What if we are looking at running triangle? wave E = 61.8% of wave C. after DJI reached this approximate level, it energetically bounced back regaining 26000. Facebook FB already stopped falling yesterday. the exact same pattern occurred on December, 26, 2018. this is the main alternative to DJI Big Short idea, which is presented in publication "DJI darkest times...
The price of the index repeated its negative closures below the stable barrier at 3030.00, increasing the chances of forming a corrective bearish trading during the short and medium period. Changing the negative trend requires the price to rally upwards, exceeding the extension of the historical resistance and currently stable at 3030 and open that door to target...
The way I see the NQ it has been in this ascending triangle bouncing of the orange trend creating higher lows, and failing to break 7980 resistance. Has been coiling up for a good couple months now and looking at the wedge I don't think there is much more time before we see a break 1-2 months max. Momentum is positive on the weekly however is looking a bit exhausted.
Look for the SPX to trade rangebound between 2960 and 2880 for 2 to 3 weeks, followed by a significant move either to the upside or downside. Its too early to tell which way the move will resolve, so be watching closely. My bias is towards the downside, specifically towards the trend-line at 2790, but considering the amount of liquidity the Fed has already...
The Dow has run into some resistance near prior highs. Thus far it has been unable to retest the upper rising channel line. It needs to break above short-term resistance to maintain momentum in this uptrend. Failure to do so will make us much more interested in how the market behaves at the lower channel line, which it could break through, as shown by the blue bars.
The index is trading within a 1W Channel Up (RSI = 57.360, MACD = 38.130, Highs/Lows = 5.5037) since late February. Since the May Higher High, the pattern has been respecting the Higher High/ Higher Low marks providing clear buy/ sell signals. The price just broke above the 1D MA50 which has been the Resistance for a whole month (August) since the 2,780 Higher...
On Dec 27, 2018 I assumed 2 main alternatives for DJI trend in update to DJIA long term forecast (wave analysis) publication. On last Friday it became obvious that 2nd alternative is in play. (the most probable outcome) "2) bear market have just completed 1st wave of bigger drop. so price might continue downward move after a reasonable correction." — Dec 27,...
We live in an era where everything is in a bubble. In bubbles people buy stuff not because they provide value, but because they can quickly find a greater fool to sell it to them. It is the point where everyone is buying because others are buying and want to make easy money. Money without doing any homework, without a plan. As a trader and investor you keep...
My expectations are that earnings will come in much weaker than Q2 2018 because of the trade wars and consumer demand decreases. Yes, there will be some positive news, but I believe the markets will change dynamics based on forward guidance and Q2 earnings data, rotate lower and setup a sideways pennant formation that will eventually setup an August 19, 2019...
Clear sell-off in process. Looking for previous support levels to be reached. In the next two weeks I see a pullback for SPXS right after SPX finds a brief bottom and consolidates for a short bit my target buy for SPXS is the 21’s and my Target sell is $25. $29 SPXS coincides with ~2550 SPX. This is possible by Mid-July. (4 1/2 weeks).
Hi everybody, As everyone knows we have seen some massive volatility in the us stock market in Q4 2018. We had a death cross when the 50DMA plunged through the 200DMA, but if you look back in time this in itself doesn't really mean a whole lot. There have been many death crosses which simply resulted in a correction which then rallied only to turn back into a...
Rising trendline broken, horizontal trendline to be tested and then broken. Look out below as long bear market is on its way.
By Andria Pichidi - November 22, 2018 As US Markets are closed for Thanksgiving day, APPLE closed lower yesterday by $2.76. Apple is approaching its immediate support at 175.53 (20-month SMA) where it could find some support and could potentially rise in the short-term to its immediate resistance at 185.23-185.60 ( area between 61.8% Fibonacci extension and...
SPX500 is showing clear signs of bearishness with the formation of head and shoulders tops, 2730 level being the clear resistance. We will have confirmation of downtrend underway once the hourly candle closes below 2702 support level. I expect the market to make its move following US midterm election's results
In my chart analysis I indicated my future expectations for market movement. I know that my perspective is that of the minority, but it's always worth looking at the market from a different perspective, as it may just save you from a massive loss. As always this is simply for educational purposes and not financial advice* Good luck trading, Zerotozeros12
October 25th google will post their earnings; I expect that they will be positive (along with many other leading tech sector companies). This will lead to one last rally in the market. I indicated on the chart where I see Google reaching out to, prior to a massive throw over following shortly after. One second the whole market will be elated by new highs and the...
With the US30USD price sitting at a strong horizontal and upwards trend-line support - the market technical analysis here points at upwards movement (Strong pin-bar bounce from support line). Although our market analysis points towards a potential move up, you should only enter a position if you see a strong break-out above the 25,500 level. The DJIA could...
Fear is in the market, reasonably so, after such a huge drop. We haven't seen anything like this since February. Many are suggesting that this is the beginning of the bear market, if you're one of those individuals, I'd recommend waiting for more signs to support that idea. As If things end of playing out the way I believe they will, you will end up with a large...