2 days ago, Applied Materials found support level at $47.2 This was a good opportunity to take a long trade. 2 days later it flew to $49.8
Interesting Thursday, a lot more volatility, and more trading opportunities. We had a couple of good trades, both trades were to the long side, one from YL and the other from S2, you can check our trades in the comment section of our last post. Moving forward, we expect a little more weakness, price was rejected from the March high, making a double top. PLAN...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 372.00 • Take Profit Level: 380.00 (800 pips) If the price...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1145.00 • Take Profit Level: 1160.00 (1500 pips) If the price...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 208.00 • Take Profit Level: 210.00 (200 pips) If the price...
Fibonacci and formations worked very well. On the monthly chart I also pointed to the returns from the Fibo supports and resistance. 17.73 (0.618) - Even if it turns, it can continue to move up 20.65 (0.5) - Important and equilibrium point 23.56 (0.382) - Most likely to return The first target is 20.65 but 17.73 is important too. You can sell at here and...
New high will not be late as a month for finance sector. $120 and more is a little range for JP Morgan Chase & Co.
Another retest and hold of the Feb lows indicating this bull run might not be over just yet. still think bulls have control Trade the triangle.
Expecting more downside for the Dow Jones in the medium-term. Looking for discounted entries around the beginning of Q3, assuming the downtrend continues along these lines.
As you may know now, the Federal Reserve eventually left interest rates unchanged and with no move to change its inflation outlook. A reasonable reaction was a resumed US Dollar appreciation a lot more consolidation for equities. The Dow Jones Index finished the session just off their low levels for the day, slumping 174 points or 0.7% to close at 23,925. The...
Pretty straightforward bracket here. Picking a high around $74 and a low in the high $40's. If I had to pick one, I would say due to the chart pattern the $74 is most likely, but watch for volatility taking this thing down to $48. Will keep an eye on it, options trade anyone?
Another big down trading day for equities. As Trade Selected Signal projected DJIA losses additional 2% on Friday session to head towards our T/P of 23375 (See Dow Jones Industrial Average Index_UPDATE chart). This VIX chart demonstrates the VIX Volatility Index (Chicago Board Options Exchange) featuring investors complacent. From the VIX Index, a displayed...
SPX to provide good zones for timing when to invest into stocks with a break of 23.6 fib and moving onto 38.2 and 50 fib.
One year on $VOOG using Ichimoku and MACD. Take a look at their holdings and decide for yourself. Top holdings include $AAPL $MSFT and $AMZN
I had a strange dream last night where I saw all of these weird channels on the long-term Dow chart so I thought I would try to recreate what I saw. Most likely is meaningless garbage but I thought I would do it anyway. Another thing this could be telling me is to stay away from spicy food before going to bed!
Stock sits at a key support/resistance area that was relevant for 3 years following the Great Recession. I'm looking for price to show me some kind of reversal pattern (Double/triple bottom, H&S, etc.) on the lower TF (D/4H/1H) and a break of structure to take a swing to the upside. If support breaks, I'd expect for the stock to extend losses before find buying...
Yesterday the stock market touched SMA 200 as well as the yearly pivot. Also the last candlestick is a bit doji-like. It may be an indication that we can start buying the stock market.
S&P500 has been on a rampage ever since its low of $800's back in 2008, but is the market out of rocket fuel? Well, it seems that way. If my analysis is correct the S&P500 finished a 10 year 5 wave bull run and its now on its way back to at least a 50% correction. Target for me is $1500