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We have seen sideways action, ever since falling into correction territory. At first sight, it does appear to be showing weakness, as the rebound was a lower high. However, we can see the current support level is extremely resilient, and could serve as a spring board for better days. Additionally, the S&P500 is currently creating bulling triangly, which if we are...

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The pullback was expected, as we had been moving on the upper part of the range. We have touched the trendline and ready to take off, as has happend the past few times. Additionally, it appears that the big move happens after moving over the 20 and 9 moving averages, which we did today. I expect a big move up either tomorrow 2022-01-13 or 2022-01-14.

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The pullback is not unexpected. I think this presents the opportunity to load up and buy some more. As you can see the trend is still intact, although at the lower time frames we can see that we are in a range. Possible Outcome #1: My first guess its that it will pull back to the trend line, which is about 2-3 % away. Possible Outcome #2: My second and most...

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It appears btc is going to continue falling atleast 20%. However, not to fear bitcoin is still on track to hit 100k by year end. I recommend buying bitcoin at around 35K.

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It appears the correciton is done here. I would advise traders to start going long here, but only in parts. For my case I usually have three positions at one time, but I would advise you guys to jump in parts into your trades. So just have one trade on, and if it hits profit add two trades to your positions, and so on until you hit your desired amount of open...

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If you see the SPY daily chart it will appear as if the market has fallen out of the trend, and were going down. After reviewing the chart I couldnt really get a sense for sure where the market it was going. In these cases you have to filter out the noise in the chart and zoom out into a bigger time frame. We can see that on the weekly chart the trend is still...

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The trade is fairly obvious here. Iam going with a 2.5 ATR stop loss at the open, just to prevent getting stopped on those wicks.

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We see a long trend over the past few months. However, we see we are approaching the low of the bullish channel, which indicates we should move higher in the coming days.

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It appears that the bullish ascending channel has just broken down. I had expected it to fall to the lower end, then move sharply higher towards $5. I see 3 scenarios. 1. It could just keep moving sharply lower. 2. It moves side ways for the rest of the month against the higher trendline of the descending channeling that is being formed, then it either sharply...

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Swing opportunity on the lower end of the channel

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It appears an oil supply shortage is coming. Even the EIA is worried about the current supply output by OPEC, which should push the price of oil higher. OIL companies such as XOM, and COP have not participated in the rally in oil price as much I expected. They are actually down today, while the price of oil pushes 71. I expect oil companies to catch up sometime...

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We recersed nicely of support and started trending up. The stock has pulled back in accordance with a bull flag, and I expect AMD to push higher in the coming weeks towards $90.

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OIL broke out of its consolidation phase past a 2 years resistance level. We can see the trend here on the 1 hour chart. We pulled back, as has been the case since the start of the trend. We should soon break this bull flag and continue up towards 70.

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We are currently sitting on a long term support line that has held pretty consistantly over the past year. It appears that all a breakout is not schedule until q3 or even q4 of this year, but we should know more as the support trendline approaches the 3400 resistance level, which has been consistantly rejected. The current price presents an attractive level to...

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Oil moved rapidly into resistance, which has been a strong wall to break. This time its different, as the price didnt get quickly rejected as previous times. Secondly, the price has now trended near support, which shows strength by the buyers, and weakness by the sellers. The price moved up to quickly into resistance, but now that the 20 moving average catched up...

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In my previous post I wrote about the bullish set up in the technical charts. I outlines the right wing broadning pendant, long term trendline, and long term ascending triangle. I pointed out the possible risk of the IRAN deal being singed, fortunately for oil it appears that those talks have ended, as a result of the due date for a deal has passed. So now...

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We can see a clear trend downward, which forms a a descending triangle. I expect the price to breakout past this trend line any time soon. However, it is concerning to not that AMD only moved .3 % on a day when QQQ is up 1.7% as of the time of writing. AMD has a lot of catching up to do in terms of performance, although the fundamentals do support higher prices....

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There is three patterns that I want to touch on today, which indicate higher oil prices in the coming weeks. The first and most obvious pattern is the long term trend. You can see starting since last fall oil has been respecting the trendline and continued to bounce on it. Currently the price of oil is resting on the trendline, which should bounce from. The...