Breaking news. Whether to follow the signal to make money.
eview last week's trend. Gold once soared to the 1987 line. The fall of the US dollar and changes in geopolitics act as support. For many friends who follow me to buy gold, they have made a lot of money. This is something to be congratulated on. But if you didn't follow the signal to buy gold but sell gold in the last week. Then the loss is heavy.
Everyone has also seen that gold has not stabilized since it went up to the 1987 line. On the contrary, because of the rebound of the dollar, it continued to fall to the 1957 line. After the shock at the end of Friday, the closing price bottomed out at the 1962 line. After the opening of the Asian market, it touched the low of 1958 again, forming a short-term double support. There is no special news news today.
From a short-term point of view, the current support is effective. Because this is the first time that gold has formed a second low support after falling from its high level last week. So in the short term, I will mainly buy gold. Of course, the actual trading situation is subject to the real-time trading signal updated by me on another channel. Never trade blindly.
1970 above is a short-term pressure level.
Apple
$APPL -Buy Opportunities - Apple Inc. ($APPL) nearing Support Trendline of its Rising Channel.
Looking for long opportunities in the short-term,
remaining positive TA speaking until the upcoming Earnings Report.
Until 3rd of August positive momentum has captured $APPL ;
(may be interreupted from Feds upcoming week Rate Hikes Decision)
SL is adjustable from here, with the nearest point being the last
Higher Low market structure,
or the previous ATH depending on your risk apetite.
Until the next one;
trade smart
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before considering partaking any trading activity based solely on this Idea
Apple -> Watch This Potential PatternHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
The weekly timeframe on Apple is showing some overextension towards the upside and Apple hasn't retested the 0.236 fib level yet so we could indeed see a short term pullback now.
Apple could also created a solid double top on the daily timeframe and if Apple stock also breaks below the solid uptrend line we could certainly see a short term move lower to retest the previous all-time-high at the $180 level.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
APPLE Next stop 200 after a pull-backLast time we bought APPLE (AAPL) on the short-term was on June 05 (see chart below), after a technical pull-back, and easily hit our 190 target:
The stock has maintained the Channel Up since late March with the 1D MA50 (blue trend-line) in Support since January 25. Based on the 1D RSI, which has been within a Rectangle pattern while the stock is on the Channel Up, we are about to see a technical pull-back towards the Higher Lows (bottom) trend-line and then rebound for a Higher High. That is a short-term opportunity for buyers to target $200.
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NASDAQ - INMINENT SELL OFFNASDAQ - BEARISH INTERNAL CYCLE
Price it's on Panic Area (-0.382 - 0.00%) from Bearish Internal Cycle
I Suggest open SELL positions / take profits from bought stocks listed on Nasdaq at current price
- SL: ABOVE PANIC LIMIT AREA (17094.04)
- TP 1: 12849.15 - 12231.24 (50-61 %)
- TP 2: 10442.74 (100 %)
ADDITIONAL CONFIRMATIONS:
-APPLE Stock on same situation.
SPX/ES - An Analysis Of The 'JPM Collar'Over the last two quarters, financial social media has cared a lot about the "JPM Collar," a series of very large options trades that JP Morgan uses in one of the funds it offers its clients.
The theory for speculators is that the JPM collar will be used to constrict the market within a certain range. But as for how that plays out, it's hard for a trader to anticipate, especially amid the daily chop.
The levels are on the chart and you can reference them yourself. Below is a print of monthly bars, which is easier to see since I have to compress the TradingView chart to make the bars work:
If you're not familiar options, the general idea is this:
These options blocks expire September 29
JPM will lose a lot of money if price is over 4,665 or starts to approach 4,665, especially if it happens right away
JPM will lose a lot of money if price goes under 3,550, especially if it happens right away
JPM will lose a lot of money if price goes under 4,215, especially if it happens right away
But a nuance of being long 4,215 calls is that if price is significantly over 4,215 by September, they will make a lot of money on their calls.
Geopolitical Risks
Before we begin, I'll warn you, as I do in every post, that the geopolitical situation is tense. NATO is at war with the Russian Federation inside of Ukraine and the International Rules Based Order is always talking about "de-risking, but not decoupling" from Mainland China under President Xi Jinping.
