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Alltimehigh

S&P500 - What´s next?Exemplarily, the S&P500 rebounded on its 61.8% Fibo-Retracement. Also there was the correctional high of October. If the S&P500 can´t close above 2.820 points, it is in a short-term downtrend . The next first target would be at about 2.610 points. If the bulls still do not take the scepter, it can slip one more level to 2.480 points. If we see the year-end rally, and the S&P500 will close above the level of 2.820 , we should also quickly see the old highs at 2.940 . New all-time highs are also very likely .
SP:SPXShort
by IndexVision
Earnings Stock of the Day: DISDisney reports earnings today. The chart has been in a bottoming formation since April of 2018 as this company had a business contraction in 2015. The stock is below its all-time high. The bottom is on the short term within a Trading Range of 30-point dimension. Weekly Chart of DIS shows the trading range. The stock is postured to attempt a breakout of the trading range. This requires that the stock move above the previous all-time high to form a new all-time high. It must sustain the new high and move higher for the trading range to be concluded technically. This length of trading range action typically patterns out the excessive speculation of previous years.
NYSE:DIS
by MarthaStokesCMT-TechniTrader
WMT Bottom Facing All-Time High and Trade WarsWMT has been in a bottoming formation most of this year. The big gap up was HFTs taking advantage of those who trade on earnings news. Notice how quickly profit-taking follows. The all-time high is strong resistance. Walmart is one company that is stating it will face revenue and earnings problems due to the Trade Wars and new Tariffs on the Chinese goods it imports. Since this is a discount retail store, the tariffs will eventually force the company to either find another country to import goods from or raise the cost of its imported goods, which is a far more likely scenario. That means US consumers who buy products from Walmart will start to see an increase in the cost of any products or goods imported from China. This could take effect as early as this holiday season. WMT may try to delay some cost increases until next year, but the increase in import costs will be passed onto consumers at some point.
NYSE:WMT
by MarthaStokesCMT-TechniTrader
BITCOIN: parabolic reversal to ATH in spring 2019?This one is really interesting. Not only did we cross again the 40 mark on the daily RSI (repeating wave pattern), but also we bounced off the 6k support line which not many people had expected. Market always finds a way around the opinions of the masses. This time I want to show you, how a parabolic reversal back to ATH could look like. Its matched with the news of Bakkt and some ETFs that will be approved or denied. A possible scenario is the alt reversal to previous median prices during september to november, then when Bakkt opens the door for many institutions as Starbucks and Microsoft for example (already signed a deal) I expect BTC to take the turn around and leaving alts behind for once again, like many times this year. This is just some though play I had lately while observing other similar crashes of cryptomarkets. We have approx a 2x to 3x speed increase cause of more volume and media attention than any other market crash. This means, faster dumps.. but also faster recovery. Let me know what you guys are thinking. Tomorrow is the first ETF decision.. (which is only a tracker ETF tho, nothing too important and should be approved in my opinion, cause there are many tracker products already in place). For people who are not sure how to handle those difficult times, but are already in coins, why not tether up some % of your folio? Then either buy in again while its going up, or wait till bottom out and accumulate if you still believe in the project. Cheers
BITFINEX:BTCUSDLong
by MarkiMark_1559
2
TYA Long: Potential 20% upsideWhat does the last 2 troughs in the TYA channel has in common with the current? Equity markets were at all-time-high. SPX CY'18 is expected to deliver +26% eps growth this year thanks to the tax cuts and budget deficits. Next year, it is expected to deliver something closer to norm, 10% growth. That is if the Trump's FART bill (google it, not kidding, there is a FART bill in circulation) does not kill growth growth. TLT is also trading at the bottom of a multi-decade range and has a +40% upside.
TLong
by WellTrainedMonkey
Tesla approaching all-time highTesla has been having the best month so far. Growth is spiking with barely any bearish days. Today price action breaks and closes above the $360 resistance level (3.53% up!) that was tested multiple times since October, 2017, opening the doors for higher targets. All-time high at $390 is the next major level. Investor sentiment is positive so far despite recent setbacks for Tesla, there is great faith in Musk’s vision, pushing the stocks higher. Analysts believe $400 level is in the cards. Recently Musk bought a lot of Tesla stocks. Today’s break could be due to Musk’s tweet. Tesla being one of the most shorted stocks, when Musk was asked about people shorting Tesla, he replied: ‘They ‘shorts’ have about three weeks before their position explodes’. This comment today added further anticipation in the market. In three weeks the next quarterly results for Tesla are supposed to come out, not a coincidence. All this market anticipation is getting priced in now. Twitter is quite the power and it is not the first time Musk uses such announcements to boost investor faith in Tesla stocks. Looking at trading volume, there is definitely a lot of interest in this stock. While RSI is also overbought now, chart shows Tesla can go even higher into overbought zone. If the next resistance is tested, could be a good opportunity for a long. Happy Trading!
NASDAQ:TSLA
by Antonio_trader