VXF Technical AnalysisVXF - The price is currently at a weekly supply zone. It might surpass $176, but then I anticipate a pullback of at least 5% to 7%. The initial support is at $160. If $160 fails to hold, there's a possibility of a sharp decline to the $140 price zone.by Wormhole0070
Argentina's Strength through Fiscal ResponsibilityArgentina has made some of the hardest fiscal decisions of any country I can remember in my lifetime and with this has come growth and new investment. We could see a strong bottoming signal from a bit ago of the Lin Reg + RSI indicator with all values below 50 and RSI below 30. Confirmed in the Williams indicator with green bars and falling Relative Volume. I believe a DCA strategy for the next few months will be safe as there is support relatively close and mid and high end targets using a Gann Fan to estimate where we look to go. Although not so much TA I believe Argentina may follow Ecuador's lead in buying bitcoin as we are still yet to see what crypto summer has to offer. Longby AngryBuhda0
MJ ETF: A Bullish Opportunity in the Cannabis SectorSummary: The MJ ETF (ETFMG Alternative Harvest ETF) is shaping up to be a highly promising investment, driven by favorable regulatory developments and robust technical indicators. The cannabis sector is on the brink of a significant boost with the potential reclassification of marijuana from Schedule I to Schedule III by the DEA. This regulatory change could act as a major catalyst for MJ, which offers diversified exposure to leading companies in the cannabis industry. On the technical front, MJ has shown strong bullish signals. The MACD line has recently crossed above the signal line, indicating upward momentum. Additionally, a recent close above the fractal suggests a potential breakout, with the price pulling back to the fractal level, presenting a buying opportunity. Moreover, MJ has closed above the first resistance level (R1 at $4.50) and above the conversion line, reinforcing the bullish sentiment. With MJ currently trading at $4.31 and a conservative take profit target set at $6.55, the trade offers an estimated return of 51.96%. This trade strategy aligns well with moderate risk levels, given the ETF’s diversified nature and the positive outlook for the cannabis sector. In summary, the combination of regulatory tailwinds and technical strength makes MJ a compelling buy. Investors should monitor market news and technical signals closely to capitalize on this opportunity and optimize returns. This trade provides a balanced approach to risk and reward, leveraging both market developments and technical analysis for potential gains. Key Points: Current Price: $4.31 Take Profit Level: $6.55 Expected Return: 51.96% Catalysts: Regulatory changes, sector diversification Technical Indicators: MACD cross, close above fractal, pullback to fractal, close above R1, close above conversion lineLongby aaronkaltman0
$SPY Target near Apex.Updating Levels as we got ways to go before we see $600 AMEX:SPY return of hyper inflation will we see AMEX:SPY my high target of $640.30 or will it die off around $540.70 give or take after we reach those highs we will see pullback back down to $395 if buyers fail to step up to show support we'll be testing 2008 lows back around $285 eventually down to $200 then $86 then $24 (WW3 scenario / end of world scenario/ near default) As bears we've done our job to short squeeze it to highs as news hit about Trump wall st bought up the rumors let's see how long we'll extend the rally. Thinking we got a bit more to go before we short completely after the rate cuts come around fall time you'll see a mass sell off as banks shut down.Longby calmstrades1
$AGQ to $104Operating off of a confluence of multiple signals showing a major breakout for AMEX:AGQ , there is a simple chart wedge that at the 1.618 Fib level places us firmly @ $104 / share. - TVC:SILVER near term to hit ~$47/Oz: - TVC:SILVER long term to hit ~$205/Oz: The last time TVC:SILVER was at ~$48/Oz, AMEX:AGQ was around $740. Given the level of general macro instability, weather patterns potentially damaging critical infrastructure, increasing demands for physical TVC:SILVER for semiconductors / green engineering (solar), plus the backdrop of the weakening dollar (BRICS et. al. dumping US Treasuries), AMEX:AGQ just might follow these to factors Valhalla, if my analysis is correct. Would love to hear your thoughtsLongby httpz0
