It looks like the NYSE:DG is in some sort of EW (3-4) and it's approaching a potential support zone. Something for value oriented people to consider and they pay the divs while you are holding.
A lot of bullish sentiment out there but the rally is not confirmed. See the negative divergence marked on the bottom of the chart. Also running into long term trend line and confluence of Fib values converging around soon.
AG looks to be back testing break-out and approaching a potential support zone here
Arriving at resistant zone here. Would you consider locking in your profit around here.?
I follow #NYA for neutral and less biased view of the market.
XAUUSD has entered the potential support zone.
In previous post, I shared that I was looking for #SPX to pull back. Now I am accumulating at this level.
I am not married to neither the Bull case nor the Bear case. Here are some of the possibilities as of today's closing. Scenario_1: Pull back for w4 and OMH for a significant topping in either (2) or (B) Scenario_2: Red path shown with potential OML (A-B-C) to 3400 zone Scenario_3: We have the bottom in October. IF so, SPX should blow through the RESISTANCE ZONES
Just a possibility until proven but an interesting place for SPX to stop
It looks like a some sort of top is forming for SPX. There is a chance for it to do one more zig zag as shown in Blue.
#DXY reaching a support zone. Expecting #SPY to pull back
I am looking for a correction at this zone something like this
Now everyone is talking about the energy sector. The Risk vs Reward is not attractive
This is charted with #SPX500USD cont. Here's a potential ABC correction for #SPX, #SPY
EVERYONE including me are bullish with Oil sector but I think the sector is facing a significant resistance zone ahead and I am locking in my profit.