SPX at resistance where last breakout reversed and came back down to retest the trend line. Trendline held and SPX rose back and is now near the resistance level. Notice the lower volume over the past few trading periods as the price has neared resistance.
Do you think it will break above resistance or fall back for a second retest? Haven't checked the Put/Call...
Euro breaks above a resistance line that has held for the past couple of months, signaling the dollar most likely is at the end of its rally and due for a little correction. Wait for retest before hopping in.
First off RIP Queen Elizabeth. Second the RSI is showing a bullish divergence on GBPUSD. Based on Supply/Demand levels, take profit should be 1.175 and stop loss should be 1.14.
Bullish divergence appearing on USDJPY. Yen should appreciate, hit some resistance then continue up to around the $140 level. Also Japan is geographically closer to China which has been acting erratically in terms of military action. China is also Japans largest trading partner so they would be hit hard by war in western pacific, moreso than US.
Bearish divergence on EURUSD. Also resisting a fibonacci level… price target should be around 0.985. The DXY also strengthening off of strong employment and earnings reports.
The bearish tweezer top candle formation has formed on Gold. The price should drop a bit, hit a support, then break through that support downwards. Target price should be around $1700/oz, around 4.5% lower from current levels. In addition, stocks should pop and dollar should strengthen on strong employment numbers, sending Gold down.
Bearish Divergence on the Dow Jones. Price target should be 30k before a possible rebound. I’ve looked at a lot of different Dow stocks and they all look like their gonna fall soon. Best way to profit from this is to go long on SDOW.
Bearish Divergence on S&P… also right around resistance level. I would recommend going long on HIBL for maximum gains, and I think S&P will drop to 3600 before another possible rebound. US is also in recession and no farm payrolls this Friday shouldn’t be too great, so market will price this news in
IMBI is down near a historic support level, with the Boom Hunter Pro indicator showing multiple long alerts within the past week or so (thanks veryfid!). If it returns to the highs of just a few months ago, then there is possibility of 300+% profit.
USO is displaying an Ascending Triangle Pattern, a bullish formation. Its current price is $83, and if there is s sustained move above this with high volume in the coming days, the target price for profit taking should be around $97. Oil is a generally good long play due to a shortage of supply worldwide and increased demand for electricity coming this summer.