Bullish on OIHI am bullish for the rest of the summer on OIH. Energy prices and demand always rise in the summer. The technicals all look bullish, we've been riding a steady uptrend for about a year now and we are the point of breaking out of the lower value area and moving back up to over 400. Currently price sits at the 618 coefficient on the most recent swing hi-lo using fib retracement. Know Sure thing appears to indicate a movement to the upside. I see continued strength here unless some kind of sudden influx of oil floods the markets and demand destruction occurs, but I think oil is priced just right to continue higher at the moment without fear of that. FUD is spreading more and more around the world every day, with BRICS, and the idea of world war 3 in the air will lead to increased energy prices. After all, energy is everything. Without energy nothing else can be.Longby BestCentimeterUpdated 3
SQQQ Long 10.83 small stop 9.26I am early on that daily stoch and I know that, went in small. I believe tech drops cause rates watching 10 year and 2 year. Vol more buying selling by john12Updated 223
$UNG starting to accumulate a position. Swing TradeBuilding a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one Longby SolanaTradezUpdated 4
SPY: Week of April 13Hey everyone, Going into next week, it seems like we my start with selling first. Going into Monday probability is particularly bearish. Based on the assessment of the week it actually seems like we can expect dramatic moves in both directions, so if we head down first, I would expect the CPI catalyst to move us back up. Vice versa if we start bullish. Though, based on the numbers, its looking like we're starting bearish. The most bearish data is DIA (DOW). The data from SPY indicates something I call a matching move, which means, equal move down, equal move up. Not bearish in the long term but bearish initially which will be matched by the bullish rebound (again, assuming we start bearish). Larger picture remains bullish. I don't feel like I need to keep stressing that, but just in case, there is your reminder :p. Initial TP for SPY is a retrace of 518. If we hold that, I would anticipate continuation of sideways behaviour around that level then up. If we break it, then look for the secondary and tertiary low targets in the chart above. Max low would be the red box in the chart IMO and based on the data. Those are my thoughts! Safe trades! by SteverstevesUpdated 212152
Silver Miners vs Silver SpotThis might be the explosion that will kickstart the silver stocks. This chart is showing a possible W formation that's about to break out... as well as the 25 weekly crossing the 52 weekly, which is usually pretty significant. Lastly, if it can break above the ichimoku cloud, then this ride might take off. Longby CSGold10
S&P rally continues; will we see new high?After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no major warning signs for the buyers. On the other hand, there are many signs that confirm their strength: 1. Price is in a daily uptrend, aligned with higher level context (weekly/monthly uptrend). 2. Two unfilled gaps (Friday the 3rd and Monday the 6th). 3. Strong close of the week within the top value area (price has retraced >80% of April’s bearish wave). The only technical weakness on the chart is the monthly consolidation. Bears might try to defend April’s high ( 524 ), but unless they receive support from economic reports coming this week, their position looks very vulnerable. An important level for the bulls is 515 , where the price pivoted on Wednesday after a pre-market sell-off. Important economic data will be released on Tuesday and Wednesday, which could cause volatility in both directions. But as long as there are no major negative surprises, pullbacks are buying opportunities Disclaimer I don't give trading or investing advice, just sharing my thoughts. Longby hermes_trismeUpdated 2
Short UtilitiesUtilities have risen along with a bond rally, stock market surge and AI-hype. Stock market is back near peak valuation hit in late 2021, AI-hype is fading and surge in commodities is putting a lid on bonds. XLU also firing exhaustion signals.Shortby BasedCharts0
Silver Miners pop, down and then launchI feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes off. Could silver miners go a little more up then down? Absolutely, but miners are sensitive to market rallys and poundings like other stocks (see the pandemic in March 2020 on the chart).Longby EmptyEternityUpdated 224
Spy 🐻🚩Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear flag starts below 500, first target is 495 gap close.. The Inverted cup start below 495... short it and every pop to 480 Vix 2hour - bullish wedge DXY 4hour - bullflag Shortby ContraryTraderUpdated 5959133
