Description: An analysis for the week ahead. Points of Interest: Prior ATH, Poor Structures, $3,500 and $3,370 High-Volume Areas. Technical: Broad-market equity indices ended the week higher with S&P 500 retracing more than 80% of its September sell-off. During Last Week’s Action: Alongside fiscal stimulus hopes, U.S. index products surged past and...
Description: An analysis for the week ahead. Points of Interest: $3,500 High-Volume Concentration; Poor Structure; Balance Break; Stimulus; Earnings. Technical: Broad-market equity indices ended the week higher with S&P 500 retracing more than 50% of its September sell-off. During Last Week’s Action: Alongside fiscal stimulus hopes, U.S. index products...
Alongside news that President Trump halted relief talks with Democrats until after the election, markets fell apart, retesting the prior week balance and the VWAP anchored from the September highs. Since the cash close, markets have recovered substantially off their overnight lows alongside comments Trump could send $1,200 checks to Americans. The action has been...
Description: An analysis for the week ahead. Points of Interest: Low-Volume Area Below $3,320; High-Volume Area At $3,370; NDX, RUT, and SPX divergence. Technical: Broad-market equity indices ended the week higher with the S&P 500 retracing 50% of the sell-off. During Last Week’s Action: Participants defended the low-volume area -- which denotes upside...
Thought I'd share my some of my morning notes given the new month. Best of luck today!
Description: An analysis for the week ahead. Points of Interest: $3,200 High Volume Area; Friday’s Divergence From Value; Balance Area. Technical: Broad-market equity indices ended lower with the S&P 500 correcting as low as $3,200. Recapping last week’s action, Monday's test of the $3,200 high-volume area offered responsive buyers an opportunity to...
Description: An analysis for the week ahead. Points of Interest: Balance Area; Acceptance Below Composite HVN; Numerous Tests Of LVN. Technical: Broad-market equity indices ended the week lower with the S&P 500 correcting to $3,280. Recapping last week’s action, alongside progress in COVID-19 vaccine development, on Monday, participants rejected the prior...
Description: An analysis for the week ahead. Points of Interest: Dull Participation; Poor Structure On Both Sides; Strong Names Break Trend. Technical: Broad-market equity indices ended the week lower with the S&P 500 correcting to $3,300. Recapping last week’s action, on Tuesday, alongside Brexit news, on a second attempt, the S&P 500 broke through...
Description: An analysis for the week ahead. Points of Interest: Excess High; Poor Structure; $3,200 HVN. Technical: Broad-market equity indices ended the week lower with the S&P 500 correcting nearly 7%. Recapping last week’s action, alongside bets of an economic revival backed by prolonged central bank support, the S&P 500 established an overnight...
Description: An analysis for the week ahead. Points of Interest: Minimal Excess; Untested POCs; Gaps Technical: Broad-market equity indices ended the week higher with the S&P 500 establishing a new all-time high on broad gains from all sectors. Recapping last week’s action, Monday’s higher open on the FDA’s approval for emergency use of antibody-rich...
The convergence of multiple references. Though it depends on timeframe and approach, this is a fantastic way to get chopped up.
In light of the Nasdaq's incredible run, here are some references to be aware of.
Tesla Inc (NASDAQ: TSLA) just had an insane run in light of a stock split and some incredible speculative derivatives activity. Here are some references to be aware of.
Description: An analysis for the week ahead. Points of Interest: Minimal Excess; Non-Separation Of Value; Untested POCs; Gaps Technical: Broad-market equity indices ended the week mixed with the S&P 500 recovering its all-time high on relative strength from the technology sector. Recapping last week’s action, Monday’s higher open on earnings and...
Here's what I'm seeing.
Description: An analysis for the week ahead. Points of Interest: Balance Area; Russell $1,600 Supply Area; Stronger Selling; Buyer’s Non-Committal; Market Still In Uptrend. Technical: Broad-market equity indices digested prior advances, evidenced by the non-separation of value. Recapping last week’s action, Monday's higher open on pandemic relief...
Description: An analysis for the week ahead. Please note, for some reason, TradingView decided not to allow me the ability to use links, as usual. As a result, I will use the comments section of this post to add further detail. I've submitted a support ticket. Hopefully everything goes back to normal! Points of Interest: All Time High; Divergence...