Just because it has landed on the support line or resistance level does not mean it must rebound or heads south. As investors, we must know that these are based on historical patterns and past history is not a representation of the current market conditions. Thus, it is wise to take a small nibble , say 10% of your capital if you had done your homework on this...
based on weekly chart, we see a clear cup and handle pattern play out in this IHAK ETF. If you are getting hyped up to go LONG , be patient and not get on the high price train. Wait around for the price to retrace to around 44 price level first or possibly it might drop even lower considering the bullish trend for AI, Tech stocks has been rallying for quite a...
Based on past cycle history, the SHSZ300 (Chinese S&P 500 more or less) tracks the US markets bull runs, though starting with a large delay. We're fed a lot of bad news about China, but the fact is, they're making some economic power moves, and positioning themselves for the AI Industrial Revolution. The Chinese markets are bottoming out, and it's a good time to...
Based on past cycle history, the SHSZ300 (Chinese S&P 500 more or less) tracks the US markets bull runs, though starting with a large delay. We're fed a lot of bad news about China, but the fact is, they're making some economic power moves, and positioning themselves for the AI Industrial Revolution. The Chinese markets are bottoming out, and it's a good time...
I've heard other pundits that the rise off the lows, the 1,2, 1, 2 was all a wave 1 and the most recent significant pullback was a wave 4. While possible, with the bullish momentum of late, seemingly we're in a wave 3 with some bullishness left in the tank. People indicate market over-valuation but due to the narrowness of market breadth, it seems perhaps only...
... for a .98 credit. Comments: Targeting the strike paying around 1% of the strike price in credit, adding to my position at intervals, assuming I can get in at strikes better than what I currently have on.
Comments: Getting in at strikes better than what I currently have on in July and August. July 19th 83: Filled for an .85 credit August 16th 83: Filled for a 1.11 credit I'm fine with potentially getting assigned with shares at 83, since they're way below the cost basis of the covered calls I currently have on. I knew this might end up being a very, very long...
Hello,Traders! SPY is trading in a strong Uptrend and the index Just broke the key Horizontal level of 525$ And the breakout is Confirmed which reinforces Our bullish bias and we will Be expecting a further Bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Expired SPY Weekly outlook. 3rd WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 520.84 Target Price: 524 | Strike Price: 528 MAY15 24' Upper Range: 532 Lower Range: 516
Channel 5-15. Break over is long, rejection is potential put trade
Target 1 I expect to come quite quickly ... closely correlating to a strong bounce in #BITCOIN My overall thesis for an Equity top in April 20024 is now firmly in place.
stock is in high momentum, wait for retracement till14.20. buy at 14.20, take sl 14, target is mentioned in the chart.holding period 6 month
Hi guys ! a bullish continuous head & shoulders pattern could be happen if neck line will be broken and price tolerate one day trading above 91, in such a scenario XBI could reach around 97, I will update the post later …..
Hi guys ! a bullish continuous head & shoulders pattern could be happen if neck line will be broken and price tolerate one day trading above 91, in such a scenario XBI could reach around 97, I will update the post later …..
AMEX:SPY May 15, 2024 15 Minutes The SPY is not retracing. It is resolving divergences and aligning moving averages through sideways movement. Now as expected once 522.75 was crossed we are back in business. I will consider two numbers. The rise from 515.15 to 532.582 and 520.56 to 523.82. Maintaining a hold at 518.5 is crucial for the former, while for the...
The reason I like this ETF is the exposure to the HK Tech sectors , some companies I like but may not like enough to initiate a position in them. It's share price has been hovering at the 5.77 to the 8 dollar mark , a little boring and definitely in no time to accumulate. Refer to the list of Holdings
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.