New possible scenario. I know EVERYONE is super bullish here. I have been Bullish from the bottom but now that we approached my target and we have retraced 50% up, I'm thinking since we were in a down trend, had an impulsive move and now we are just about completing a corrective phase and are gearing up for another impulsive move down. Just a thought and TRAIL...
Tomorrow going to be a good day, if we rise up im looking for $430 as next target 🎯
SPY did the death cross last year March. Today $SPY did golden cross after 325 days! $420 - $430 still possible. Not an investment advice.
Outside its daily and weekly Bollinger bands.. Daily RSI at 80 while Money flow has been going south. That means smart money has been unloading here. Looking for a gap close and pullback to trendline.
After the close today earnings were not good for Google Apple and Amazon which of course caused a selloff. Today’s market showed a lot of strength I don’t think the earnings numbers are going to matter much when everyone is buying the dip. Tomorrow morning we have unemployment and nonfram payrolls for January if the numbers are low or flat we are taking off on a...
Two possible counts for SPY along with symmetry. Obvious it will do something very different.
Options traders Congrats, Because of FOMC. Yes we see a Sweep, so Now after NFP im expecting price to goes down. Trade base on your own decissions. Come and check me out for more analysis
Shows the the last 5 wave up moves for comparison!
🖼 Daily Technical Picture 📈 ➤ ...almost but not yet. There are still some short-term resistance levels to surpass. However, the momentum is there. *After-hours sell-off as I write due to earning reports from Apple, Google etc. ➤ The Dow30 Bluechip stocks are really being left behind in this latter part of the rally. Or we could say the NASDAQ is just catching up...
The good ‘ol SPY Sad to see what miss placed hope can do. The “investor” aka the bag holder, continues to “hold”, “buy low”, and “average down” with hopes the market bottom out and the bull run will continue. Let’s review this chart and see how we got here. Just before COVID, SPY had reached all-time highs. Then Feb.’20 everything came crashing down. The...
Good times after the Fed yesterday! Now, we will see how things hold after $AAPL, $AMZN, and $GOOGL earnings. Either way, it was a strong push over the post-Opex zone which we have been discussing, here and on Bloomberg!
As you can see on this ratio chart, we had a breakout and backtest with weekly bull divergence, which likely means AAPL will gain less value - or lose more value to SPY in the coming weeks. Since I expect the market to fall from this area, I also expect AAPL to outperform to the downside for a while. Earnings could pump it first - and if so, I think AAPL would be...
Notes: Not a ton of action on the screener today as most stocks moved up 1-2% with SPY. SPY weekly breakout seems to be playing out really well with FOMC leaving a bullish feeling in the air. I still don't fully trust the bullish movement, but once again, we have to play what's in front of us and remove all personal bias from trading. Going into tomorrow I am...
✅SPY will keep growing Because the price is in the uptrend And recently broke the key level So we will be expecting Bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Still bullish mid term but will pull back to 390s by the middle of Feb before resuming uptrend to 430s in March/April
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Most ‘experts’ are declaring the gold cycle done I agree it’s at a possible reversal zone But given my analysis that the dollar has not bottomed And looking at the bigger picture for gold and miners This could be an opportunity to buy into strength This next 24 hours are key for gold and miners GRI 2023
Double bottom or follow this trend to the bottom? Could see a big bounce here or if we can’t break above this trend and fib line we may fall towards the bottom of this ascending trend line