They can last years, and take over a decade to recover from. Scary right? Proper portfolio, and trading management is essential for not only survival, but also being able to thrive in that environment.
Read this interesting story here :https://www.shine.cn/feature/art-culture/2306162717/ Our mind is constantly bombarded with news, false information, fake news, rumours, gossips,etc everyday. Our attention span is decreasing by the seconds each day upon receiving a piece of news. We are too scattered and deplete our energy over many useless stuff that steal our...
How we close the end of this week is decisive. Is this just the relief rally like what we had in Sept 6, 2023 which only bottomed on Oct 26, 2023. Do you see any difference between these two rallies? NASDAQ:QQQ
Let me know your thoughts on this trade =) Personally I would like to scoop up some BTC at low 50s.
Expired SPY Weekly outlook. 2nd WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 511.29 Target Price: 512.94 | Strike Price: 518.48 MAY7 24' Upper Range: 518.96 Lower Range: 506.92
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M Details: The short-term outlook suggests that the recent completion of the 1-red wave and the initiation of the 2-red wave are underway, and it appears that the latter has just concluded. Maintaining price above the support level at 92.93 would be an initial advantage for this perspective. However,...
We've seen a wild +25% rally since Oct 2023 in SPY. Honestly, I did not expect this move back in Oct, especially since we broke down below the MAs and they acted as resistance for 3 weeks. However, the market doesn't care about what we think it will do. I don't like calling tops, but nothing goes straight up. With the crypto market building up hype as well, I...
Bearish at the end of a double bottom Short target here is 200 gap close.. Has a final gap at 206.30 to close so thats where i will enter.. Stop loss 207.50 Target 200
Upside Targets: * 442.24/443.81/445.56 Downside Targets: *440.79/439.3/437.26 Daily Trend Tracker - *QQQ+ *DXY- *VIX- *US10Y+
I never really traded this before. But from the chart perspective and all talk about lowering rates. This one sure seems interesting on the weekly chart. Volume and RSI divergence, plus OBV balances higher up. Even oversold on monthly RSI. Last two weeks candels has also been bullish. Maybe? Will hold this for some time. I think.
This picture indicates that if the candlestick can stand on support level 1 at the price of 205.05, it can generate profits in the upward direction, and it can take profits at resistance level 2 at the price of 211.03. Additionally, you can check the RSI indicator to confirm the trend further; if the RSI stands above the 70 line, it indicates a bullish trend.
Looking at the daily chart, it seems like the short term momentum is waning a little. PPM1 is on its way down and has just crossed its first derivative, suggesting we have at least temporarily topped. The 10 SMA is also showing downside movement. The PPMs 2 and 3 are still holding on it seems. So are the upward slopes of their respective SMAs. So we could get...
TLT long term bond ETF ripe for a swing trade to $92 coming off the 1. Hard landing concerns -> Treasury Bond Rally (TLT) 2. Faster Fed Rate cuts -> Treasury Bond Rally (TLT) 3. Inflation Dropping -> Treasury Bond Rally (TLT)
TheTradersRoom is very long #CQQQ from much lower levels and looking to hold this one till at least we see 2-3x gains on it. We have entered it first days of Feb and very happy with the result. China is recovering and Im expecting a perfect inversion alignment to QQQ here into the end of the next year. It was a clear breakout from the downtrend channel last...
AMEX:SPY May 7,2024 15 Minutes. AMEX:SPY managed to stay above 510 levels. Now we have 100 and 200 also near 510 levels. Now holding 513 levels uptrend intact. 513 is the 61.8 % retracement for the fall 524.61 to 493.86. 510 is important because it is 38.2% retracement for the rise 599.55 to 516.61. For the day holding 514 levels i have a target 518-519...
So, for anyone who likes to watch certain movements. A big one is about to occur. A rejection from this break is the covid drop. about 30% and some. However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe. That takes us down below 200. It...
Here's a set up that will be meaningful: NASDAQ:TLT breaking out through the downtrend AND weekly EMA30. The area to watch in the green box 👁️✍️