Silver miners looking bullishThis monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise. We like the recent increase in volume and the bullish structure on the MACD. A break above $39 would exit the downtrend line linking the tops and would confirm the exit of this long wedge. Next resistances at $53then $94. A break below $22.50 would invalidate this view. -------------- In the context of gold and copper making new all time highs , the devaluation of currencies by countries around the world, starting with the US, and the increasing needs of silver for industrial production of alternative energies solutions, we think that silver and silver miners are due for a catch-up. Longby powerintegral0
SOXL and the sentiment cycleAMEX:SOXL setting up for a beautiful run ahead of NVDA earnings. Note the structure similar to Justin Mamis sentiment cycle.Longby Ben_1148x20
BTC Profit HedgingBitcoin has had an absolutely epic, face ripper rally over the last year and it may be time a look for a pullback in price as buying opportunities present themselves. Today I have been considering the BITI Short BTC ETF which could give us an amazing hedge if BTC sees a sharp decline. Now I do believe we reached a maximum pump at $50k, and I dont quite see the probability of Bitcoin moving higher just yet. Historically, we tend to see corrections moving into the halving cycle for April. But after that I would expect Bitcoin to officially start the next bull run. So if you would like to stack some more Bitcoin in your portfolio, this can be a good opportunity to triple your holding if we pull back to $30k or lower. I like the RSI showing us extremely oversold for quite a while, and its only now starting to tick up. Additionally, we are still below the range point of control which sits at $13.40. Anything above this price point I would expect buyers to hold their profits until the higher targets I have marked above. My plan, I am going to buy this ETF if Bitcoin sees a pop back up to $50k. Otherwise, it does seem like a great technical entry regardless. Good Luck! Longby afurs1Updated 7710
MSOS - Ascending Wedge- Downward MoveI actually would like to see MSOS move upwards. The only thing that has me worried is this ascending wedge that is pretty obvious. Classic move downwards to the .786 Fib around $6.28 range. The only thing that would catapult it up would be the reclassification to Schedule 1. I would like to see it break and test the ~$12 area. The is not trading advice, just something I happened to notice and wanted to share. by MadWicketUpdated 0
short term top in?7 points up in 7 weeks or 49 days. after going up 14 days. a move down into june is something to consider. this is not financial advise. do your own research. please dont follow my trades unless that is what you want to do. i dont want to be responsible for your success or failure. that is a heavy burden to carry which i am not ready for. my posts are intended for educational purposes to teach you how to learn to speak the language of numbers. Shortby Oppollo0
Opened (IRA): ARKK July 19th 40 Short Put... for a 1.01 credit. Comments: Adding a short put here in the vicinity of the 25 delta out in July with a break even better than what I currently have on for my covered call. (See Post Below). Will generally look to take profit at 50% max.Longby NaughtyPinesUpdated 0
Time to short the marketWere back at the top in this distribution phase if you miss this top there will be one more, but were only gunna maybe see one more pump before a big bear market.Shortby jlevtrading1Updated 2
Opening (IRA): BITO July 19th 30 Covered Call... for a 26.12 debit. Comments: Re-upping after closing out my longer-dated covered call (which I had rolled all the way out to December). Selling the -30 delta call against long stock here. As before, will look to roll out the short call for duration at 50% max, collect the monthly dividend along the way ... . I'll also look at selling short put, assuming I can get in on weakness and with a resulting break even better than what I currently have on.Longby NaughtyPines0
Silver is in short term consolidation before breaking $30It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after options expiration date. I see a smaller consolidation week in May before going even higher. I HIGHLY recommend Silver Miners right now. They saw some life this week and last - and since they usually lag, I can see them being down for the next two weeks before going up themselves. I like AMEX:SIL , AMEX:SILJ , and NUGT for indices, and NYSE:NEM for the best miner in the world for one simple reason - AMERICA will be the LAST country to nationalize their natural resources in a communistic reaction to the skyrocketing dollar. I expect that to happen starting next year. Longby EmptyEternityUpdated 1113