The risk for markets is, short of a situation where a tectonic/geothermal event surprises everyone and causes the crash of crashes, is that Xi gets up one night and throws away the Chinese Communist Party.
Since Beijing business hours are New York night, you'll wake up to quite the gap down that will be hard to recover from, for the Chinese Communist Party and former Chairman Jiang Zemin and its cronies are guilty of the 24-year-long persecution and genocide against Falun Dafa's 100 million practitioners.
The Call
The most most notable thing about price action is as June closed, range equilibrium between the June high and the October low is exactly 4,000.00 points.
Something else I stumbled upon when preparing for this post is that when comparing the Dow, Nasdaq, and SPX futures monthly bars, the three have completely converged.
This is the first time since the **2022 top** that this has happened.
You can see it on the weekly as well
There used to be quite the delta, which allowed for stock picking and trading. If you ask me, what three memelines coming together all at once means is that the markets reached peak overbought, and genuine "overbought" isn't something you can see with an indicator.
The daily shows this really only manifested in June.
There are some problems with more uppy, as I explain in my calls below on the VIX, which needs to go up so that whales can go back to collecting free money selling volatility:
VIX - The 72-Handle Prelude
(But note that under the current conditions being summer and we're not that bearish right now, we may only see VIX 50)
And the fact that the Nasdaq is just so far away from its trendline that going more parabolic is hard to believe.
Nasdaq NQ - A Fundamental and Technical Warning Signal
I don't normally call exact areas, but I put a white box with a dolphin because I think price is going there, and will do so fast, like, mid-August fast.
That box means 3,778~.
This means JPM will be green on out of the money calls, red on its own calls, and red on the 3,550 puts.
But JPM doesn't lose money to begin with because they're hedged and will be compensating for the drawdown in other ways, like the alpha they'll generate from going big block long in the dumps under 4,000.
The other advantage is it will trap bears who think it's finally the apocalypse they've long been awaiting for the ponzi to go to zero, and they'll buy puts and buy puts even though the iVol is insane from VIX being over 50.
Once the craziness is done, the markets will recover, and whoever sold will probably by trapped.
So, be careful out there. Wall Street's best laid plans can be blown to pieces in an hour by Heaven, for men are no better than mice in this boundless Cosmos.
Candlestick pattern: Shooting starShooting Star is a bearish candlestick reversal pattern. It signifies the end of an uptrend and the potential start of a downtrend. Its opposite is the Morning Star.
When analyzing this pattern, we should observe if the confirming candle closes within the lower third of the range formed. This condition acts as a filter when deciding whether to initiate a trade or not.
This filter makes sense because a stronger confirming candle indicates greater rejection of the uptrend continuation, thus increasing the likelihood of the pattern's success and the formation of a new downtrend.
On the other hand, if the confirming candle does not close below two-thirds of the range formed, it could indicate weakness in the direction of the trend and decrease the probability of the start of a new downtrend.
Nasdaq - The Great Bear TrapIn recent analysis on the state of the markets, I note that the notion that we're "in a bull market" is actually really dangerous, and how, if you really want to see healthy markets into the future, you don't want to see a new all time high print yet, because we're just too far over the trend:
Nasdaq NQ - A Fundamental and Technical Warning Signal
Moreover, Q2 just finished strong, and with a new quarter, comes a new deployment of the algorithms. The infamous "JPM Collar" is something I discussed in a recent post:
SPX/ES - An Analysis Of The 'JPM Collar'
Namely that I believe it forecasts a serious correction in the markets. But at the same time, it has until September to even start, really.
And it's dangerous to be long right now because the VIX is so low and we've been in a bullish impulse inside of bearish market conditions for so long, which I note below
VIX - The 72-Handle Prelude
You can see the first manifestation of this principle has begun in both the VIX, and the UVIX 2x leveraged bull ETF:
You might look at that and think "lol it gave all its gains back" but this is actually what you want to see if it's going to run a bit.
I also have open calls for Tesla, which are short term, albeit significantly, bearish.
Tesla - What To Expect Until September?
And an open call on Netflix where I actually believe it will retrace to the $170s during the next major correction.
