Famous American Author Alfred Paul Ries once said, “Good things happen when you narrow your focus”. Global macro conditions and monetary environment could make that quote apt for US equity market investing too. Given the backdrop of price behavior, this case study argues that a spread trade comprising of Long Dow Jones Index and short S&P 500 index provides a...
If the market wants to keep a healthy bullish trend, the excess oversold disruption in box 1 should be reflected with price action in box 2, outside of the yellow box. And if the level of prior high at 11727 holds as support upon retesting, we can set our target price at 12068. But if the prior high cannot hold, the market is likely to range. By then, it's safer...
An example of Renko and Ratios...is it predictive? It is also an Ascending Head and Shoulders Pattern forming.
quarterly momo is bearish in spy, and equity to gdp ratio is at or near a vertex, or local minimum. if you look at the volume based oscillations there is mixed indication. if you anchor vwap at the breakout level jan 2014 you can see were sitting right on the top band exploring the idea of a monthly higher low. if that breaks things like equity/gdp, market...
we are at a point where the use of credit to purchase staples has outpaced the use of cash to purchase other goods. the expense of debt in discretionary goods has reached an inflection point with the expense of transaction in basic supplies. the chart is at a high. the sell signal is in. count on the cost of goods being relatively cheaper, and that being bad for...
Preparing 2 scenarios: one for long and the other for short. Currently, the market is ranging mainly between 11180 and 10870. If the price up breaks 11180 , we can expect our TP price to be at 11605. On the way to our target price, we need to be aware of the level at 11490 and the downtrend line at the larger timescale that the levels could be potential...
1. Price is trending within the down channel perfectly. 2. Purple color: The price broke below the horizontal support of the ranging zone (0 to 1). And using the 1:1 ratio strategy, TP price is expected at the next 100% level (level 2). 3. On the way to level 2, we may want to pay attention to level 1.5, where the level could be a horizontal support. 4. Orange...
If the price breaks the uptrend channel, the price action will generally follow the downtrend and keep going down. And let’s use the 1:1 ratio strategy to find more details. 1. The price dropped from 0 to 1 and 2 in a perfect 1:1 ratio. 2. Level 2 could not stop the bears, and the price keeps dropping. By the strategy's rules, if level 2 cannot hold, the price...
Textbook ascending broadening wedge for the $gsr (#gold to #silver ratio) has a measured-move of 48.6, meaning 48 ounces of silver to buy one ounce of gold. At TODAYS gold price, it implies $36/oz silver. But it will be more, because gold price will be more.
Matic BINANCE:MATICUSDT vs ETH BINANCE:ETHUSD is breaking out of the symmetrical triangle For those of you who do not close spot trades into USD but into large Caps crypto assets, looking at ratios between different crypto assets are invaluable. If your favourite altcoin is not outperforming BTC, ETH, ADA or Sol then why hold that altcoin? Based on this...
Third quarter results for big tech came out last week and it wasn’t pretty. Is this a harbinger of another low? Look at the price action, the Nasdaq 100 is now sitting just below the .5 Fibonacci Level which has marked a local resistance level. Curiously the price structure looks very familiar when compared with the April to June period. In that episode,...
This chart of BTC over XAU which I made 2 years ago. we can see that the CCI broke out of its falling wedge. breakout from the descending channel will send it to 22.9 equivalent to 43k on BTC.
Quandl data SP500 PE ratio vs S&P 500 -------------------- -------------------
The rejection here has historical significance for the price of #silver, as it marked THE bottom after the 1980 peak, as no one needed/cared about precious metals when the Nikkei was so hot. Now we have the western markets rolling over in a big way with $GSR similar price. Back then, price tripled. In todays base price, that would take silver $54.
Its real simple, I'm looking for a bounce off of about -136 on on balance volume (OBV) on or around the 1st of November. Before a return to +52.7 OBV on April 2023. I don't want to go into all the details but on 2nd march 2020 53.27 acted as support. This area is critical it acted as resistance on 2nd Jan 2018 and 1st Nov 2018. There seems to be a 4 year cycle...
The Nasdaq 100 Index has had an incredible run, rewarding long-term investors with massive outperformance over the past 20 years. But as traders we want to position ourselves to benefit from short-term events as well. Look closer at the Nasdaq 100, S&P 500, and Russell 2000, you’ll find a similar setup to today, just 22 years prior, where the Nasdaq was trading...
this is another reason to think maybe there is some rebound in the works in index futures. puts have let off steam, and the general direction at this peak level is calls to return for indices futures.
Ratio with perfect range bounds. Are we at 50% ? matter of weeks/months