jwammo12

jwammo12

With the 200 ma in an uptrend, and price above it, a buy the dip signal has been initiated on the BTCUSD daily time frame. This is the result of price closing below a lower bollinger band and then closing above it while still in an uptrend. A close is initiated when price records a high that is above the upper bollinger band line while the close is below the line.

jwammo12

With the ECB introducing more easing, the Euro has broken down against the dollar, and it appears that the large Head and Shoulders pattern that has been on the weekly chart is ready to resolve to the downside with a first target of 1.10, and then a gap fill lower in the 1.07s area. This pairs with a breakout of the dollar against multiple currencies

jwammo12

The S&P 500 has sustained a powerful rally that made it reach above its 20 period upper Bollinger band. With it below its long term moving average, and it falling back below the upper band in this session, a 'Sell Rip' trade alert has been initiated on the broader market. Look for the 200 SMA to hold as resistance, and a target of at least below the current...

jwammo12

This simple strategy demonstrates the value of confirmed divergence. An entry is selected based off of divergence in the RSI where the first extreme is overbought or oversold. This must then be confirmed by divergence on the Awesome oscillator. The result is an alert that is more reliable than single divergence on either indicator, and an entry is only keyed on...

jwammo12

Divergence has been forming in the Major Indexes, with Monday providing a larger hammer candle. This provides a great entry to play a swing to the upside through December options expiration on the 21st, possibly being capped by the 50 day moving average, or higher at the 200 DMA.

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BTCUSD has put in confirmed divergence on the RSI and Awesome Oscillator off of RSI oversold levels. This marks the beginning of buyers coming in to the market and could signal a counter-trend swing higher on confirmation

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AAPL is breaking below support intra-day. As the most widely held stock, AAPL is representative of the NASDAQ and broader market as a whole. It's break lower indicates possible new swing lows for the broader indexes

jwammo12

The markets have experienced a rapid selloff. The SPY has gone down from resistance at 280 to the bottom of its range around the 264 area. Since this is the third time reaching this resistance area, and it reached it more rapidly and with less volume, a bounce to the middle of the range and then a break lower is more likely. Any reversal up to the middle of the...

jwammo12 Updated 

BTC continues to form a pennant on the daily. Pennant patterns generally are consolidation before resuming the prevailing trend. A break to the downside of this pattern would indicate another leg lower, possibly to the 2800-3200 support area. A break to the upside could intimate a longer consolidation period.

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The S&P 500 has had an impressive run, particularly since 2012. Although yearly returns have decelerated since 2013, The beginning of 2018 saw the most oversold reading on the RSI since inception. This was followed by a volatile decline that momentarily breached the trend-defining 200 daily SMA. Any higher high in the vicinity produced by the market in a...

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EURUSD appears to have a large complex Head and Shoulders pattern on the weekly. However, the 200SMA appears to be acting as significant support throughout the head and shoulders pattern. A weekly break below the 200 SMA should provide a meaningful bearish breakdown to the EURUSD. As a long-term trend break, this would likely coincide with serious risk to...

jwammo12

A pennant consolidation is forming on the BTCUSD Daily chart. This generally is a consolidation before a new leg that continues the prevailing trend. In this case, this would indicate a new leg lower with a target at around $3000 support if it closes to the downside. A break above the pennant could indicate a longer consolidation, with much higher prices...

jwammo12 Updated 

Bitcoin has successfully broken 4181 resistance on the 4H chart and made new support at the prior high, creating a support zone between 4060-4181. If this holds, it will release another leg higher with possible resistance at the psychological 5000, and then price resistance just under 5200.

jwammo12

the USDJPY hits resistance on the 4H and could be primed for a retrace downward. Since USDJPY is often a proxy for Risk On/Risk off, this could follow through with volatility and downside in the asian session

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BTCUSD has broken support lower and now has a new leg downward coming unless it can break through the new resistance at $4180

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On the hourly, we see support has become resistance at 1.134 for the EURUSD, and more major resistance at 1.136, the first support is at 1.1320, but support is less clear down to the prior swing low on the hourly chart

jwammo12

Bitcoin continues to go through support. The next major support level is at around $3000, the number on the Daily level is around $2962