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Breadth Indicators

SPY Swing Long on ReversalSPY dropped to a mid Fib level from the recent pivot high and bounced. Price is now rising in a channel predictive for a 1% rise tomorrow. The ADX indicator shows the negative direction reversed and now positive and rising out of the chop zone confirms the reversal as a solid one not a fake out as does the MACD with a crossover under the histogram I will trade this with strike 392 calls for expiration this Friday expectant for 25+% return in two days
AMEX:SPYLong
by AwesomeAvani
1
S&P 500: Will October’s Lows Be Retested?It’s common to hear strategists predicting the S&P 500 will retest its October lows. Today’s charts consider the big index to ask whether its technicals support such a deep pullback. First, the daily chart may have a basing pattern around 3,800. Also notice some potentially relevant candlesticks, starting with a hammer on December 22. The New Year began with an outside day (and false breakdown under 3,800), followed by an inside bar on Wednesday. That kind of price action may suggest prices are finding a floor. Second, the Relative Strength Index has been turning higher and is now above its RSI-based moving average. Taking a step back, remember that the index based at 3,600 as the fourth quarter began. Is it now basing 200 points higher as a new quarter begins? (Both times defying projections of a 3,200 floor.) Next is the S&P 500’s weekly chart. The 3,800 level represents a 50 percent retracement of the rally between early October and late November. It’s also near a monthly low from last May. In addition, the last three weekly candles have long tails, which may suggest buyers have defended lows. Finally, breadth appears to be strong. (The Advance/Decline line has continued to push higher and is back near its recent peak.) Of course, upcoming events like CPI on January 12 and corporate earnings are potential risks. But if the index holds its ground through those headlines, traders may find it’s already established a new and higher low. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
SP:SPX
by TradeStation
1
⚠️ SPY with OBV in bearish divergence📈 The chart continues with higher funds, but the volume does not follow this movement as demonstrated by the OBV. Which signals a bearish divergence. 🐻‍❄️👎 🤔 I believe there could be a spike just to liquidate the positions, leading to a big trap: 🛑 Furthermore, the OBV has just broken the white dotted line, entering the red zone, overcoming the fall of the Corona Crash for the worse: 🤥 That is, the price is higher than Corana Crash, but the volume is lower... ☁️The market can be manipulated by the big players with their Machiavellian plans and government artifacts, but volume doesn't lie!
AMEX:SPYShort
by andre_007
DAILY SECTOR WATCH🟢WEED STOCKS TOP 10 Teradyne Curaleaf Holdings Green Thumb Industries Trulieve Cannabis Corp Canopy Growth Corp Verano Holdings Corp Cronos Group Inc Tilray Brands Inc Cresco Labs Inc SNDL Inc 🔴CRYPTO COINS TOP 10 Bitcoin Ethereum Binance Coin XRP Dogecoin ADA Matic Tron Dot Solana 🟣INDEXES US30 S&P 500 FRA40 GER30 NTH25 ASX200 EUSTX50 JPN225 HK50 Banknifty 🔵SPACE STOCKS TOP 10 Iridium Communications Inc Ses Rocket Lab USA Inc Aerojet Rocketdyne Holdings Inc Viasat Maxar Technologies Eutelsat Communications Astra Space Inc Sats Planet Labs 🟤RETAIL FOOD STOCKS TOP 10 Kroger Company Albertsons Company Sendras Distribiduira S A Sprouts Farmers Market Grocery Outlet Holdings Weis Market Inc Ingles Markets Inc Arko Corp Companhia Brasileira De Distribuidao American Beyond Meat
CSE:GTII
by Honestcowboy
Ascending Triangle in Ralph LaurenAn under-the-radar trend in recent weeks has been strength in legacy retailers like Macy’s , Gap and Ross Stores. Today’s chart focuses on a potentially bullish pattern in peer Ralph Lauren. Notice the series of higher lows since November 10, when earnings and revenue beat estimates. There’s also a resistance zone around $104.50. The result is an ascending triangle, a potentially bullish pattern. Second, the top of the triangle is near RL’s previous peak in August (also following a strong quarterly report). This could make the current resistance area and triangle more important. Third, the stock is trying to push above its 200-day simple moving average. Next, RL is in the process of forming its second consecutive inside candle on the weekly chart. That also highlights its tightening price action (with subsequent breakout potential.) Finally, MACD has been steadily rising. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:RL
by TradeStation
1
Optimism poised for a 75% draw downTLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator As the chart shews both OPUSD and OPBTC both have great deal of hidden bearish divergence on the Log MACD (and histogram) as well as the RSI and Stochastic RSI. The Gaussian channel is pretty powerful as support and resistance and generally speaking I get excited to buy beneath a red Gaussian channel or when I see price action powering its way through. Not so much with OP right now, with the hidden bearish divergences. I expect the top of the channel will continue as resistance. Likewise the 100 Daily Moving Average is right above price action and I assume it will continue to act as resistance as well. The volume situation doesn't look good to me either. With price breaking out above the Value Area of the VPVR to create all time highs and coming back in on both OPUSD and OPBTC I think we are going to see more typical behavior and the value area will act as resistance, especially on OPBTC. The On Balance Volume has set virtually equal highs with this current peak and the peak from September. That is a sign of bullish exhaustion. It is also concerning that both the 10 and 20 SMA are below the 100. If the OBV regresses to the mean (the 10 or the 20) then that dip would get me deep into the money. Not all the way to target, but deep enough I can have a fairly profitable stop loss. Here is a similar move on Matic over two years ago where Matic dupped and took out what looked like strong support at the 0 line before rallying up to just above the 0.618 retracement before crashing. From there it went 400x If OP has a similar run then I will be quite pleased. Also, if OP crashes down to about the 0.28c I will go in full accumulation mode and hopefully we will see it run in another year or so. Macro I still think a lot of the equities indices are mostly done with their downside. I also like a lot of the "OG" crypto currency coins like XMR, Dash, XPR, BCH and I think a lot of the nu-crypto coins that were the top runners of 2021 are going to crash at bit more before going into long consolidation. That is a lot of moving parts for me to hopefully get right.
Short
by This_Guhy
1
Is software ever coming back? $DV is leading the recoveryDoubleverify Hldgs Inc help brands improve the effectiveness of their online advertising. I bought half a position and so far the price hasn't under cut its support at $25, just were my stop is. For me this is a really good sign, considering what the SP:SPX is doing. The bad thing is that the OBV and ROC is signaling a bearish divergence. If I had full position I'd have cut it in half. So, as long as it doesn't break from the $25 support I'll hold my position. If price goes above $29.50 I'll add more.
NYSE:DV
by dpuleo19