* Confluence from sine wave and SMI as well * Minima from low of Feb 21st, and Maxima at open of March 4th * Have set an aggressive entry a bit higher than the prev HH fractal's wick
Long SMI. Trend continuation. 200MA acts as support, supported by 100MA heading up. On daily TF RSI oversold with divergence COPPOCK confirmes it. Coppock above 0 line on Daily Bullish momentum price above 20MA. Looking for retest of structure usually SMI lags behind EU indices or FIB extension to reach new highs. GOOD LUCK
Using 1day-Bollinger Bands (BB,20,3) and SMI Ergodic Indicator (well, basically both are price based as SMI_Ergodic is based on True Strength Index) for BTCUSD and adding a rough extrapolation (using data from Jan-Jun, 2014) -> I think that BTC might be zigzagging in the roughly-hand-drawn channel (upper: red, lower: green). This is NOT a trading advise, just a...
Here we have 8h ETH-USD, I think that ETH might be a good call to buy now, because - Coppock entered + - Volume is supercool - RSI seemed to leave lower zone - 8h Klinger and SMI Ergodic both OK - Supports (MAs) are OK. My tactics: - Buy in 1/3 @1070, 1/3 @1050, 1/3 @1030 - Stop sell : @1000 (3-7%, WA:5%) loss, or on volume drop - Exit 1/2@1300 (25%), 1/2...
#Swiss #SMI poised for a move north up to highs early 9100's? Base around mid 8800? Support 8800 then 8700?
Greetings, traders! TVC:SSMI reached point IV of the bullish wolfe wave and after failing to break the resistance level(s) is heading South to point V. If this point is reached and reversal of downtrend is confirmed by forming the local low and supported by divergence/volume/data, it can become a nice long opportunity. GL All!
*All time high ('ATH') on a Total Return basis (dividends reinvested) 1. SMI has rallied an incredible 4% month to date, 7% in 30 days. 2. 'ATH's are defined as a tops set and not surpassed for several quarters to years. 2. We distinguish between rallies below the 'ATH', and rallies above 'ATH'. 3.a. Rally to the 'ATH' (from below) can continue similar momentum...
SSMI is in a corrective phase. I'm expecting a possible completion of this expanding structure for a strong move to the downside. A strong breakout of this structure to the upside invalidates the setup.
SMIO AND SMII show there's still a relatively strong dip going on. When looking at the H4, we can see a (not so clear) channel. Combined with the looks of the Volume Profile, the most logical move is the continuation of a short at least until 25th of May 2016 (this wednesday). However. There could be newer support that causes a slight bump up and then down...
Depending on how long China can keep credit bubble inflated and on how fast Fed hikes (which will trigger EM cirisis), downside risk can materialize sooner or later. Same logic goes for SPX.
I'm out. We pierced the only support that mattered. Watch out for sharks... the whales have left the building. And once again, they say, thank you for your buy support as they sold off their bags of holding. Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating. It's even dropping as I'm writing this...
Based on the literal description of Ponzi scheme... you can basically say that any IPO is a ponzi. The first in, get the biggest profits because they sell to the last in, that are the bagholders. Those millionaires and billionaires sure do thank you, the commoners, from the bottom of their greedy black hearts! 'Murica
Here we are. As forseen for several days, the correction on indexes has been ignited. SPX has started the initiative following by DOWI DAX NASDAQ CAC SMI and tomorrow it will continue with IBEX35. On the other hand, VIX jump up one to a sudden. The midway to the correction may be around 1840-1820. Here we are.... At last....In the mean time those who are...