1. Hourly rsi showing bullish divergence 2. Current support at 50% retracement since the run up from October low. 3. At every new low, the buying volume is increasing/showing more demand. 4. Maybe on Sunday futures open quick visit to 50% fib level, then bounce hopefully for start of the Santa Rally till the eoy. Just my ideas
Looking for a leg down to complete a 4th wave in Nasdaq & S&P . The recent strength can be counted as a B wave with C expected down. A very long trend line and recent touches on it could amount to a bit of a snap if it breaks. C waves are often an impulse as well, so it could be a quick decline... But it is a bull market so expect surprises to the upside as...
Contract - CME_MINI:MNQH2021 - High - 12864.25 - Low - 12843.00 Current Stats - Gap: = N/A - Session Open ATR: 175.40 - Volume: 20k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
The Santa Claus Rally was first published in the Traders Almanac in 1972. The definition is as follows: A stock market rise during the last 5 trading days in December and the first 2 trading days in the following January. For 2020 this means the Rally would start thursday December 24th, 2020; and end tuesday January 5th, 2021. According to the 2019 Stock...
AMZN is breaking a multi week wedge today, just ahead of the Christmas season and finally rally into the year end. Target = 55 Day Highest close for over 7% gain, I believe by mid January before we get some overbought selloffs in the indices.
As you can see we have closed an outside bar on a daily basis. This week canldestick will be bullish to ,because after a outside bar , we have seeing a bullish rise in the last bull run in 2010. When it gets to the upside channel(green) we'll probably see a bull run to 30 euro. With a good of luck we could see a new all time high at the end of april...
We're in the week that traditionally Santa's rally begins. Sales of tax losses usually end after the 15th of this month, so the coast is clear. At the same time, no one has forgotten the slaughter in the stock markets, which began at the same time last year. Well, do you believe in Santa and his rally in 2019? Yes, I was an obedient child during the year and I...
Go to Google, Bloomberg, Business Times and you’ll see big debates between nations talking about this rally. This sparked my curiosity to see if we could also see a stock market rally on the JSE this year. Today I’m going to tell you what the Santa Claus rally is, why it exists and how you have a 69% chance to profit from the JSE this December. Let’s get...
In today’s market insights I explain why equities are not affected by reports that China wants existing tariffs removed in order to proceed with phase one of a deal! Perhaps, investors couldn't care less about the consistent back and forth between US and China before they go home for Christmas... I reveal how I expect the S&P500 to perform in December, and while...
Hey Everyone, Have the BEARS taken over BTC? In my last chart... We are at the point where I believed we could see a reversal. As I explain lower, we need to hold above $6,775 to start heading higher for our CHRISTMAS run or SANTA RALLY as it is commonly known. While news out of China had moved the market HIGHER,it has now driven the market LOWER. Why...
XRT is the retail ETF and every year we get a burst around the holiday season if you're patient. Over the past three years, starting the beginning of November into December and even through some of January XRT and the Retail sector popped higher off the increased sales through the holiday season. Even last year while we experienced a correction to bear market in...
Santa rally when?
Looks like another tweezer top in October of all times! Think we gonna rally another 3-5% into the EOY.
Fun retracement and angular trend line magnet near 170. Watching for flag dip buy on hourly to go long. Missed entry.
HAPPY HOLIDAYS! Its Holiday Season and we just had positive earnings. This trade look good because we have seen a spike in volatility meaning the down trend is weak and coming to an end.
No reason to expect this is heading down on the monthly...barring a catastrophe.
Still below the rising wedge and rangebound as it bounces below the P point. Think this will be a boring flat day Friday. I am short term bearish due to the break below rising wedge will be buying the dips for Nov and Dec #Santa Rally.