I never really traded this before. But from the chart perspective and all talk about lowering rates. This one sure seems interesting on the weekly chart.
Volume and RSI divergence, plus OBV balances higher up.
Even oversold on monthly RSI.
Last two weeks candels has also been bullish.
Maybe?
Will hold this for some time. I think.
This picture indicates that if the candlestick can stand on support level 1 at the price of 205.05, it can generate profits in the upward direction, and it can take profits at resistance level 2 at the price of 211.03. Additionally, you can check the RSI indicator to confirm the trend further; if the RSI stands above the 70 line, it indicates a bullish trend.
Looking at the daily chart, it seems like the short term momentum is waning a little.
PPM1 is on its way down and has just crossed its first derivative, suggesting we have at least temporarily topped. The 10 SMA is also showing downside movement.
The PPMs 2 and 3 are still holding on it seems. So are the upward slopes of their respective SMAs. So we could get...
TLT long term bond ETF ripe for a swing trade to $92 coming off the
1. Hard landing concerns -> Treasury Bond Rally (TLT)
2. Faster Fed Rate cuts -> Treasury Bond Rally (TLT)
3. Inflation Dropping -> Treasury Bond Rally (TLT)
TheTradersRoom is very long #CQQQ from much lower levels and looking to hold this one till at least we see 2-3x gains on it.
We have entered it first days of Feb and very happy with the result.
China is recovering and Im expecting a perfect inversion alignment to QQQ here into the end of the next year.
It was a clear breakout from the downtrend channel last...
AMEX:SPY May 7,2024
15 Minutes.
AMEX:SPY managed to stay above 510 levels.
Now we have 100 and 200 also near 510 levels.
Now holding 513 levels uptrend intact.
513 is the 61.8 % retracement for the fall 524.61 to 493.86.
510 is important because it is 38.2% retracement for the rise 599.55 to 516.61.
For the day holding 514 levels i have a target 518-519...
So, for anyone who likes to watch certain movements.
A big one is about to occur.
A rejection from this break is the covid drop. about 30% and some.
However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe.
That takes us down below 200.
It...
Elliot Wave finished forming the A of ABC correction just on the fourth wave of giant minor E.W. D1 t.f.. Two sets of abcde waves finished and builded a complete smaller abc correction, giving open doors for a bullish momentum.
Trend still can continue until 300% of E.W. fibonacci.
fibonacci is between the 0 and 2 of E.W., starting from 50% instead of 0.
It...
Price of SOXS since inception. Price in 2012 is not a typo.
Adjusted for reverse splits, shares declined from $11.1m to $3.
Eleven million, one-hundred thousand dollars became three dollars in twelve years.
Bear etf funds do not contain equities. They consist entirely of futures contracts, which suffer time decay and expire.
This is the effect of time decay...
Uranium looks ready to explode higher.
This commodity had a daily chart breakout today and no one is talking about it.
Silently triggering a bullish inverse head and shoulders, this should yield more upside.
I'm looking for this breakout move to be confirmed in the coming days. If it confirms a breakout this will be a likely trade that we can buy the dip on.
... for a 4.64 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Was starting to get somewhat worried that we would never have decent IV again. This ain't great, but I'll take it ... . Will generally look to take profit at 50% max.
... for a 4.95 credit.
Comments: A Q3 starter position ... . Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. July isn't paying, so going out to August.
Will look to add rungs in shorter duration, assuming I can get in at strikes better than what I've got on...
... for a 4.00 credit.
Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
... for a 2.33 credit.
Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. (This is actually at the 18 delta, but it was either the 190 or the 185 where I wanted to pitch my tent from a delta standpoint).
Starting to slowly deploy third quarter rungs...
