Watch for the pattern to play out and then for an eventual break-- downside long term, indifferent if pattern fills. as this level may be a nice time to consolidate and drop premium prices... Again, bearish overall.
A bit messy, but went from top-down. After a quick top-down look at XRP, it has broken out of one downtrend this week on the daily timeframe... I have noticed a bearish volume divergence as it's tried to test the resistance areas above and it's created a rising wedge. It's held the support range from low .22-.23 and began consolidating after the large downtrend...
It's been a while since I've charted BTC and am using BTCUSD from Bitfinex. Levels/Areas explained on the chart. Watching to see how the price action plays to the 50 and 200-day moving averages as well as the weaker upper trendline(orange) and the smaller trendline support. The support/bottom area of the previous descending triangle is now the first area of...
I discussed this short with a trading friend earlier. I'd add to the position if bottom support is pierced through. Bearish on market and Uber.
Staying Bearish on SPY until there's a "cure" or vaccine for the virus. I expect numbers of cases to pop. FED cutting rates was more of a red flag than something to comfort markets. I expect Banks to have a lot more downside. Overall, I think we will see a lot more downside ahead. Puts Puts. More Targets under the 2nd one, but this is a starting point.
MO has had a terrible time lately and it may just get worse. Currently testing support on the Monthly/Weekly tf from a Down channel extension to the 200 EMA on the Monthy timeframe. Keep this one on watch.
I'm downside biased. We're seeing some nice position covering and some people "buying the dip". I am hoping today stays nice and green. I think we'll head up today to levels shown... possibly stay green range tomorrow but am *bearish* until we see 3050/3060 area hit. Assuming on Friday or early next week. Selling the "pops" and will average in positions if...
Older Chart with some weekly lines lightened. Heavy resistance from TA previous trendlines/breaks/ moving averages, etc. Watching current range, if I see a nice daily close above first resistance bottom line, I'll add to position. Keeping this simple. Will elaborate the chart later.
Looking to see if the daily candle can close above that orange slope line. Low volume, so puts this morning paid off. Rarely like to do weekend plays, but I am holding Jan 20 20 ITM SPY puts. Low volume suggests some decent move is coming... I'll go short side. China trade deal in writing of sorts would, of course, give some bounce. But econ data is pretty flat,...
Entered Partial at this first resistance, will add near the downslope and moving average resistance range. If a break upward with a daily close, reverse or get out. s/l range 12.35-55
With BTC whales, it's not out of the ordinary to see some massive short&long traps. Now, It's consolidating nicely, we can see how it plays within this 9-9.5k-11.5 range before a break. Play the breaks, unless you want to trade smaller timeframe patterns. I'm posting to watch the movements play out. Still on a nice upward trend.
Ideally with this pop I'd wait for the 100 test and then 100.30-50.. we see some retracement now. To be honest, I'm going against the grain here and think shorting the dollar is prime. A day or a few... where it's at right now.. I can see some drop. Even a 15c scalp would be fun, but if you have time and patience, I like this short.
It's been volatile, but rather boring stuck in this range between your 50 ema/ma and your 200's. On the weekly SPX is holding it's 50EMA(with 50ma not too far down). Right now the daily 50's playing as resistance after the rising wedge break. Volume is moderately low. A lot of back and forth with Trade, Trump tweets in general, and FED rate talk. We'll see how the...
A better view of previous chart's levels, as they're mostly- daily/weekly+ charted (posted hourly tf)
Partial long entries today.. 43.80 range holding, for now, looking to see if we can get a curl up 30c or so before today's close. Watching for that small descending triangle intraday, We'll be looking for support levels below hold next week. Some decent support was broken, but it's been reclaimed in the past with fakeouts, so am not concerned. Looking at a...
Market broke down overnight as anticipated. I'll be watching that while dotted support and then down to the 2674-6 area... If that breaks then back down to 2640's. I'd like to see another leg down for Friday. China trade talk news will be important to price action.
Watching price movement on /ES and the overall market. We're patiently waiting for those large-cap earnings reports this week...So, expect some volatility and price swings. As of now, the market is tilting to a bearish pullback but will watch how it tests those supports. I'm rather indifferent for now and waiting to see a break of sorts play out. Tight ranges.......