This mornings Commentary is from Page 9 of the FSR - www.federalreserve.gov - Elevated valuation pressures are signaled by asset prices that are high relative to economic fundamentals or historical norms and are often driven by an increased willingness of investors to take on risk. As such, elevated valuation pressures imply a greater possibility of outsized...
Today we will define all the relevant levels on Disney either for bullish or bearish scenarios. After the gap on the 11th of November , the price kept falling, and now it's a good time to think about reversal areas or the following bearish targets My main conclusion right now is that we are on a Flag ABC pattern, which means that we may see content with the...
We are a month away from quad-witching date. Could we repeat a dump? Just in time Fed is about to begin taper and Biden is about to choose a new Fed Chair?
MFI touched overbought so selling off, if you're buying the dips I'd wait until MFI hits oversold again Note: There's a bearish divergence on the daily, so watch out. Market typically rallies at the end of the year, but nothing is typical about this market, lol.
targeting approximately 5 to 10 trading days after contact with orange macro trend line for major price drop. daily channels are typically within the parallel blue lines and a lower bounded channel for the bottom of larger price corrections. If the lower bound breaks, look out. Has not happened yet and but expecting a price target of 465, 450, 420, and 400 when...
Market has been trading in a range during ETH session. Any test of ETH session High, could provide direction for the day. Level to watch 4695 --- 4693 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
Today, we will take a look at American Airlines Group from a technical perspective. The main aspect we can observe is the weekly trendline working as dynamic support since 2008. We can consider it a major level from where we have observed lasting bullish impulses in the past. Alright, if that's our support level to start thinking in bullish opportunities, we...
Summary: Retail sales data helped send growth stocks higher on Tuesday. Earnings reports by big retailers came together with the data, creating an overall surprise on how much consumers are spending despite inflation concerns. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
A Break of Rising Wedge - Sideways Consolidation into the next Rising Wedge. A break of the Prior Highs can be an Overthrow to the Measured Move into the Apex of the the current rising wedge. The price moved out of a Bull Flag on 83% ADV. Momentum Cloud continues to show Positive Price action but with the Support Areas of the Cloud Lower on Speed...
With a run-of-the-mill correction, I believe the indices will check back to their 200-day moving averages, which for the QQQ, SPY, and DIA are 351.81 (-11.34%), 424.98 (-9.01%), and 344.41 (-5.27%) respectively. So based on the technicals, the QQQ is the most overstretched, followed by the SPY and then the DIA. The QQQ is susceptible to higher interest rates...
SPX500 and MMTW : a lovely correlation. Enjoy the beauty. No needs to say more, DYOR and peace
1/ Our Impulsive is invalidated we passed 50% retracements of W3. 2/ With higher probability we have an ABC completed so far. 3/ We can go for another ABC & form WXY (Double shots of Espresso) 4/ We can go up from here, we need a 100% motive wave from here to do so 5/OPEX Weeks usually have higher volatility with troughs that can start as early as today YET the...
Algo Bid. Usual Suspects in for Prop TSLA the notable again. Closed 78.25s x 8 @ 92 just now - 97s Open ______________________________________ UVXY trying to hang on... VIX Settle showing VXZ weakening into Final Day. ______________________________________ Profit-taking on EU Session closing 30 Minutes 11-11:30 AM EST
Yesterday market closed around Friday's Close and ETH session is trading in a range. Any test of ETH session High could provide direction for the day. Level to watch 4682 --- 4680 Reports to watch: US:Business Inventories 10:00 AM ET US:Housing Market Index 10:00 AM ET
Summary: The strengthening US Dollar and rising treasury yields put a damper on Friday's rally in big tech. Investors moved into defensive and cyclical sectors as Biden put his signature to the Infrastructure Bill on Monday. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
Hello traders and investors! Let’s see how the SPX is doing today! It just sought the 21 ema in the 1h chart, something already expected, and this point is holding the price nicely, for now. Only if the index loses the 21 ema, along with the green line at 4,664 it’ll frustrate this bullish bias, and correct more in the daily chart: A correction in the...
Buying PUTS in VIX is a given its a matter of when since the PUT costs are high. Taking a position here should bring breathing room for it to be profitable. Long SPY Short VIX is the move
looking at the daily charts and hourly charts, convinced me there will be a Neutral to Bearish week ahead! 1Hour chart: In the daily charts, you can see Major indexes out of a (-3,+3) Regression channel which could be considered that the previous rally since early has finished for now! and some correction or consolidation is more likely! But the story for ...