Alibaba for the next week or so may have some small negative correlations due to concerns over trade in China and the recent effects tariffs and political decisions had on Asian markets. That being said, it is coming in on a strong for positive correlations when looking at a 2 month time period. An expectancy of a $150 price tag should occur within January and it...
Price of gbpjpy after dropping 450 pips from oct22 to date is now on a bullish retracement in a bullish channel forming the elliot wave pattern with price having completed wave 1-3 where i anticipate price of gbpjpy to retrace after completing its 3wave and make a 4th wave around 143.930 to 144.123 region where we anticipate to enter a buy trade for 120plus pips...
Quick updates tonight. SPY had the most bullish day we've seen in weeks continuing with what we saw into close yesterday, and bulls are excited to have finally changed the hourly trend to an uptrend. The daily chart is an inside bar. First thing tomorrow bulls want to break the high of yesterday to break the inside bar bullish. Inside bar levels Support:...
I know that many of you are still doubters, but PAY ATTENTION. My analysis, on September 17, has predicted this market move lower and the bottom target near 2696 on the ES. My call at that time was that a major price bottom would setup between Oct 8th and the 12th - afterward, the markets would begin to move higher. Remember this was all predicted on SEPTEMBER...
SPY is looking to test the low of the February dump this week, printing an intraday low today of 259.85. We have three supports in this range from the beginning of the year: 259.05 from May; 254.67 from April; and 252.92 from February, the most important level to hold We are once again oversold on the daily chart, and the bullish divergence on the RSI and MACD...
Having watched the S&P500 drop to lower lows twice this week and it's becoming clear the market wants to test the low of the February dump at 252.92. We came close Friday with the low of day hitting 262.29, but in my opinion the market needs to break 260 and test the 250s in order to have confidence that low can hold. Back in February we had a much faster dump...
Hi Guys, Looking at the current scenario, the situation doesn't look good bank nifty can easily slip at 23500-23800 levels from here which is pretty much likely and if doesn't stop there it is going to slip to 20000-20500 levels where it has a strong support level. On the upside it has a huge resistance around 26000-26200 level, so to move upside it has to break...
Dow Jones Technical Analysis
This is unusual for us to analyse the S&P500 since our expertise is in the crypto space, but since the last S&P500 minor crash interfere with our bitcoin prediction, and ruined nearly two months of perfect accuracy( imgur.com ) we had to come and check how serious this really is. A another chart will be released soon of today's in the comments 16% explanation...
SPY on the daily timeframe has a daily inside bar and it's second bearish candlestick in a row. Low of the day did hold a long term trendline (blue) from back in January 2016 but also closed below the 200MA (green). So far we're looking at a very weak bounce on the daily and a potential bear flag. The amount of bear volume stands out compared to the bull...
We doubt that there will be much bear move at this point, but we shall continue monitoring the price movement before making any decisions. Dow fell last week and got some price rebound off the supply zone. Yesterday, we saw it moved around 300 points which was more than what we expected. At this point, we still have a slight bull bias in the near term but it...
Hi Guys, Titan is making a perfect head and shoulder pattern on the weekly chart which is bearish. It is the perfect time to get short(and get out if you are long). It made a bottom in November 2016 and then it never looked back. It had a good gap up opening in November 2017. Till April'18 it was making higher highs but in Aug'18 it wasn't able to cross previous...
SPY saw a much higher open today after a bounce premarket. Bulls were unable to break the high of premarket in the first moments of trading, and after a hard battle finally gave up and dumped back towards yesterday's close. The bulls bought the dip in the afternoon and we're left with a daily inside bar, and a potential bear flag. Today's high rejected from the...
SPY had a small gap down open and filled the gap before dumping much of the day. We saw a brief pause at my red trendline before bears took back over and dumped past it. The hidden bullish RSI & MACD divergence I pointed out are likely to be negated tomorrow; losing 268.49 will negate that divergence. Today eclipsed yesterday's volume by 30%, giving us the 4th...
Look for a failure of the price block highlighted, similar price action noted in the previous highs of 2000 & 2008. We see the relative strength fade as price continues to rally creating regular bearish divergence, after the break of the trendline hidden bearish divergence develops as the RSI shows higher highs and price continues to fall. 2000 and 2008 were...
FUBDAMENTALS Summary 1.Bank of Nova Scotia has announced 6 acquisitions in the past few quarters. 2.The company now expects about C$200 to C$250 million of integration costs in the next two years. 3.The bank should be able to achieve significant synergies and improve its operational efficiency through back-end systems improvement. 4.Bank of Nova Scotia should...