We have a Gap open at 7700 from 28/06 to 01/07.
The rally was sold and the dip bought resulting in mild net gains yesterday.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Ok guys, I have been watching the U.S equities for a while now and I have proposed a price method that we very well might see play out.
If you have any comments or ideas your self leave me a comment down below.
It was a very exciting trading week ended on Friday 04th October 2018, it just goes to show that what goes up must definitely come down.
Based on the last 2 trading sessions, the question we should be asking now is how far down will the markets be going? What does this new week bring? Some weeks it is difficult to technically forecast the market movement and I...
Last post: May 29th. See chart.
Review: Price was trading just below resistance. A break and close above was required to suggest a bull trend continuation.
Update: The break and close was confirmed by the close of trading yesterday.
Conclusion: A bull trend continuation is now required to give confidence in the next bull run in stocks.
Any comments or...
This major US index is featuring for the first time on our TradingView blogs.
Current setup: Price has been trending well and may be the first index to breakout from consolidation it has been in since the start of 2018.
Conclusion: Patience needed until a break and close as well as a bull trend confirmation above the March 2018 high.
Any comments or...
JPM seems to be breaking our of a head and shoulders pattern, also backed by the Coppock curve breaking out of defending triangle and will probably rebound to carry on going even more negative. Also, I would short now, but if it breaks the 100 MA then its a definite short until the support of the last flag pattern. Furthermore the stock seems to be entering a new...
I bought AAPL when my market order was filled at 119.00, because it had exploded out of a short-term flag pattern and long-term cup and handle, and I'm going to keep my position till September on the announcement of the iPhone 8, but I would look out for the Coppock curve forming an ascending triangle meaning there could be a deceasing in price in the few months.