Coding a strategy that will work in the real world isn't easy, and we should have our expectations set accordingly. In this video we will cover: Human trade execution. PineScript Shortcomings. What is an "Ideal Strategy"? Back-testing. Alerts aren't always tradable events. Please leave any questions in the comment section.
Today JPOW scared the bears and the day favored the bulls, but this will only be temporary. I'm neither a bull nor a bear, I only trade what's in front of me. With that said, I see SPY getting rejected at this level and falling back down to the 1.618 fib extension around 385. Any move above 418 would nullify this thesis. RSI is showing the market is overbought and...
The quarterly timeframe chart had a trend signal that formed when the market broke out of the range that formed before and after the pandemic shock and subsequent lock public health, fiscal and monetary policies impacted equities. The stimulus driven bonanza ended and the market topped as the world knew the Fed would embark in quantitative tightening to normalize...
JPOW pushed it over the last two monthly candles! That was the bullishness that the market needed to show signs of breakout potential. We are seeing strength in tech names after earnings, so we will see if that continues tomorrow to keep pushing this thing higher!
🖼 Daily Technical Picture 📈 ➤ February started off with a bang as equity participants responded favourably to the US interest rate decision. Notable was the strong performance of the NASDAQ and the flat performance in the Bluechip Dow 30. ➤ Price in the S&P500 equity index has reached key resistance levels. It will be interesting to see how prices react. So far...
As always, everything is possible. Just some important levels on chart for you to have in mind. Short term and medium term uptrend, long term downtrend. If we break the trendline I believe this rally could catch some further steam. Risk here comes from trendline and 200 MA resistance. If we secure price above VCOP, this could be low risk trade to the upside...
S&P 500 SPY pops as the market reacts in a very BULLish manner in response to Fed Chair Powell today .... SPY closes above the key 410 resistance level now... watching the open closely in the morning as 410 is tested ...
Next stop is that top yellow uptrend line in the 4200 area and then targeting 4400 by end of March. I suspect that might be the top for the year. Will re-assess once it gets there.
Ride the channel up! 4-5 day 410 calls here....super bullish into FOMC .25 hike that we already know about.
Simple enough.... every Q reversal in the current correction has come at fib retrace level .382.
0. Notes to follow; 1. Major breakout happening here; 2. That diamond formation (a specialized version like prongs to the north) is the AI generated most frequent pattern we are seeing; 3. Looking for $430 on the SPY here.
look at daily chart hitting major support daily stoch still heading down Weekly on bottom
Have you been following my research? Maybe you should stop to consider what is possible with advanced predictive modeling solutions. For example, here are my SPY Cycle Patterns for the past 20+ days - and 20+ days into the...
Pappa Powell has unleashed the bulls. After breaking out of the descending channel this classic structure is now showing a real possibility of playing out. The upside would bring us back to ATH.
$SPY Looking at key ranges and pivot points post FOMC.
Will it last with all the fundamental news going on?
$SPY Pre-FOMC glance at key ranges -- Looking at key resistance and support levels just before FOMC.
We should prepare for a short term pull back soon as SPY has skyrocketed beyond its upper trendline that is already in an upward trend. Stocks climbing faster and faster lead to near term contractions The last time SPY did this, market makers sold off a large position triggering a larger selloff.