AD running a bearish cypher pattern on the 4hr. Also money flow/AD peaking with price action. Price action also hit my 1.618 fib level which is bearish. Money Flow and AD needs to breakout above b leg, however the down trend looks In tact. Short term bearish outlook.
see chart of UVXY, which tracks VIX. we're at an important FIB level and long-term trendline. I'm long as of now.
🔴 Resistance - 521 🔴 🚀 Target - 522 - 523 🚀 🟢 Support - 521 🟢 🚀 Target - 520 - 520 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION &...
This chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown. Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed -...
Still under the radar, China stocks have drawn little attention except for increased tariffs. This continues to have huge potential. Looking for a successful test of the break out level to increase position.
Today SPY quickly broke out of the downtrend and even broke above the already formed bear flag. Volume was low last week, but SPY closed strong, pushing all the way up to $520. It's crazy to see SPY now considering what the market was like a few weeks ago. The bear gets squeezed again. I'm skeptical about this rally, so I'm basically not going to do anything...
Long term bullish on Utilities, but this is quite the move over the last few weeks. Looks exhausted with the latest Friday candle forming a -> dark cloud cover. Also interest rates have not dipped that much to push this interest rate sensitive sector higher, perhaps hype around AI energy usage is driving this. Trade: Short term pull back -> bear credit spreads
This is a follow up to my previous post about NASDAQ:TLT and AMEX:TMF showing also backing my thesis from a more technical level. I really think this is one of the best risk rewards on the market at this time and also acts as a hedge against stocks if we get bad market news
Right now rates have probably peaked or are close to peaking I strongly believe vehicles like NASDAQ:TLT or AMEX:TMF provide some of the best risk reward for a long swing trade for the next few months. TLT is especially attractive due to its Yield being over 4% at this time. If any fear of recession comes into play over the next year these trades will fly....
SMH had been holding 220-223 for a while, and is just today hitting 225, next stop 235 IMO. Opinion. Hasn't broke out yet and is showing bull strength AT major resistance.
I am going slowly short. SPY should make another leg down this week. Level of interest is 475-470 Lets see what Wednesday will bring, until then we should stay flat. From the lows of 470, we shall do the usual election run. target 548? Ill be updating this idea.
The correction??? In my opinion and chart theory suggest its time to go long and find the proper to stocks to be in Subscribe for update stock pick and the best sectors to be in so your not left behind!! as for todays daily chart set up I suggest calls at least a week out as chart indicates Goodluck traders like and subscribe as for members that listened and got...
Told before that the HTF lows were already in on NASDAQ:TSLA and we weren't visiting the $100 low again, now that we also put in a new HTF low if we have NASDAQ:TSLA going to $300 from here, NASDAQ:TSLL would easily hit $20.They recently switched NASDAQ:TSLL to a 2x long etf and it also pays %8 yearly dividends, so it's a good buy for me.
Hey everyone, Going into next week, it seems like we my start with selling first. Going into Monday probability is particularly bearish. Based on the assessment of the week it actually seems like we can expect dramatic moves in both directions, so if we head down first, I would expect the CPI catalyst to move us back up. Vice versa if we start bullish. Though,...
Daily chart looks like its going to start another run up with the algos on the SMAs looking positively sloped. However looking down at the PPMs tell a different story. PPMs 1 and 2 are still in trend mode, however note that PPM1 is below its 1st derivative so while price can still continue to go up, it looks to be a wealth transfer. PPM2 is still going strong...
Currently, the candlestick is in a consolidation phase. However, based on the trend analysis and observing the support and resistance lines, there is an opportunity for an upward movement. In the resistance direction, the price is likely to rise to 524.61. And if the direction reverses to a downward trend, the profit-taking point for the downward leg is at 466.43.