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Breadth Indicators

Weekly TTM Squeeze SetupSo, assuming this weekly candle holds up, ENPH has a really nice TTM momentum squeeze setup on the weekly chart. For comparison, the last time ENPH had a squeeze breakout like this was July 2014. Here's the chart: Over the course of ten weeks, ENPH ran from sub 10.00 to a high of 18.00! Past performance in no way guarantees future results, but the point is that if you trade a a squeeze breakout on the weekly chart, you can really make some money. And the setups are very similar between July 2014 and January 2019; ADX below 20, RSX above the midline but below the oversold line with a strong upward direction. The RSX for the current setup is less oversold than the the start of the July 2014 breakout, so there's an argument that this one may have even more "juice" than that one. I predicted we'd see 6.75 by the end of January and we hit it a couple of weeks earlier than I expected. I predict that this setup breaks 8.00 before the end of March.
NASDAQ:ENPHLong
by LDC870
Textbook TTM Squeeze SetupWe had tight squeeze, and yesterday's price action started rapidly expanding the Bollinger bands. Wave A and Wave C are both positive. ADX appears to have turned the corner so we should expect some increased volatility, and the trend tells us to expect that volatility to be positive based on the waves and the RSX. The RSX shows a clear upward curve, having just bounced off the mid-line, and the RSX shows clear "stair stepping" with higher highs and lower lows over last two cycles. I'm in at 1.642 with a target of 2.40. Will reevaluate trade if the daily candle breaks the green support trendline.
MLong
by LDC870
FPAY Squeeze UpdateThe spread has tightened up over last three trading days into an ascending triangle. Squeeze remains released on the daily chart with positive momentum. On the 30-minute chart, TTM squeeze is on and should break one way or the other today. On Friday, asks in the mid-80s had dried up. The C-Wave looks pretty good on this one, so my guess is it breaks up today or tomorrow. Once this breaks 0.88 it should hit next resistance at 0.95 and then 1.08. These low floaters can give lots of false signals throughout the day. So long as the longs keep holding, the bids will eventually have to break resistance. Expecting PR any day now for the December lease originations update.
NASDAQ:FPAYLong
by LDC870
1
RKDA TTM Squeeze Setup Squeeze is currently on. Volatility bottomed out recently (see ADX) and is turning upward. RSX is trending upward, which tells us momentum is bullish and we'll want to go long. The Bollinger bands have started to expand but haven't eclipsed the keltner channel yet. The bullish tail on yesterday's candle and the close just below the upper Bollinger band provide some confirmation that RKDA is setup nicely for a TTM squeeze. I entered yesterday at 4.30 avg. Accumulate while the squeeze is still on or just after release and ride the trend on the upper BB until the momentum shifts. It should be an easy ride up to 5.50-5.75, which looks like the first level of sustained resistance.
NASDAQ:RKDALong
by LDC870
JSE:J200 Number of Stocks in Top40 Above Moving AveragesI coded this indicator for the JSE. The indicator gives the percentage of stocks above its moving averages. We see that the JSE has less than 20% of the stocks above its 200 Day SMA and about 50% around its 50 Day SMA. If we look at previous analogs at the start of the trading range there was a declining trend in the 200 SMA but inclining trend in the 50 SMA which lead to some recovery. However, currently the 200 SMA is declining but the 50 SMA is not printing higher highs which seems to indicated continued weakness.
JSE:J200Short
by SteynTrade
BTC/USD 1H/1D charts (11/26/2018)Good morning, traders. Welcome to the final week of November. Over the holiday weekend we saw Bitcoin find a low of $3474.73, which was around the equilibrium of the 1M zone, and bounce for almost $600 so far. That's about 17% with some possible higher highs lining up. I am looking for price to target the $4500 area, with some expected resistance around $4340 and a secondary target of the equilibrium of the grey box at $4800, if it can break the swing high of $4120. If price breaks the swing low at $3474.73, then it is much more likely to target $3000. The descending dashed red line is the most important local resistance that price needs to break in order to see price head higher. The 1W saw RSI print a low of 31.45, just above oversold. Currently it is sitting at 30.7 and the 1W S1 pivot is noted at $3200. Yesterday's 1D candle, coinciding with the weekly close, started well but ended under selling pressure meaning rather than immediate upside bias, we should be expecting some sideways movement as buyers and sellers battle it out. This is exactly what has been happening since yesterday. It doesn't mean that price won't go up, only that it will take more effort from the buyers if it is going to do so. The 1D shows price printing a channel within a possible a descending broadening wedge. The channel is about $1300 wide, so we should expect a target of $1300 above the point at which price exits the channel's resistance. Volume has tapered off on the drop suggesting that sellers are exhausted which is to be expected since 1D RSI has been oversold since November 14th. 1D OBV has continued to move higher, since its low on November 20th, as price has continued to drop. As always, smart money volume precedes price so the expectation is that we should see price reversing sooner rather than later. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
2
From A Tremor To An Earthquake? Who Woke The Bear.As the Federal Reserve continues to tighten monetary policy by hiking interest rates, we are seeing tremors in the stock market.  Sometimes tremors are the prelude to a full earthquake, but often not.  We are in our 11th year without an earthquake, but we sure have had a few tremors since then.  July 2011, July 2015, January 2016, Feb 2018 and of course now October/November 2018.  The wisest economists attribute it to the Federal Reserve and it's is hard to disagree.  Our roundup of expert opinion on "Trumps stock market rally" revealed some interesting insights about the Federal Reserve rate hikes that are believed by economists to be scaring the markets. I argue that our western economies have become Fed Rate Intolerant (FRI).  Over the last 30 years, the peak at which rate hikes have triggered earthquakes has gone from 10% in 1988, to 6% in 2000, to 5% in 2007.  By that rationale, rates hitting 3% now could cause the seismograph to wobble, and we are two-thirds of the way there already.  I mean could you even imagine a base rate of 5% today.  This would mean you would have to pay 7% interest on your house.  It would translate into a real-estate and stock market catastrophe.  The last 20 years have driven huge improvements in the quality of life of all of the free world, and improvements some dictatorships e.g. China, Jerome Powell, do you want to throw that away?
