For two months $SPY has been trading within a 1% range - Once on July and later on August - Total of 36 boring days that made the summer a nightmare for swing traders.
Now, with VIX at 12 and $SPY just below a daily downtrend line, Volatility is expected to rise as the markets prepare for Sep FOMC on the 21st.
Another push towards 220$ (2200 with SPX) is...
GBP moving higher?
Data:
1. Leading post brexit data has recovered significantly from 5-10yr lows to firm growth or significant recovery (PMI, Optimism, Confidence) and imo this will be continuing theme given negs arent going to start for another 6-9m, there isnt any impetus to drive us lower again.
2. Also the macro indicators are trading well, e.g....
Nyx Gaming Group has just had a 46% price increase in the past two weeks up until its peak. Price is now very overbought and as stated on the chart there are several bearish indications of why this is a good short sale. Also as you can see on the chart, price recently bouced back from the top lin reg line as it did a couple months ago. Price target is middle lin reg line.
I think USD/JPY will be bearish first - the bands have contracted a narrow range that we can see on the graph. So down first and then bullish.
This is my first time using Bollinger Bands. Feel free to comment and to give me your opinion.
$APH, Aphria Inc. has been uptrending for months now. Using the lin reg lines you can see that it has bounced off of the top and has recovered using the mid line as a support. As stated on the chart there are several bullish indications and Im looking for a price target somewhere along the top lin reg line (green rectangle on chart).
Trade valid until price closes...
1. Expected USD raise after US GDP revision and Janet Yellen´s speach.
2. This is a W4 corrective wave from a 1-2-3-4-5 count, started by the beginning of the month. It hasn´t arrived yet to 78.60% retrace which is not normal for this kind of wave: normally, there are bigger retraces.
3. Downtrend respected: hasn´t broken the blue downtrend line, hasn´t broken the...
BBands set to (30)
Triangles also represent a squeeze on the BBands
The past two squeezes of this magnitude have hit either R3 or S3.
My expectation is that this breakout will do the same. Although admittedly, the pivot math is greatly altered due to the BFX hack selloff, so therefore the S3 pivot at 2270CNY may be a little low, but does fall within previous...
Anfield Nickel Corp looks to be at a great price to buy. Looking at the linear regression channel, you can see it is trading near the bottom of it with several indicators showing price will soon begin to move upwards with the channel. Firstly the MACD is about to crossover to a bullish signal, Then the WaveTrend Oscillator is showing price oversold with a slight...
After the release of the Manufacturing PMI this morning with actual figures being better than previous and forecasted figures there has been a spike in GBP up to the two descending trend line channels of which have been rejected up to now. I am expecting a little bit more retracement to the downside following this spike, however will be looking to see if there is...
My analysis from last week was correct. We had a smooth downtrend, which was confirmed by the BB%. The market broke the trend channel on friday.
For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121.
Indicator BB% shows me that on the 4H timeframe the market is...
Following this simple step down procedure over the next week, I am assuming we will test 13.25-30 in the next day or tomorrow followed by another dip in the weekly low and retrace to test the 1320 area until more information comes out about our economic outlook throughout the week.With good support levels around 1313-1310 are broken we can see further down side...
After a 3 weeks downtrend looks like it's going to reverse.
- A bullish gartley pattern where "D" is flirting with the Bollinger Band and S1 of my Pivot Point
- I'm nice reversal pattern pattern of the candlesticks
I'm going to go long on Monday as soon as market open, My stop loss is set just a few pips below D. For now my take profit is in the middle of my...
The practice already tells us that the Vix not last long at these levels, now looking for when it will move.
Relative Volatility Index: shows a pattern that previously led to the movement.
Directional Movement: DI + moves easily over 20 (24.66).
Bollinger / Kelner: The narrowing of the Bollinger Bands, penetrating moments in the Kellner brings us closer to a...
With so many "S&P 500" bulls in the market not only is the volatility of the "S&P 500" very very low as of Monday, August 23, 2016, as shown on the screenshot below. The volatility of the VIX (the VVIX index colored in red) is also below the average right now. And the "VIX" index itself closed Monday at 12.27 points.
With the S&P 500 near record highs this gives...
Possible divergence forming on FX:USDJPY . I have a sell limit set at my 1st deviation bollinger band in the supply zone, 102.6, with a 60 pip SL and 2 profit areas for a possible 4:1 reward/risk ratio.
Happy Trading
