ARKK and TQQQ are showing us clear buy signals with a lot of room upwards in my optimistic opinion. This is only my opinion , do your own analysis and research before investing
The World’s Biggest Asset Manager With $9 Trillion AUM, BlackRock are saying that the markets Are WRONG By Pricing In Interest Rate Cuts. There is a divergence between what the Fed is saying that they are going to do and what the markets are pricing in terms of interest rate bets. The Fed is saying “We aren’t going to cut rates”, but the market is focusing on the...
Not only is the market struggling to overcome 2000 (3 failures now), but we have a large #divergence on the weekly RSI, which depicts a loss of upside momentum. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or...
Just wanted to highlight the falling wedge pattern on the bund (#reversal) that we noted on Friday will complete on a close above 137.25, however given the move this morning we will just go with it. It offers an approximate 147 upside measured target. Near term #resistance is 140.63/85 - the 23.6% retracement of the move down from December 2021, the June 2022 low...
A significant loss of downside momentum depicted by the #divergence of the weekly and month #RSI AND a potential falling wedge suggests that market should be closely monitored for signs of #reversal. #fixedincome #technicalanalysis #trading #investing Disclaimer: The information posted on Trading View is for informative purposes and is not intended to...
Crude Oil has come under increasing downside pressure and has sold off to the 200-week ma at 66.15. We have various long term supports back to 64.54 (55-month ma) but given the sell signal on the weekly DMI AND the symmetrical triangle, which offers a downside measurement to 60.00, we continue to view this market as still vulnerable. Disclaimer: The information...
The strong rebound from its long term moving averages continues to suggest the bull move remain in charge. Longer term targets are the 1960 recent high and the 2070/90 region, which is the high we got back in 2022 and also the top of a 12 year channel (see monthly chart). Disclaimer: The information posted on Trading View is for informative purposes and is not...
Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
Powell's comments yesterday where he stated that should US jobs and economic data remain high, "we are prepared to increase the rate of hikes" and that "the ultimate peak is likely higher than expected" saw the US Dollar strengthen across the board. For EUR/USD, the Euro came under pressure but this was already underway from over a month ago, when we saw the...
This is a follow up video on the S+P, which last week bounced beautifully off its old downtrend and 200-day ma. We can only assume that this was a 'return to point of break out', that the potential bearish rising wedge pattern has been invalidated and that the bull move that started in October 2022 is in fact still in control. Disclaimer: The information posted...
We are at a significant juncture on the S+P daily chart. Are we breaking down from a negative rising wedge pattern OR are we seeing a return to point of break out from the previous downtrend, which together with the 200-day ma at 3940 will hold and provoke recovery? It is really not clear! but I would hold off getting too bearish unless a CLOSE below the 200-day...
I would suggest that it may be time to tighten up stops for short EUR/USD positions....why? 1. We are at the base of the cloud on the daily chart 2. The RSI is low, but not yet oversold on the daily chart, however the 4 hourly chart is starting to show a loss of downside momentum. 3. We are approaching the 1.0482/1.0463 2023 low and 38.2% retracement, where we...
My advanced modeling and TV scripts recently turned BEARISH on the Daily SPY. This means the markets have moved into a RISK-OFF mode - likely preparing for additional downside trending. While the Weekly modeling continues to stay BULLISH, I'm writing this update to warn my followers that both the Rotational Modeling and the TT-3MACD strategies have turned...
I received a question from someone watching my videos/research. The question was, "what is the downside risk for the markets if my bullish resolution fails". So, I created this video. This explains why the downside risks appear to be less than 35% right now compared to a 65% to 75% upside price resolution. Still, using Elliot Wave, we can't be 100% confident...
Are you following my SPY Cycle Patterns yet? If not, here is a list of the SPY Cycle Patterns for this week and beyond... 2/6/2023 2/7/2023 Inside-Breakaway 2/8/2023 Harami-Inside 2/9/2023 CRUSH 2/10/2023 GAP Potential 2/11/2023 GAP...
1. I look first at a daily chart and determine what is the trend. For the US dollar Index this is quite an interesting juncture - it has been in a down trend since September 2022, but has recently rallied from 100.69 to about 104.00. Is this just a correction higher or could this be a change of trend? 2. To answer that question I look at longer term charts....
In this video I talk about my strategy going into the CPI report tomorrow. I highly doubt it would be a market mover, but if it does I'm going to be looking to see how it comes in tomorrow morning. Disclaimer: The content of all videos produced by this channel are for educational purposes only. All ideas, opinions and/or forecasts are for informational purposes...
This is a Back-to-Basics video demonstrating the importance of looking at long term charts. This is a monthly chart of EUR/USD, which means every bar contains one month of trading data. Even for intraday traders it is important to know where the 'big' levels are and where the long-term trend for a market is. First level of note is the 61.8% retracement at .9620...