SP:SPX
by liberatedstocktrader
18
BTC/USD 15 min/4H charts (11/14/2018)Good morning, traders. Binance completed the update to its platform overnight and Bitcoin price continues to feel pressure. With CBOE expiry later today, traders must remain vigilant if they are interested in trading this area as we could likely see price pop up at/near that time. However, we may see more movement down toward $6100 first. Notably, 1D OBV has continued to rise as price has dropped since the October 11th Spring/TR low. Remember, price follows volume, so with OBV continuing to rise it should be expected that we will see price do so as well. The 15 minute MACD is printing bullish divergence as I write this. RSI is dipping back into oversold as well. Price has now printed a likely descending channel from November 11th through today and price is bouncing off the bottom as it creates that bullish divergence. Traders should watch for a breach of the descending black dashed line and then the descending blue dotted line. Breaching those should have price targeting the top of the descending channel, and of course a breach and close above that should have price targeting the top of the black TR around $6450. The 4H chart shows the potential for price to fall to around $6025/30 before heading up based on the largest width of the blue descending wedge. If so, then it would likely stretch RSI strongly into oversold on many TFs thereby resulting in a strong rebound. If the 4H candle at that time dips below the October 10th low and then closes above it, that will create an SFP (swing failure pattern) and we should expect price to rebound. Ultimately, we are watching for price to push through the upper black horizontal line which denotes the top of the resistance area at the $6800 level thereby creating a show of strength (SOS). The expectation at that point would be retracement and consolidation around that upper black horizontal line (possibly printing a pennant) in the form of a "back up to the edge of the creek/last point of support" (BUEC/LPS) followed by another SOS above $7000. If that SOS-to-BUEC/LPS prints a pennant around $6800, then at this time we can expect a target of around $7600 when price breaks the pennant's resistance. This would complete the complex fulcrum and should signal the bull market is likely in effect. Remember, a breach of $8500 gives us the higher high that we've been waiting for and would likely be a strong buy signal to many traders sitting on the sidelines. After that, $10,000 becomes the next signal, and then of course the February high around $11,780. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
6
JSE:FSR First Rand New Re-accumulation RangeFSR has a similar structure to RMH (See link below). FSR has also found support at the previous accumulation range and the Yearly Pivot Point. With the Rand (ZAR) strengthening (See link below) this also provides support. The high volume after the breakout can be seen as a Buying Climax (BC). The bottom of the range provides support on higher demand volume. We have now tested it again and the OBV is indicating the upward pressure. Will be looking for a test of the top of the trading range.
JSE:FSRLong
by SteynTrade
BTCUSD 15 min/4H charts (10/31/2018)Good morning, traders. My Internet appears to be stable this morning so far (still waiting on the tech) so I will be attempting to live stream at 10 a.m. CST per my usual schedule. Price has continued to tighten the range it has been trading in for the past two days creating a symmetrical triangle. As these patterns have no bias, traders should be ready for a move up or down which is likely coming by this afternoon unless price just moves sideways out of the triangle and continues to range. Based on the size of the triangle, a move up should initially target the 15 minute R3 pivot around $6341-$6367 and put price back into the blue 4H TR. A move down should target the S3 pivot around $6194. The triangle structure, itself, is not ideal as price has spent most of its time in the middle of it rather than fully moving between the resistance and support. This is why I mentioned that price could just continue moving sideways out of it rather than exploding up or down. Overall, volume is muted but if we zoom in we can see that it has begun rising over the past 24 hours The 15 minute OBV started rising a few hours ago and is working its way to the top of the descending channel it has been in since Monday morning. A breach to the upside would be bullish on this TF and may signal a larger move up on the larger TFs. MACD recently broke to the upside of its histogram's symmetrical triangle and RSI is bullish at 53.6. The 4H OBV is currently breaking bullishly out of its own descending wedge, MACD is about to cross bullishly over the signal line, and RSI is sitting just above oversold at 32.7 after having fallen into it. While there are never any guarantees in trading, these things together do appear to be signalling an impending move up. Howevever, this 4H candle has only just begun so there is a lot of opportunity for all these signals to revert to bearish. The 4H candle must close higher to set bullishness in motion for the near-term at least. Overall, price remains within the larger two-month-old black TR between $6095 and $6587. Once price moves through the resistance or support of that TR, I will evaluate the movement to decide whether I will enter at that time. Until then, all this little movement is nothing more than noise with a risk that is far too great in exchange for any reward for me. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
1