- $SPY $QQQ bear had all its chances to bring QQQ down after a bear break this morning out of the tightening range we had in the last 4 days but bears couldn't follow through. - Want to see QQQ Bulls gain back its hourly uptrend and break above 308 area of resistance. - want to see XLF / KRE bounce for SPY & SPX to break out of its equilibrium bull. of course...
- XLF holding triple bottom support 15m, holding above yeseterdays low bounce off of it 3 times today, first initial sign for the bulls. Now bulls need the hourly trend change for XLF back to an uptrend to help SPY - QQQ's drop may seem a lot today due to how fast we pulled back from the morning but we are still way above 0.386 fib retracement on daily therefore...
- PPI data came in better then expected increasing the likelihood of a pause to 50-60% - XLF gapped down new lows but closed around cash open area, meaning there wasnt a lot of bear follow through after the gap down. The first sign bulls want to see is XLF holding its lows and start to bounce or even just going sideways is good for tech bulls. Bears want to see...
$SPX has huge volume today & it's getting close to a major support up trend line. 3800 level is good support. Has held this area many times. RSI looks good Inverse Head & Shoulder pattern. I know it's hard to be anything but negative but all is not lost hope yet.
- CPI data tomorrow will likely determine if we can break that triple top on QQQ - money rotating around today to tech sectors no a complete FEAR day where money is leaving the market. - KRE / XLF ETF needs to bounce for SPY to bounce - 0.25bp current priced in at 62%, and a pause at 38% - if we break that triple, im looking for a daily bounce and would liking...
- After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning. - QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ. - need to confirm a hourly uptrend to set the daily higher low for bulls. - would like to see...
This is a wave trend indicator on the S&P 500 index that is based on relative strength with straightforward oversold or overbought conditions. Relative strength is a measure of momentum where both speed (time) and magnitude (change) is measured and plotted with simple or weighted moving averages. What you are seeing above is a snapshot of a RSI/wave trend of the...
The truth is that we are starting a bull market and cautious analysts prefer not to say anything, but they are wasting their time waiting, now we see 2 confirmed symmetrical triangles and a third is missing, this is the same thing that happened a few days ago in Bitcoin, taking it to the level it is at now. Targets 53% from here to the first triangle end
We have a Crab, pointing up 80%, then if we cross the green triangle, there is a symmetric triangle, and we will see the same thing that we are watching with bitcoin a uptrend to the end of the symmetrical triangle, so this is a good option for short and long term
$SPX STOPPED COLD #SPX Weekly some hope but that can take time
$VIX in middle of range with slight +bias IMO #VIX resolves in 23 Long term, monthly, it kinda looks like it can resolved as it did in the shaded areas, again, likely 2023 One last hurrah #stocks #options
Sorry for not posting but tend to copy paste data to here and been very busy $SPX had ACCUMULATION, last day was 11/30 **************Yesterday was 1st sign of DISTRIBUTION************** #SPX weekly shows LONG TREND in tact & BULL moving avg crossover, for now at least $VIX #VIX no longer coinciding with IN-TER-EST-ING
2/2 $VIX is breaking pattern BUT #VIX HUGE support @ white line, since 2018 $SPX nice rally from lows Reduced MORE LONGS - Cash is min 20-55% now #SPX STILL in UP TREND Never broke 50 RSI monthly LOOK @ VOLUME Rallies used to reduce exposure? $SPY #stocks $SPXS $SPXL
1/2 $VIX is breaking pattern BUT #VIX HUGE support @ white line, since 2018 $SPX nice rally from lows Reduced MORE LONGS - Cash is min 20-55% now #SPX STILL in UP TREND Never broke 50 RSI monthly LOOK @ VOLUME Rallies used to reduce exposure? $SPY #stocks $SPXS $SPXL
I think we will see a christmas rally, there is an inverted head and shoulders pattern, a flag, a wedge, respecting all the time the top of the main channel
$SPY 👀 – 08/16/2022| S&P 500 | #Future #Outlook 🎯 - 📸 🚨 📌 What’s good #PublicCommunity? Que es la qué hay corrillo? 📌 We’re still currently impulsing within Wave 3 of the Intermediate Degree (in blue). We’ve just completed wave (iv), in black, and should expect another brief rally to complete wave (v), in black, of Wave 5, in red, to complete wave (3), in...
The market made a really nice broadening wedge Friday, but we're at major resistance. The market needs to pull back here to cool off and bring more buyers in. VXX is printing hollow red weekly candles which means she's about the blow up again. She's been primed and ready for a breakout for the past two weeks.
We're at the 50% retracement for the quarterly candle. That was to be expected given we printed an outside year candle. Bulls are currently fighting prior resistance levels. I'm quite bearish until we break above the previous swing high 4200.