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...
Hi Guys, As you can see in the chart, It had a healthy correction and heading towards the upward momentum. And also crossed the 55 EMA line which is a good sign for it.
"Moviepass seemed like a deal that was too good to be true. For a low monthly fee, subscribers could get unlimited tickets to first-run screenings. The intention being that with all the data collected from the users, Helios & Matheson believed they could monetize their information. As the company flirts with bankruptcy, they spend each day hemorrhaging...
Actually it's not correct counting in indices like this but just trying.
2 days ago Applied Materials found support level at $47.2 This was a good opportunity for traders to take a long trade. 2 days later it flew to $49.8