Most likely just following channels, till we get close to the 13th.
Just my 2 cents on what i belive what could happen during the next couple of days. I think it is very unlikely that well go up before news on etf, but i pointed out the possibility anyway :D
Just my 2 cents on what i belive what could happen during the next couple of days. I think it is very unlikely that well go up before news on etf, but i pointed out the possibility anyway :D
Gold has fallen through a support level - or the Inverse Gold ETF (DGLD) has broken a resistance level depending on how you look at it. Inverse Gold momentum is up and has been oversold since the beginning of the year.
My reasoning: ---------------------------------------------- 1. Upward trend caused by ETF hype 2. Major sell-off before 11th of March (people taking profit because of incoming FUD) 3. High volume leading up to ETF decision 4. Ichimoku is awesome and Japan probably thinks that too 5. 1W candle is bullish 6. 1W, 1D and 4h Kumo Cloud is bullish 7. Double RSI on 1D...
Both up target and market breakdown structure displayed, 1170 to be watched, as more information about the ETF releases the more information will be priced in for hard retraces.
Long off range breakout - stop on a close below 50dma.
Breakout coming. Stop below 200dma on a daily close.
Triangle looks primed to break upward with a strong candle on the daily as well as a potential MACD cross
Percentage of DEBT to GDP : 104.17 Shiller P/E : 28.2 (68.9% above historical Mean) S&P, DOW J near record HIghs ETFS are no safe haven. www.sec.gov Wheres the market going? I have no idea but based on historical data we can see some clear indications that should be alarming to those conservative investors. Based on technical data if you zoom into 2016 we...
If you have followed or seen my other recent SPY charts you'd know that I have maintained a bullish outlook in the face of a primarily bearish sentiment that has seemingly permeated the hearts of most traders... It seemed like a reversal was coming in the usual manner but the bell tolled and we barely moved, however (as I said in the usual manner) it began to...
It seems to me that patterns are getting repeated in a favorable way. For me it is a good time to sell Ishares MSCI Pacific Ex Japan ETF. For further details, see the chart.
Flag or Pennant ? Both would be bullish ... Play with time-frame, it seems to match a pennant on most... However it may be neither, although there are many within it. That tends to serve as a confirmation! The SPY is an index based ETF for the S&P 500...