Here's a closer look at a highly reliable cyclical bear market indicator. Over the past two decades, it has consistently proven itself as a trusted signal, often aligning with yield curve inversions. In contrast to employing trendlines and breakouts for precision, this chart relies on moving averages. These moving averages function in a similar manner to channels,...
All depends on NASDAQ:AAPL earnings today. I have my popcorn! You?
Rejecting down trendline, below 50 DMA and the option flow ratio for March 17th is 4:1 puts. Very strong numbers from economy today, which means the FED will have to raise rates again at some point this year. I have been following the FOMC for 6 years, take every meeting cautiously. We also have CPI numbers on the 14th. I am holding MArch 24th 61 puts at $1.15 GL!
Need to flip this orange 50 daily moving average to solid support and then we can validate the inverse head and shoulder breakout and head to this target. *not financial advice*
Chart says all. IF it breaks the 50, will likely sell off 8-10% further. There find supply zone. RSI and MFI at this level have held support in past, except Oct 2020. So used that overlay for failed case. NB: DJI off only 0.5% and RUT was GREEN EOD. Would not be short here with small caps so resilient... GLTA.
We're not done with our correction. We're seeing a bounce off the 100 day MA, we should see some resistance at the 50 day MA at around $57k, come back down to retest the 20 week MA (around $47k by the time we test it again) and then lift off for a new all-time high.
After six months we have closed under the 50d moving average again on the daily timeframe, last time was in october 2020 of this cycle. If you look back to the bullrun of 2017 you can see after we closed below this 50d MA we got a correction. If we are closing today below 56635 we are under the 50d MA again. As long as we hold 55k as support I don't see anything...
BTCUSD has been in a rising channel since mid December 2020. It has, remarkably, maintained this rising channel and issues the channel's lower trend line as support around 4 times - this further providing evidence of channel integrity and lower trend line support. Currently the price is approaching the lower trend line support and has a little more to go down...
Prices are approaching the 50 DMA, which historically has provided suport to the price. Furthermore the 50 DMA is also converging with the neckline to add further support to this level being a suport level for the price. Additionally the RSI also has found support at the level it would reach when the price reached the 50 DMA. This sets up the following: prices...
The date of the study, September 8, 2020 Titled " SPX 50 Days MA, the line's relationship with price. (VERY OUD) ""
Looking like a nice lil possible triple top coming thru before heading south to home base it at 50DMA and other trend support in the purple box. Then we need to try and go way beyond beds and even beyond that overhead downtrend channel in red, that’ll be the moment of truth if we make it out of the downtrend cycle. If it doesn’t it’ll be onwards to check out...
DuPont wants to hit the 50 DMA too indicated by the purple box there. Pretty weak dojis leading this current rally up, could call today’s candle a shooting star. Nice random spot kind of start of this current rally shows 50% retracement right into the 50 DMA also. Bingo
Conveniently lines up, 61% retracement of most recent big league move, previous gap up level with the dashed line. Plus it’s fitty day moving average territory. Might move a little higher in the meantime after a couple more boring days. Then on to mr fitty day 50 DMA
Keep an eye on this one -- we like it long right here. Multi-year breakout above $40 last month now holding as support. Deep pullback to the 50dma with a large open interest put level at the 43-strike to act as support as well. Shorts are in covering mode down over -18.03% over the past 2-weeks. Options are moderately priced in the 19th percentile as well.
IGL Good above 409.5 SL 404 Tgt 413,417
The stock faced quite a lot of rejection against 50D EMA and 200D EMA forming a strong 200D EMA resistance and an intermittent 50D EMA resistance before it broke above both the resistance and formed consolidated support for the price to go long.
Just as planed . Looks like next week we Might get the "randevo" with the 50 DMA
according to our Unum Trading Desk analyst, Lester Davids, "TKG is making a triple break: the 50dma, 200dma and nearly through the downward trend line. "