I am st a 75 % net long from last weeks post .AND HAVE REMAINED NET LONG Long call in CAT DE SPY AND NOW IYT DOW TRANS ONLY AS WELL AS NET LONG US$ still from 89.50 to 89.75 as Well has net long inTLT 158.50 and added at 151.50 I also caught the low in BITCOIN AT 29500 i HAVE SOLD THAT OUT AT 36000. I will post details weekly wave count this weekend in all...
anyway it's always perma bullish also when the world is bearish lol. it's more fun to trade in our Cryptoworld !! just made it for fun. Enjoy! Happy Tr4Ding !
All in chart. Wait & See. Patience is the Key. Happy Tr4Ding !
The current S&P 500 monster rallye is actually starting a correction, when divided by its volatility. TVC:VIX Also note how the gap from march panic sales is now closed. We are seeing increased volatility paired with higher prices, which should be seen with at least some caution...
I have noticed many folks on here adjusting the channel that SPY is in a bit too frequently. If we draw the original channel that we moved upwards in, it becomes more clear that SPY has fallen out of the channel and is now retesting that structure. I have updated my original idea, to now show only 1 option moving forward, as I believe this one is the most...
this is the prediction of how index futures may go for next week starting 11 May 2020 as you can see there are perfect elliot impulse wave (12345) then correction wave ( ABC ) we are going to phase C this week so be prepare (to short trade?) !!!
After the first impulse from the local bottom, we'd corrected to the 38.2% Fibonacci then we bounced up. Now we are moving into the local downward channel that's a correction channel. We have already reached the level of 38.2% and started to grow. There is a possibility that we can still fall to 50% near the lower support line and after that, we’ll break the...
At recent crash, SP500 index found it's first support and %10 bounced at Fibonacci 0.618 extension level of last decade. It wouldn't be much surprising if 1.618 level will try to hold with all that old price action area nearby and the purple potantial support. RSI still has a room to say oversold, check the green boxes at RSI. I'll be monitoring well dipped stocks...
4H CHART EXPLANATION: Price in on a clear uptrend, and now it has broken the top of the Ascending Channel. This is a clear bullish signal, so, we consider it has potential to reach the Resistance Zone. Will look for a lower timeframe bullish opportunity. DAILY CHART ANALYSIS:
Quick one here. SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC. This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices. Another piece of information to bear in mind.
Yes it is nothing new or original, but it bears repeating. The inversion of the 2yr and 10yr US yields still remains the holy grail of predictive indicators, once these yields invert (the 2yr yields more than the 10yr) start your stop watch to recession. DO NOT BE CAUGHT OUT Protect your wealth that you choose to hold within the financial system, think about...
SP-500/ Gold - #ValueCycle Analysis *Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500 *I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below) Macro Analysis: Lower Chart - After the lunacy of the tech wreck in the late 90's...
Hey! It's time for a brand new S&P500 analysis. S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further. NOTICE: YELLOW LINE : Broken trendline in the middle of the other two. RED LINE : The bottom trendline which is the current support IF S&P500 falls. ...
BASED ON MY FORECAST THAT THE TOP IS IN JAN AND THAT WE ARE IN A 2 YEAR BEAR FYI ONE DOWN ALREADY MY FRACTAL WORK LOOKS FOR MY CYCLE LOW DUE NOW INTO DEC 18 AS LONG AS 2445 HOLDS I STILL HAVE A SHARP RALLY FYI I WENT LONG SP 2566AND 2547 ADDING 2510 AND 2483 WE SHOULD SEE A SHARP RALLY BACK TO JUST ABOVE 2815 INTO JAN 14 PEAK
A lot of money in the market. It's time for a "haircut" Target: 1576 (-43%)
This index could still run a few miles ahead even though there is a tremendous technological valuation that needs correction. A lot of things can change in 10 years, whether you like it or not Trump has a lot of power and influence on the USA and world economy for the next decade. This projection is based on the fractal nature of market cycles.
Clear uptrend buy pullback at strong volume area. Take profit on todays POC.
UPtrend channel. Nearing lower limit of trand channel.