TradersForecast

TradersForecast May 21

SPY reached the top of a channel and will fall for a while.

TradersForecast Apr 23

SPY reached the bottom of one pitchfork and the middle of the second one and bounced back up. I expect the bounce to continue

TradersForecast Jan 21

SPY reached the middle (red) of the pitchfork line which may act as a resistance line. There is also a chance that it will break through and go to the next line up but I find it more likely that it will go down over the coming weeks.

TradersForecast Sep 24, 2024

SPY reached the red (middle) pitchfork line which is likely to act as a resistance line. See my last, related SPY idea and SPY fell after reaching the same line.

TradersForecast May 6, 2024

SPY (second red mark) looks like a repeat of the 1st one. Additionally the pitchfork lines also seem bearish. Additional pitchfork lines also seem to confirm a bearish outlook:

TradersForecast Apr 18, 2024

SPY continued up more than I expected but now there are multiple bearish pitchfork signs on the weekly chart.

TradersForecast Updated  Feb 21, 2024

I drew these pitchfork lines before Oct. 15, 2023 when I posted my last SPY idea, titled "SPY: strong bullish pitchfork analysis" (see related idea below). At that time SPY was 427.48. Now it's 470.80. SPY reached the top pitchfork line that I drew back in Oct. 15 last year and is at this time expected to fall further.

TradersForecast Updated  Oct 15, 2023

SPY reached the middle of one pitchfork and the bottom of another pitchfork. From here, it looks up. This is based on technicals only and fundamentals may obviously affect the market beyond that.

TradersForecast Updated  Sep 26, 2023

SPY reached the top of a couple of pitchfork lines and has been lingering at the bottom of another ready to break out on the downside. RSI is also in a downtrend channel.

TradersForecast Sep 26, 2023

SPY fell as I predicted in the related idea. It followed exactly the RSI channel that I drew when I posted my earlier idea (yes, I didnt' draw it now but before SPY fell, on Sept. 11, 2023, when SPY was 448.38). SPY now looks ready for reversal (given the price reaching lower pitchfork lines and RSI reaching the bottom of the channel). Additionally, I have my...

TradersForecast Updated  Aug 31, 2023

RSI is in downward channel and it also formed a head-and-shoulder pattern. I expect a significant fall of SPY on Monday, August 28, 2023.

TradersForecast Updated  Aug 17, 2023

Did you ever feel like you missed out on NVDA? Don't worry, you can make up for some of that and ride the price on its way down (aka, short selling or put options). The bear is coming for the market this week and it's going to ravish the tech. NVDA price is at a pitchfork resistance level and so is its RSI. Additionally see the divergence between the price highs...

TradersForecast Updated  Jul 22, 2023

RSI on daily SPY is in a downward channel. I expect RSI to fall next week.

TradersForecast Updated  Jul 7, 2023

NRGD price reached a support level and its RSI reached a support ptichfork line. Expecting it to go up tomorrow.

TradersForecast Updated  Jul 7, 2023

NRGU reached support pitchfork lines both on daily and weekly and is likely to bounce up.

TradersForecast Updated  Jul 7, 2023

On the weekly chart SPY is close to some resistance pitchfork lines and the RSI is approximately in divergence with the price (the price high although lower then the earlier high it's still high relative to how the RSI high is in relation to the earlier one). On the daily chart the price is close to resistance pitchfork lines and the the RSI reached a resistance...

TradersForecast Updated  Jul 6, 2023

On both weekly and daily: 1. NVDA reached some pitchfork resistance lines 2. There is a divergence between the price and RSI This makes it likely that NVDA will fall.

TradersForecast Updated  Jun 29, 2023

BOIL price fell 98% but the technicals (particularly analysis of pitchfork lines) indicate that BOIL is a good buy opportunity.