Stocks dumped yesterday as we anticipated in the reports. Yesterday morning, we saw a small bounce from the S&P 500 apparently attempting to test the mid 4400 handle, but this was attempt was swiftly batted down in a persistent selloff that lasted most of the day. At the end of the day, we saw a sharp buyback, which could have been a gamma squeeze as puts were...
The sell-off on the S+P 500 is finding some support from both cloud and Fibonacci support just above 4200, which prompted a decent rebound yesterday, so was this a simple correction and we should buy the dip or was this a start of a more significant sell off? From a technical perspective, we are increasingly of the opinion that the market has topped longer term,...
This chart shows the short term price action of DJI. There is still a lot of bearishness on the futures during the night. It will have a hard time to break through to the upside. But it's not impossible. Main resistance/rejectionspot is the green trendline.
$SPY now has an RSI below 30. Haven't been here since February/March 2020. We see what happened last time. $SPY bouncing off 420 support zone as well.
Believe the chart above is very much self-explanatory Bitcoin in trapped within a channel and nearing it's apex with an eventual price target of at least 30-27k which coincides with our horizontal support & area of interest and could also play out as a triple bottom which i think is more likely tbh. Should we fail to hold that then 24.7k could be a possible...
Inflation expectations (T10YIE, red line) have been on the rise since Q1 2020. Nominal yields (US10Y, turquoise line) bottomed as gold (XAUUSD, yellow line) topped in Aug 2020 after the Fed marked the end of stimulus expansion, shifting speculation to timing the eventual tightening. However, stocks (ESH2022, S&P 500 future, purple line) did not turn lower until...
Our view is positive for a short term rebound as long as the price stays above the $12.40 pivot The MACD must break above zero to trigger any additional gains
Since November, AMC CEO Adam Aron has sold more than $40M worth of stock and looking at the technicals it's no wonder - chart is riding the downward parallel channel and appears to be heading down to pre breakout levels $15 then $12. Expect a few pops along the way, but with institutions and the executives dumping on retail, not much bullish MOMO in this stock... for now
Our view is negative until $147.14 pivot breaks to the upside. The RSI is below it's neutral area of 50. The MACD is below its signal line and negative. Furthermore, price is below the 20, 50 and 100 day moving averages.
✅NASDAQ was trading in a nice rising channel But now we are seeing a strong bearish breakout From the channel and with the lower low Being established that means with the high probability That the current uptrend is over! I think we will see bullish rebound To retest the broken rising support of the channel From where the index will start falling again With...
After making good $ on shorting Tesla from the triangle break down, I'm re entering Long weekly calls speculating on a nice move in the coming days back to 1000 zone resistance. Barring any further market weakness I like the setup on Tesla here long : ER this week so expect a run up to earnings Bullish Hammer candle with high volume Key Resistance at 1000...
Trade carefully DJI may bounce down from this strong area Good luck
I invested in Atvi in late 2017, unfortunately Microsoft has bought it and so, i preferred to sell instead to wait and hope for a major price. It has been a turbulent journey, but I have gained.
USO trade idea - start building short as USO has followed the channel and appears to have topped. Measured move would be towards bottom of channel now. Stop loss near previous highs. I like this idea because while many names are currently down and hard to short in the hole, USO appears to have just started rolling over. Technical indicators are pointing to...
I have had the blue lines drawn out since around April or so, and I have now gained to confidence to showcase my work. I believe very soon AAPL, and many other stocks, will be hit with some bearish sentiment (whether around anti-trust or inflation, I do not know). This is my idea for what will happen: -Short term AAPL will hover around the red circle and...
UPST is forming another bearish flag. There is no sign of price reversing to the upside. Is totally bearish trading under the long term uptrend support now resistance. Great risk reward in this trade.
People about gold, do not forget it will be interesting in the future. Sure bitcoin was a short 69K entrant. I would open a long one for gold, which would be until 2023
You can buy Macy stocks aiming a mid-term profit! I prefer to wait until a confirmation. Beyond the technical: (do your analysis, I’m not educated in the case of fundamental analysis academically) Fair Price to Intrinsic Value: 0.91 which is a good score! To summarize my fundamental opinion on this stock: just good ( a little bullish )