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Market Bias & Favorite Ideas - 9/29/2022Market Bias: Chop. Favorite Ideas: Long - FCX, AA, PLTR, CENX. Short - KMX, RAD, STLA, STM, AMPS The SPY looks like it may just chop around and have an inside day. There is a lot of support below and lots of selling pressure above. It is tough to say which direction this will go but if I had to lean to one side it would be bullish. This market still has not corrected from the recent move lower so it should continue to that via price (bullish) or time (chop).
AMEX:SPY
by JLaing
Market Bias & Favorite Ideas - 9/28/22Market Bias: Bull chop Favorite Ideas: Long - LLY, SAVA, NFLX, JNJ. Short - AAPL, SAND, MT, QCOM, TSM The SPY is at resistance near the 360 area which has held the past three days as well as back in mid June. I think it is more likely that we get a bounce before breaking down lower. The bounce will not be smooth however as 370 has been sold into heavily for the past two days. The SPY looks higher in the pre market. Be careful off the open and let the market show you its hand. Remember, Money Management is your #1 job!
AMEX:SPY
by JLaing
Already bullishHey everyone, I saw an opportunity here, and I felt it is important to share it with you. Looking at the H4 chart, I saw a rejection of the support that we are on (and that I talked about yesterday, link down below) and the price looks like going to close above the trendline that I drew on this chart. If it does, it means that we were (and we are still in) in a demand zone and we might see some bullish moves. I could confirm this bullish bias by looking at the H1 timeframe, where there is a double bottom and liquidity has been removed from the last low. Most probably we are going to retest the last high as support. I really see potential here because I saw this pattern a couple of times in the past.
Long
by yassin_khanji
XAUUSD Analysis Price seemed to be exhausting, failing to make a close above 1782.80. A great indication that price would be reversing. My confluences to enter the trade: Prices closing below resistance zone at 1782.15. Spinning top at the top of the trend on the 5 min TF, followed by a bearish engulfing candle. My last confluence to indicate a great short position is price breaking and closing below 1781.80. Entering at 1781.80 Holding this position to 1772.95 Risk Reward: 35:1
FX:XAUUSDShort
by KeyTrades17
1
When The Direction Is Unclear, Change Your Perspective (BTC) The initial descending wedge I noticed in my previous BTC idea turned out to be part of a much larger wedge on the daily chart, which is quite hard to notice, unless you flip the chart upside down.. If your bias does not change, then you're looking at it wrong.. BTC is 'bearish' to those who haven't changed their perspective while looking at the chart.. And by doing so, a hidden trend is revealed... If this pattern played out in a normal situation, you'd expect the exact same thing to happen as indicated by the chart, however, notice the scale, it's inverted :) Now... When you flip the chart back to normal, it reveals a pattern that really should be 'obvious' but it's quite difficult to remove the 'bearish bias' that most have, which is preventing them from seeing the large wedge on the daily chart... Now that everyone is fearful, Smart money is acting greedy with regard to BTC... BTC is deceiving us all.. It is silently mooning... Big money needed time to join the market...And their time is running out... Get ready for the 'dump' (Actually means pump given the inverted chart)... I've included an initial expected target upon breaking this major wedge & will re-assess once we've reached it. Stop-loss also added in event pattern is invalidated. Previous BTC ideas below: Good luck everyone, & good trades be with you. *Ticker symbols below, ignore these* INDEX:BTCUSD INDEX:SATSUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD BITTREX:BTCUSD BNC:BLX NASDAQ:BLX BINANCE:BTCUSDT KUCOIN:BTCUSDT BINANCEUS:BTCUSDT COINBASE:BTCUSDT BITSTAMP:BTCUSDT POLONIEX:BTCUSDT
INDEX:BTCUSD
by RandomOracle
22