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...
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,...
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...
Building a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one
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...
Many of you are confused on the recent price action of the market. When in doubt, zoom out. Pay attention to the next fib level and pay attention to GOLD & OIL. Feds only cut rates during market turmoil not during bull runs. To keep it SHORT and sweet. It doesn't end well for risk assets. On the other hand, have you seen the prices of cocoa??? Insane!
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...
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...
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...
RSI divergence, fading volume on rising price, leave us….untrusting….neutral is our position.
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!
After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no...
We've seen a wild +25% rally since Oct 2023 in SPY. Honestly, I did not expect this move back in Oct, especially since we broke down below the MAs and they acted as resistance for 3 weeks. However, the market doesn't care about what we think it will do. I don't like calling tops, but nothing goes straight up. With the crypto market building up hype as well, I...
XLF normally moves quite slowly, but we may may be at a moment in which that accelerates substantially, even improving on what has been a phenomenal year. Weekly - Daily - The EW path drawn is what may be expected most commonly - we're looking for that or better.
Surprised to see IWM fairly restrained in this upward trend as long term interest rates dropped significantly on todays CPI report. Really expect to see a quick catchup over the next few days as SPY and QQQ make new highs.