A break of this mini support could lead to a potential shorting opportunity
In my speculation based on the 2002-2003 bear market and 2008-2009 stimulus package, I believe we will see either a short term market rally anywhere between 2600-2900 or some stability in the index around 248-260 for the next couple days. We are at a very high bullish percent of 75 meaning we are at very high risk to enter back into a downward trend if the data...
REFER TO CHART TPS SET AT RED LINES
Refer to chart. Just truly to understand.
So Sunday Market Open we saw price gap up a couple hundreds pips to the upside. Came back down & retraced back toward market open price around 1660ish and made another bullish rally until 1690 or so. Gold seems to not be slowly down so keeping up with the trend. InTrAdAy Trade: Only entering this trade if my floor remains unbroken and holds as support level....
Downtrend still holding true. 6k incoming?
TICKER: $XLF Unlike SPY and QQQ, XLF confirmed its daily bull flag. However, we did see a red candlestick on Friday 12/13 to close out the week. Could this be the first indication of consolidation for the market? Keep in mind the financial sector is one of the top three section in the market. Also keep in mind that we closed green for ten weeks straight (see...
Here you have the picture to follow... it is easier to follow after you watched the video
In a chaotic market, it is nice to see the order, I had a tough time to figure it out, but I finely did it. Soon I will publish the 2nd helf of it and I will add some pictures for you to easy to follow. I added the videos I mentioned for you to follow in case you want to understand better my analysis fundamentals and guidelines. "A Dramatic Headline" "A Trip To...
We can see, 4th wave correction ABC, expanded flat at 4th wave which is a common thing to see of course with a desanding volume! we can see a bullish divergence in the RSI as well, so all the dotes point uptrend right now. Hit me up with questions, here at the comments and I'll do the I can to answer as fast and good as I could ;)
Analysis: 1. Daily trendline broke and retested. 2. Daily resistance retested. 3. Daily Fibo 38% retested. 4. 2H is not showing stop hunts but a clear jump on bullish .
ACB is a great stock. Super cheap for amount they produce. I'm long in the long run But I think there's substantial opportunity to make profit by shorting the stock as it experiences corrections in it's uptrend Normally I wouldn't recommend timing a stock like this or trading against the trend, but it's not seeing 10% pullbacks on upward moves, it's seeing 50+ %...
BTC head an shoulders forming Supports have been broken look out!