The market has been walking on egg shells but with charts of emerging markets and with how most market indexes correlate I Do expect most markets to move higher from here. Gold Still appears to need one more move lower, WHY? look at all the commotion in the s&p500 and no real big spike in gold. The dollar looks like it needs one more move higher as well to be...
Checking in on SPY, QQQ and XLF. SPY and tech sectors looking to test recent weekly supports, meanwhile the financial sector lost that support today and has only the low of October left. In my opinion these supports are must hold levels for the market and the two largest sectors in the S&P500
SPY closed at the low of the week with only the low of October 259.85 as support, and we are likely to test that level first thing next week. It's clear the MA20 on every timeframe is important for SPY, and both the tech and financial sectors and this has been rejecting every bounce attempt on every timeframe so far. Bears have the momentum on every timeframe;...
Watching the S&P500 to hold the low of last week, otherwise we're looking down at the low of the October dump.
Bulls definitely showing they're not going to roll over here. Key levels: S: 279.00 - lose that and we lolk for healthy 4hr and daily consolidation R: 281.10, then a lack of resistance until 286.91 We've now bounced over half way from the low of the dump back to all time high
4hr gives me the most clarity. S: 269.59 R: 275,23
In this video I cover a short straddle trade in QQQ that has a slight bullish bias to profit from both a price pop as well as the high implied volatility in this underlying. **Current Market Structure** -Medium/Long term bullish trend -Price is reaching some key support areas at 175, 171, 170 -Bearish weekly candle may see prices push lower but I...
This video discusses how the market has been setup for a high probability of a melt-up. In a melt-up the market can jump 15-30% in the matter of weeks. Weeks ago I began positioning my trades for a melt-up scenario which pays off in days like today, but I think this thing could explode much higher. Today's price action sets us up for an opportunity to get long...
Everyone EEM chart setup looking like S&P500 chart , Waiting for retest of highs.
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Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!