Bearish Engulfing CandleThe ominous bearish engulfing candle is signaling the end of the 5-month bull cycle starting in November. by accutrades_net0
Copper Prices on the Rise - Do Your Research Before You T Copper prices have recently reached a 14-month high, driven in part by China's economic improvement. This could be a potential trading opportunity, but it's important to be well-informed before making any decisions. Copper is a key economic indicator, and its demand is expected to rise. However, the market can be volatile. Here are some resources to help you make informed decisions: • Copper price charts and analysis • Information on copper trading risks Remember, successful trading requires research, understanding your risk tolerance, and aligning your strategy with your goals Longby bryandowningqln0
SPY's Wedge and DivergencesThe S&P 500 ( SP:SPX ) as tracked by the most liquid ETF AMEX:SPY , has continued in a wedge pattern since the lows from late October 2023. This wedge has been steep and risen quite dramatically. Bulls will not want to see this break, but given that it's an election year, would the break just be a consolidation with one more high? These are issues everyone is likely considering. The series of negative (or bearish) divergences could continue, as anything is possible in markets. But it shouldn't be ignored either. The Supplemental Chart below shows the series of lower highs on RSI, using SPY's daily time frame. One final note of caution. This wedge pattern technically (no pun intended) hasn't broken yet. Nor has its 21-day EMA. A break would help bears, at least short-term ones, see more downside or consolidation. GammaLabs, who this channel follows, mentioned in its briefing today that CTAs remain max long still and may become "systematic sellers" below 4900 SPX. So more downside is needed for bears to gain traction. The technical conditions for consolidation are ripe, though, with the wedge and divergences shown. But confirmation remains needed. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.by SquishTradeUpdated 2222
DOOMS DAY BEAR FLAG?With the coming of the biggest eclipse that we will ever see, a lot of wild prophecies and other conspiracies are awaiting to be fulfilled. Im no Astrodomes but i know a bear flag when i see one. Hopefully a nice dump is the worst thing we will see when this eclipse happens. Small position a week out targeting $520 range on AMEX:SPYShortby The_SPY_Who_Shagged_MeUpdated 115
ITA LONGbounce into that zone should produce targets if this trend is still intact, 1-4 risk reward ratio. Good trade to look at.Longby card2211112
NAIL a homebuilding leveraged ETF rising from support LONGNAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean anchored VWAP and has bounced and crossed over the latter. Relative strength lines are crossing over the 50 level and the relative volume is showing a gradual rise. This is the beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will take a long trade here expecting a swing trade for a few months. Targets are on the chart. They are based on the resistance rising trendline as well as the upper VWAP bands.Longby AwesomeAvaniUpdated 112
XIT ETF: potential rebound towards 57-58 targetXIT (iShares S&P/TSX Capped Information Tech Index ETF) is currently consolidating, with potential for a 10% upside if the price reaches the range of 52 to 53. The target zone for this possible move is approximately 57 to 58, with a potential pullback expected at that level.Longby Quantific-Solutions0
MSOS Bounce & PenetrateWill bulls pull off some blunt force trauma? Bounce off somewhere above $9.96, blast thru 10.64 resistance and flirt with $11.50 by Friday? Why the F%&$ not? Longby borikuUpdated 0
ARK Next Generation Internet ETF to $32On the above 10-day chart price action has increased 80% since the year began. A number of reason now exist to collecting profits. They include: 1) Price action and RSI support breakouts. 2) Weekly bear flag confirmation pattern. 3) Hidden bearish divergence. 4) The bear flag extension mark the correction for this flag to 32 dollars. Is it possible price action continues up? Sure. Is it probable? no. Ww Type: trade Risk: <=6% Timeframe: Will say somewhere elseShortby without_worriesUpdated 5512
Are Regional Banks Turning Higher?Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is the falling trendline along the highs of January and early March. KRE is trying to clear that resistance, which may suggest a breakout is starting. Second, price action has been very tight. Bollinger Bandwidth shows a potential volatility squeeze. Also notice how the 50- and 100-day simple moving averages (SMAs) are less than 1 percent away from each other. Will this narrow range of movement give way to a period of price expansion? Third, the 200-day SMA has been rising since late December. That may reflect incipient bullishness over the longer term. Next, the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. That may reflect bullishness over the shorter term. Finally, the low in early February represented a 50 percent retracement of the move between October 27 and December 14. Holding that area may confirm direction is turning upward. Standardized Performances for ETF mentioned above: SPDR S&P Regional Banking ETF (KRE): 1-year: +14.64% 5-years: -2.06% 10-years: +21.51% (As of March 28, 2024) Performance data shown reflects past performance and is no guarantee of future performance. The information provided is not meant to predict or project the performance of a specific investment or investment strategy and current performance may be lower or higher than the performance data shown. Accordingly, this information should not be relied upon when making an investment decision. Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation4
Calls SPYAnd we are back to the support line, bottom of the channel. If we still are in a bull market spy should bounce up within this week. I bought some calls as shown. Let´s see how it plays out.Longby ArturoLUpdated 332
Junior gold miners are breaking out of multi-year triangleJunior gold miners, as shown with the VanEck Junior Gold Miners ETF, are finally following the gold price action and started its own strong upward trend by breaking the (green) resistance, with the subsequent pullback confirming it as new support and starting to accelerate upwards (“thrust“).Longby RockstoneResearch0
