and CNYUSD).
As you can see...
The S&P 500 has had its biggest trailing four-month gain since 2009, but a new month is about to start. It might be a time to be aware of some potentially bearish chart patterns.
First is the bearish gap from February 24. The index tested into it last week but stalled. This is also close to the year-to-date breakeven line of 3231.
Next, the index had a bearish...
Old Dominion is a jewel of a company, and is very well run. I feel confident targeting $190/share if we get a nice bullish confirmation candle.
21.47B Market Cap
Income 615.4M
Sales 4.11B
Div% 0.33%
P/E 35.19
Forward P/E 31.24
P/FCF 46.5
Quick Ratio 1.90
EPS this Y 3.7%
EPS Next Y 21.97%
Sales Q/Q -0.3%
EPS Q/Q 1.5%
ROA +15.8%
ROI +19.5%
Profit Margin +15%...
Currently at Support of a Decade Long Upward Channel
As long as the WEEKLY candlestick chart closes WITHIN the channel I will consider my setup VALID.
I will consider this setup INVALIDATED, IF weekly candle closes BELOW the channel support.
Side Notes to consider: All lower timeframes ranging from 1hr to 3day are heavily OVERSOLD.
