As much as we try not to repeat ideas here, occasionally, an opportunity emerges to harp on the same point.
As we have previously laid out the bear case for the S&P 500 from a historical volatility behavior perspective, this week we will zoom in on other metrics showing why we think the S&P may struggle from here.
The first and most interesting measure,...
Price appears to be forming an inverse HS. I will take a few weeks more to complete the pattern, but you can start with a small position and add while the pattern is shaping out.
Nasdaq Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 5.08% for this week, falling from the 5.14% from the last week.
Currently there is around 23.6% that the asset is going to close either above or below the channel:
TOP 11636
BOT 10500
The current volatility percentile is around 90th, placing us in very risky environment....
Malaysia Tech Stocks Index may find its support near 75.75 which is the confluence strong support zone :- 1) Major Demand Zone (Cyan/light blue rectangle box region )... 2) Region/Zone of The Lower Support Line of the Major Parallel channel (Cyan/Light Blue)
IMO this is what driving the market to be "choppy". Imagined the NASDAQ is in a strong uptrend while RSI and MACD are consolidating on the top which could be a sign for "distribution". This market deserve an correction. #IMO #TAYOR #weeklychart
Last year, #pkart started to rally in November and increased by 61% for exactly 3 months, then entered a correction period for 4 months and decreased by 21.41%. After the correction period, it again increased by 61% for 4 months and decreased by 21.41% in October. In the light of what has been mentioned above, price will reach the new peaks such as long term...
Hazer Group today broke out on light volume. The previous move (spurred by material news in regards to their graphite and hydrogen technology) of ~65% from $0.41 to $0.68 represents a move of $0.27 which gives this latest movement a target of $0.85. This also correlates with the historical all-time high.
Since the initial move the on 3/10/17 the previous price...