QQQ has recently broken below its upwardAfter going on a nice rally QQQ is starting to show signs weakness in its price action and RSI. QQQ price action for the first time in a while breaks below its upward trend and holds below for two straight trading days RSI 20 has also been forming a bearish divergance pattern with it trending down while price has been climbing over the past month. Key signs to watchout for: RSI breaking below 50 Price action breaking below its flat support line. It is very possible that QQQ will simply do a pull back through time where trades flat for a month or two months before starting to rally again. Due to its more tech heavier lean, a correction and sell off in price is very likely as well. Tighten your stop losses to protect downside riskShortby ratchet-mint331
SMH breaks above its updward, reversal likelySMH has gone on a wonderful tear the last year and has recently showing signs that it is way overbought and due for a correction. From a 1W period we see that SMH has broken above year long upward trend. This is a first for SMH to do over the last year The ETF has gone through some notable contractions like from Aug - Oct of 2023. This occured without breaking above the trend. RSI 20 is now also for the first time showing that it has reached above 70 in over a year. We should expect a decent contraction or elongated pull back in time to correct fore this over purchasing it went through. Tighten your stop losses to protect against downside risk.Shortby ratchet-mint0
Alternative Investment: SIMPLIFY VOLATILITY PREMIUM ETFFundamentals: SIMPLIFY VOLATILITY PREMIUM ETF (SVOL) tries to minimize volatility with maximizing dividend income. It is an alternative investment that does not correlate with market drops, but attempts to capture profits from volatility in the VIX. SVOL does not hold stocks and does not use a covered called strategy to generate its dividend yield. This fund makes a profit by betting against the VIX by shorting S&P500 VIX volatility short-term futures while hedging tail events using UVXY calls. It buys call options if volatility suddenly spikes to counter the losing short positions. It sells options and distributes a portion of its profits to investors in the form of a dividend. The value of the VIX contracts in contango (upward slope) will drop over time, generally (similar to time decay or theta decay), but the contango must be present in order to generate its returns; that is, with contango, the long-term contracts must be more expensive than the shorter-term contracts with sufficient spread. This fund minimizes its risk with buying calls on the VIX using UVXY calls with small 25% of asset positions max (less than 1/4 of assets), not 100% of its assets to short like XIV (which dead because of a volmageddom even back in 2018). When things are normal (fear is low) SVOL does well. Technicals: Weekly: Price is on cloud support in stage 3 ichomiku trend MACD and MACD-ichimoku above zero Daily: daily hammer with d3 volume between 38%-50% fib support Comment: If price breaches the high of the hammer tomorrow, I probably will hop in. Longby Rocketman1
$SPY April 4, 2024AMEX:SPY April 4, 2024 15 Minutes. As expected AMEX:SPY retraced to 61.8% levels and gave opportunity to short around 520 levels. In one hour we have LH formation. So considering the rise from 505 to 524 I expect a retrace to 515 levels which is also 61.8% retracement for the rise. It is also 200 averages for 60 minute time frame. I expect a trending day today onc sided based on open 15 minutes. Hope there are no large gaps at open. Will close shorts at 522.9 levels. Shortby RiderTrader779
Gold Miners ETF (GDX) Extending Higher in Impulsive StructureShort Term Elliott Wave view in Gold Miners ETF (GDX) suggests rally from 2.29.2024 low is in progress as a 5 waves impulse structure. Up from 2.29.2024 low, wave ((i)) ended at 30.48 and pullback in wave ((ii)) ended at 28.91. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 29.71 and wave (b) ended at 30.08. Wave (c) lower ended at 28.91 which completed wave ((ii)). The ETF then resumed higher in wave ((iii)) with subdivision as an impulsive structure. Up from wave ((ii)), wave (i) ended at 30.9 and dips in wave (ii) ended at 29.53. The Index extends higher in wave (iii). Up from wave (ii), wave i ended at 30.39 and pullback in wave ii ended at 29.79. Wave iii higher ended at 32.69 and wave iv pullback ended at 31.71. Expect wave v of (iii) to end soon, then it should pullback in wave (iv) before the ETF extends higher again in wave (v) to complete wave ((iii)). Near term, as far as pivot at 29.53 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast0
$SLV Silver Inverse Head & Shoulders Weekly ChartAMEX:SLV Silver Inverse Head & Shoulders Weekly Chart, The Inverse Head & Shoulders pattern is a bullish reversal pattern commonly observed in technical analysis. It typically consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs (the shoulders). This pattern suggests a reversal of a downward trend, with the price likely to move higher after the formation is complete. Traders often look for a breakout above the neckline, which serves as confirmation of the pattern and a potential entry point for long positions. The pattern is considered invalidated if the price breaks below the lowest point of the pattern.Longby AlgoTradeAlert2
Upward trending channel - ASX:SEMI (Long)SEMI currently sitting on upward trend line within established bullish channel. Previous support line at $16.30 where demand triggered another uptrend to above $17.00. RSI currently within average buying levels around ~56-60% showing higher highs, indicating another potential run back towards previous ATH SP level of $17.54. Aiming to take a long position between $17.00 - $17.10 if buying pressure increases in the coming days. Disclaimer: NOT financial advice, I am not a qualified finance profession. These ideas are my own based on my research. Please consult a licensed financial advisor before making any investment decisions.Longby entryspecialistUpdated 110
SILJ breakoutSILJ has clearly broken out...it is approaching the 200MA on a weekly TF (Red MA)...expect a reaction at this level...may want to take some off around this level...perhaps a decent pb...a chance to reload if you ask me!Longby ConservativeOne1111
$SPYSPDR S&P 500 ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.Longby BADQOMOCAWGOWLD0
Small Caps take the lead. 50% gains ahead for $IWMCredit to Mr. Tom Lee for this one. Small caps are at a multi-decade low in value relative to the S&P. The Fed beginning to cut will be the catalyst for a huge move in the Russell over the next 12-18 monthsLongby inanis_3
Commodities (inflation) heading higherThis has an inevitability surrounding it. DB commodity index. Headed higher (ditto inflation and yields). Longby WVS_Stockscreen0