Netflix - I Hope You Like Catching Knives
So where we're at with Nasdaq futures is that it made lower highs while the SPX made higher highs:
The divergence is noise for the short term, but if you ask me, it means that in the long term, if we see a dump, and then a bounce, that Nasdaq will actually take out the high while SPX will be a laggard.
What Friday's price action showed is that both SPX and Nasdaq have begun to dump. If you ask me, this is because before we can go higher, we must go lower.
Sells have to be matched with buys and buys have to be matched with sells, after all.
And at this point, we haven't seen any downside in the markets since March. It's too extreme.
Two important areas of note is we have the daily pivot around 14,800 and the gap around 14,500.
Both of these are places that I expect to see attempts at bounces that will not come to fruition. Because you need to give people a chance to buy the dip and then for them to get stopped out.
I believe that the reason things will dump, and they may dump violently, and fast, is to crank the VIX and have all the permabears finally see their "opportunity" emerge to get short for "the crash."
Only for markets to bounce through the end of August while everyone with money is at the sea side and VIX dies a slow death back to a 9-handle while volatility gets sold off for free money again.
By then, nobody will want to be short anymore. Everyone will have capitulated. Then the fireworks can start, and early bears will miss the move, much to their consternation.
So, I believe that Nasdaq and tech stocks give the opportunity to short through the next few weeks.
On Wednesday, we have CPI, which has not mattered in months, but may matter a lot now while the markets pretend to care about whether the Fed hikes rates again.
Then we have FOMC on July 25 and a Nasdaq 100 "rebalance" on the 24th.
A recovery through the end of July and all the way through the end of August is a very likely scenario.
Until then, I believe we will see violent and significant downside, and it finally gives an opportunity trade puts and bear ETFs until you see really significant bullish movement in price at key levels, and then look for longs.
But the next time it's time to go long, it's only a scalp.
After Q3, the remainder of 2023 and the early part of 2024 is likely to be quite dangerous.
There are more important things in life than making money. Make sure you take good care of yourselves and your family and friends.
Make sure you make up for your regrets as soon as possible, lest you find yourself with no further chances to set right what was set wrong.
AAPL - BULLISH SCENARIOKeyBanc raised its price target for Apple (NASDAQ:AAPL) to $200 from $180 and maintained an Overweight rating on the stock. However, analysts expressed neutrality in the near term despite their positive long-term outlook.
They reiterated their below-consensus revenue estimates for Apple's hardware in the third quarter of 2023. The analysts highlighted two concerns. First, Key first look data (Apple direct channel) showed strong spending in June compared to historical averages, but a quarter-on-quarter decline worse than historical averages. Second, KeyBanc expected softness in Apple's indirect channel (U.S. Carriers) due to historically low upgrade rates in the United States.
The analysts concluded by stating that for Apple to achieve favorable results, international sales must compensate for underperforming U.S. sales. Their price target is set at $200, based on a multiple of 20.8x their 2024 adjusted EBITDA estimates.
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AAPLE: Buy after this minor pull back.Apple is trading inside a four month Channel Up on an almost overbought 1D time frame (RSI = 69.133, MACD = 4.100, ADX = 62.578) supported on the short term by an HL trendline. We expect a pull back near the 4H MA50, which has been the most optimal buy during this Channel Up period, ideally with the 4H RSI near its S1.
We will buy and target the upper band of the Channel (TP = 200.00). A crossing under the Channel Down would be bearish and will force us to close the buy in loss and sell instead to the 4H MA100 (TP = 182.00).
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Buffett's Love for Apple Shares: Discover the Secret SuccessI wanted to share an exciting story that's been making waves in the investment community and will surely bring a smile to your face. It's all about the legendary Warren Buffett and his deep affection for Apple shares. So, please grab a cup of coffee, sit back, and let's dive into the world of Apple and its incredible potential!
Warren Buffett, often called the "Oracle of Omaha," has long been recognized for his impeccable investment acumen. He has built an empire of wealth through a disciplined and patient approach to investing. And guess what? Apple Inc. has become one of his favorite long-term investment choices!
