AMEX:SPY
Volume Price Analysis
Looking at SNP rallying with low volume after that crash in Feb period.
Before the crash we can reference the same thing too, market breaking all time high all on lowest volume. Meaning to say that the rally is not a genuine market rally, as demand (Buyer) is getting lesser with very tick up.
This will mean that the rallying...
Yesterday, September 18 the FED has decided to lower interest rates by 0.25%. The markets reacted in an odd way because instead of the US Dollar going down it went up, freaking up some traders and speculators.
The reason why I did not panic or closed my position short on US Dollar is simply because of 2 simple reasons (as you can see on the chart):
1. Price...
Analysis on the Hourly:
Here we can see a shooting star formed with high volume, this indicates that a lot of selling was done at this point.
If we watch the rsi closely, it formed a double top, which indicates going down.
Now there's two possibilities:
1) Either it keeps going up and touches 652-655 (Fibonacci cluster) ,
2) Or we have a short-term...
FSLR will go up tomorrow on its ER, the stock has been going through the accumulation phase on the monthly weekly and daily time frames. This sets them up for a perfect explosion for this ER. In addition, the RSI is fairly low and the 8 EMA is holding as support. Furthermore, the volume is stable showing that the accumulation is getting charged up and ready to explode.
Longed at 1325.
Gold in a Triple combo wave WXYXZ (abc, abc, abc)
Volume anomaly on last drop.
Nice volatility, I expect a good retracement from here (78.6 fib).
This is short term, Nice Risk/Reward ratio. Huge volume support at 1319.
If I spot this rolling over, i'll manage the stop accordingly.
GBP has been recovering from short-term drop due to election loom, given the fact that it didnt break the support trend line clearly. *1.29285* would be a good long entry and TP at 1.304.
Trade Safe
Technical: On the 4 hour A FX:GBPUSD chart, a widespread bearish candled formed. This was followed by a second, much wider spread candle, both of which were validated by increasing volume.
Fundamental: Initial jobless claims were released in the US at 10:30UTC+10 with a result of 236K down from 238K in April and better than forecasted 245K. All in all a...
