AMEX:SPY April 12, 2024 15 Minutes. As expected ying yang is going on. Stop loss would have hit on both sides. After the quick fall from 523.86 to 512.76 AMEX:SPY has multiple times taken support at 512 levels. At the same time it is being resisted at 61.8% of the fall around 520 levels multiple times. For the first time in days has managed to close above...
SPX (SPY) is my 'overall market' instrument which is why i have used it for this analysis. Given: FED remains the primary determinant for overall market movement Drawdown 1 aligned with RSI MA cross-over Duration of Bull Run 2 is 'overbought' per RSI 50W MA (White) is extrapolated-projected (White dashed) It is noteworthy that: SPX / SPY...
Snap plunged two months ago. Now, after a period of consolidation, some traders may see further downside risk. The first pattern on today’s chart is the bearish gap on February 7 after revenue missed estimates. The social-media stock tried to recover a month later but quickly reversed. That may confirm resistance is in place. A descending triangle developed in...
Bome not only has the Team aspect but also resembles PEPE in various characteristics. These memes are managed with patience and often have the same explosions. To hypothesize the explosive movement, we should initially consider the bottom before the official listing on exchanges at around 0.004936. Subsequently, we have the area to break, and a daily close above...
Looking at the daily chart, it seems momentum is waning. PPM2 can't seem to maintain its position above the first derivative for much longer. Same goes for PPM3. While it seems like its all doom and gloom, note that the PPMs are only hovering around 0, not going into a trend. Looking at the weekly chart though, we see momentum looking to pick up, with PPM1...
MCK is a large cap medical supply company- it has experienced respectable earnings reports and steady growth as medical entities including surgery centers and hospitals are busy catching up on electric surgeries from the COVID era. It is rising ar or under the second upper VWAP line. The dual time frame RSI indicator ( by Chris Moody) shows that every time the...
The euro's rally from the December low appears to be losing steam. Tuesday's high respected a resistance cluster including a 61.8% Fib level, high-volume node and trend resistance. A 2-bar bearish reversal (which includes an engulfing candle) only made a marginal high above Friday's high, and a bearish divergence has formed on the RSI. With CPI looming, perhaps...
We have some nice confluence above, where we left an nPoC + a level that didn't sweep on the CME chart yet. If we can have a bit more downside first and tag last week's CME close which coincides with a high volume node, fib retrace and another nPoC, we long with tp1 and tp2 at the nPoCs above. Invalidation: lose H4 EMA 200 and high volume node below us You can...
I have a theory surrounding the 300ema and 300sma, and their crossing. In my charts the 300ema is always in orange and the 300sma is always in green. In my findings so far, whenever the ema crosses bearish over the sma, there usually is an upcoming opportunity for price to go below these moving averages. In most cases, price will reverse and will correct to the...
FFIE is rising in a Keltner channel with a moving average channel superimposed. On this 15 minute chart, FFIE went from a low volume trend down to a reversal with volume on the morning onf April 8th with the continuation into April 9th. This is a volatile penny stock. Long trades are taken when price crosses through the moving average channel especially if...
ACB is moving of late due to the legalization of marijuana in Germany as well as the election referendum in Florida in November. It is the best capitalized of the peer penny stocks in this sector. Today from the low at the opening bell to the high before the NY lunch hour, ACB moved about 30%. There was both a long and short trade here. The options moved...
NFLX has added 20% to price in the two months since the last earnings which were decent but not remarkable. The 2H chart shows a dip of about $20 per share coincident with a fall from the second upper VWAP line to support from the first upper VWAP line. The zero lag MACD shows line rising over the horizontal zero level in perhaps a sign of bullish...
A H&S has formed on the daily chart, this time it has broken below the neckline that has been succesfully retested with declining volumes during the formation of the pattern. So far a textbook H&S contrary to the previous one i published who never broke below the neckline. The potential drop of roughly 20% would be right on the 19$ GAP area and right around the...
Hey Rich Friends, Happy 2nd Quarter! I wanted to share my technical analysis of GBPUSD on the H4 timeframe. Make sure that you check the indicators on your chart and check the news. Here is what I am looking at: - The candles have already rejected the previous supply zone - It looks like a bearish harami candle pattern is forming - The stochastic looks like...
BTC is presenting some Wedge pattern were we can expect some correction ahead. Be patience on allocation.
Introduction APOLLOTYRE, a leading automotive company, has been making waves on the NSE Stock market recently. With its stock price bouncing back from a bearish trend, the company's shares have caught the attention of technical analysts and investors alike. In this blog, I'll take a closer look at the technical analysis of APOLLOTYRE's stock price and evaluate...
Buy BTC-USDT Now! Target: New Highs wiWe've got a hot tip for Bitcoin trading that you won't want to miss! Here’s a quick breakdown: Buy Signal : Our analysis suggests an immediate buy signal with an entry point at around $67,500 . This recommendation is underpinned by a study of daily Moving Averages (MAs), particularly the 50-day MA's behavior (orange line),...
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...