Why does Warren Buffett love his Apple shares so much, you ask? Well, let me unveil the secret. Apple is not just any ordinary company; it's a global tech powerhouse that has consistently demonstrated its ability to innovate, adapt, and dominate the market. From the revolutionary iPhone to the game-changing Apple Watch and the recent introduction of Apple Silicon, their M chips, Apple continues to redefine technology and consumer experiences.
But it doesn't stop there! Apple's financial performance is equally impressive. Apple has consistently outperformed market expectations with a strong track record of revenue growth, healthy profit margins, and a robust ecosystem of products and services. This stability, combined with their unwavering commitment to customer satisfaction, has solidified Apple's position as a trusted brand worldwide.
Now, here's where it gets even more exciting. Warren Buffett's love for Apple shares is not just a personal preference; it's a testament to the company's long-term potential. As an investor, you can follow in his footsteps and consider Apple a safe long-term investment for your portfolio.
So, my dear fellow investors, I encourage you to take a moment to consider Apple as a potential addition to your investment strategy. With its strong financials, innovative products, and unwavering customer loyalty, Apple has all the ingredients for long-term success. By investing in Apple, you can align yourself with one of the world's most respected investors and tap into this tech giant's immense growth potential.
Successful investing requires patience, research, and a keen eye for opportunities. Apple's track record and Warren Buffett's endorsement make it a compelling choice for those seeking stability and growth in their investment portfolios.
Suppose you're ready to take the next step and explore Apple as a potential investment opportunity. In that case, I encourage you to contact your financial advisor or research to evaluate its suitability for your investment goals.
Look back to the past | At least 130% every impulse waveMonthly Chart:
Apple ( NASDAQ:AAPL ) is trading around $191 now.
When I look back to the past over 10 years from 2012 - 2022, I figured out AAPL always increased over 130% from bottom of the previous pullback. You can see that on the chart
And now, I expect NASDAQ:AAPL can go up at least 130% after down ~32.5% from previous ATH ($182.94)
If it come be true, APPL costs $286 in next 2 years and half.
Wait and see what happen
P/S: I'm a iFan
APPLE Good short term sellApple reached the top of the 4 month Channel Up and got rejected.
That is a Higher High rejection and inside this pattern, the minimum decline during such rejections has been -3.25%.
As a result this is still a good short opportunity. A -3.25% decline gives a target of 188.50.
By that time, the 4hour MA50 may come to support again.
If that's inside the RSI's Support Zone, then all the better.
Follow us, like the idea and leave a comment below!!
Will even the mighty Apple head lower?Made a double top from Nov 21 to May 22. Then fell and retested the 50 EMA before continuing back down. Stochastic starting to look oversold, but it looks to be heading towards its 200EMA. Next few months will tell.
WARNING: This is not a solicitation to trade. Make your own decisions and manage your own risk.
Will Apple Continue To Rise? 🍎Stock: Apple (AAPL)
Time Frame: Weekly Chart
Direction: long
Comment:
At the end of last week, Apple reached new all-time highs. In this analysis, I will focus on the weekly chart to show you where I believe Apple is heading. It is evident that Apple successfully broke out of a clearly visible triangle pattern and subsequently experienced a bullish rally of approximately 30 %. This surpassed all previous resistances. Previous supports have now become relatively strong supports, especially around the $170 price level. 📈
I now expect a short-term correction followed by a continuation of the uptrend. Considering the Fibonacci levels, we can see that the 0.382 level precisely corresponds to the previous significant resistance, which has now become a support. I anticipate a correction to this level ($175-180) and then further upward growth. Furthermore, the weekly timeframe indicates that Apple is not slowing down. The chart shows a near absence of red candles, meaning that buyers have complete control over the overall bull market. 💹
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Market capitalization since 2018
In 2018, Apple became the first American company to exceed a market capitalization of 1 trillion dollars. This milestone was achieved due to the success of the iPhone and other company products. Apple also leverages its ecosystem and services, such as the App Store and iCloud, which contribute to its market value. 💰
In 2023, Apple surpassed another significant milestone and became the first company with a market capitalization exceeding 3 trillion dollars. This success reflects the ongoing popularity of Apple's stocks and the trust investors have in its portfolio of products and services. Apple continues to pursue its innovative approach and expands its portfolio with new technologies and markets, helping it maintain its position as one of the world's leading technology companies. 🚀
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Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈
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