hermes_trisme

hermes_trisme

Last week was characterized by increasing selling pressure that hindered upward price progression but failed to trigger any substantial pullback. The market has not even retested the previous consolidation zone ( 598-601 ), which highlights the weakness of the sellers. Looking at the daily chart, the recent price action resembles a bull flag, favoring a...

08:28

hermes_trisme

In his fundamental book "Encyclopedia of Candlestick Charts," Thomas Bulkowski tested dozens of candlestick patterns using S&P market data. His research revealed that many well-known patterns perform quite differently from what conventional wisdom suggests. In this video, I’ll show you how to conduct a similar analysis using your own data to determine whether...

hermes_trisme

Last week, the market opened with a gap up that was quickly filled, after which price hovered near the previous all-time high. Bolstered by new economic data, which delivered no negative surprises, bulls pushed the price out of the trading range, establishing a new all-time high. While this is undoubtedly a positive development that reinforces the bullish thesis,...

hermes_trisme Updated 

Technical SHORT opportunity in QQQ: 1. QQQ failed to fill gap from Friday. Very weak upward progression over the last 4 days 2. Thursday’s candle is a “bearish hanging man” 3. The last bearish wave retraced 66% of the prior upward move 4. There have been multiple tests of immediate support level (495-498) 5. QQQ has been weaker than S&P over the past 5...

hermes_trisme

Last week’s market action reflected the ongoing struggle for recovery after the previous week’s sell-off. The market opened cautiously, with buyers stepping in to regain ground lost during the prior downturn. Despite early hesitation, bulls managed to push prices higher, eventually filling the gap created by the earlier sell-off. However, this recovery faced...

hermes_trisme Updated 

C3.AI is preparing to follow PLTR. It has been in accumulation phase for several months. There is a short-term profit potential (bullish break out after "spring") as well as a long-term.

hermes_trisme

Last week’s market action delivered a reversal in sentiment, highlighting the fragility of the rally that had persisted since the so-called "Trump rally." The week began slowly, with the market testing buyers’ conviction to push prices higher. After confirming a lack of such conviction, sellers stepped in, driving prices sharply lower. As suggested in my previous...

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Thesis: Bullish Short-term Company Profile: Lennar Corporation develops and sells single-family and multifamily homes, along with residential land. It also provides mortgage financing, title, insurance, and closing services, and originates securitized commercial loans. Its customer base includes first-time, move-up, active adult, and luxury homebuyers, with...

hermes_trisme

Last week's market movements provided a strong example of how impactful certain events can be on sentiment and momentum. In the last market recap, I highlighted uptrend continuation as the most likely scenario. However, at the start of the week, there was absolutely nothing on the chart suggesting a V-shape pivot. Week started on a weak note, but Tuesday marked...

16:35

hermes_trisme

In this video, I dive into two advanced options trading strategies: the Long Iron Butterfly and the Short Iron Condor. These setups are designed to capitalize on sideways market movement. Using the TradingView Option Simulator, I demonstrate how each strategy works, discuss the potential outcomes, and share tips on optimizing them for better results.

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Last week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming...

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Here is my subjective list of recommended books for traders. While there is some overlap in the material—especially regarding technical analysis and risk management—each book offers unique concepts and tools, enriching your learning path and expanding your skillset. I'm not sharing any links but all books are easily accessible on the internet. Beginner Level: ...

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NASDAQ:QQQ is approaching a very strong resistance level, which aligns with both a previous supply zone and a diagonal resistance line. This presents an opportunity for a technical SHORT play. Why do I call it technical? Because the market remains very bullish, with no signs of a broader uptrend reversal—especially following strong earnings from NASDAQ:GOOG ....

hermes_trisme

Last week was marked by some selling activity. As anticipated, sellers took advantage of temporary bullish exhaustion and attempted to push the market down. A strong sell-off occurred on Wednesday, with the market losing 1.2%. However, this sharp decline did not see much follow-through, as the price found strong support at the top of the previous consolidation...

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Last week wasn't particularly remarkable. Despite two bearish attacks (on Tuesday and Thursday), buyers still managed to push the market to a new historical high. It was somewhat concerning that they couldn’t sustain the high for even an hour after the open, but since the bearish movement didn’t gain momentum on Friday, the bulls still have the upper hand. We may...

hermes_trisme

Last week, the bulls finally gained the conviction needed for a breakout. Fueled by strong banking earnings, the market has moved upward from its trading range, reaffirming the long-standing uptrend. Both the short- and long-term outlooks remain bullish. More earnings reports are set to be released next week, but unless there are significant surprises, nothing is...

hermes_trisme

Last week was characterized by controlled selling, with prices drifting down slowly as the market awaited the unemployment data released on Friday. As we can see on the daily chart, sellers were unable to close the day below the previous day's low, even after a significant sell-off on Tuesday. Once the unemployment data was published, alleviating concerns about a...

hermes_trisme

Last week, the market traded within a narrow range, yet still managed to reach new highs. The bulls remain in control of both the daily and weekly timeframes, although I’m not entirely comfortable with the structure that has developed over the past five days. Most of the growth occurred during extended hours, while during regular trading hours, the market either...