AAPLAAPL was trading nicely in its 128,33- 182,63, and as we know most Breakouts fail will we have to wait if this breakout is succesfull. How? Enter the Pullback not the breakout.
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Centered Oscillators
DXY 4H / DAILY RSI fib 144 AnalysisThe DXY is at a major crossroad. If Inflation report on the 10th is less than expected, then I expect they DXY to continue in a bearish direction. I am neutral here.
The RSI is showing desperate bulls. If the inflation report is lower than expected. Look at chart for fall back zone to rebuy if you are still bullish on the dollar.
Just to let you know, this will have major implications with the future of BTC's next bull run.
Good luck
TMV leverage inverse ETF for treasuries SHORTTMV on the one-hour chart tested two standard deviations above the mean VWAP in
both late May and early July it fell to one standard deviation below VWAP but then rose
sharply into beyond the two standard deviations line ( thick red ) ascending into a YTD high.
I believe that this is due to the recent federal debt creditworthiness downgrade.
The threatened rise of BRICS reserve currency and potentially adversely affects the
value of the dollar ( DXY) while supporting gold prices. I see this as a good continuation play
no matter the overextension of price. Both the dual MTF and the zero lag MACD however
suggest a pullback. The mass flow indicator does as well. As a result I will look at TMF
to go long trusting the indicators to give me a directional bias.
TMF ( 3X Treasuries)beatdown completed reversal underway LONGOn the one-hour chart, TMF a triple ETF of long-expiration treasuries has finally
completed its downtrend or ten days given more bearish momentum with the federal
debt downgrade of creditworthiness as well as the rise of BRICS as a reserve currency.
Three indicators show bullish divergence with a MACD cross under the histogram. The
30 minute RS line rising before the 2 hr RS line reacts and importantly a mass index
signal rising into the reversal line and then a drop. While none of this is a Holy Grail,
I am confident that the bias here is bullish. I will trade long if you are interested in
the stop loss and targets let me know. If you would lke my idea of an options setup, let
me know as well. If this idea is helpful, please like and subscribe. Trade well !
BTCUSDT next demand zone aheadThe current price action is aiming the next demand zone as shown on this 30m chart. That impulse bearish movement, as expected, based on Elliot Principle, is about to happen. Bearish divergence on Chaikin Money Flow.
Apple Gapped Lower. Now What?Apple gapped lower on Friday thanks to a ho-hum quarterly report. Is it an opportunity for longer-term buyers?
The first pattern on today’s chart is $182.94, the previous all-time high from early 2022. AAPL challenged this price on June 5 after unveiling its virtual-reality headset but was initially rejected. The stock kept pushing and made new highs a couple of weeks later. It also bounced at the same level in late June, turning old resistance into new support. Traders may look for entries in this area over the next week.
Second, the current drop represented the first break under the 50-day simple moving average since January.
Third, stochastics have dipped into oversold territory.
Finally the calendar has potential importance with new iPhones expected in September. That could also keep buyers interested over the intervening weeks.
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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 .
SQ WVAP Breakdown into Earnings LONGOn the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into
a drop this week to earnings which were a 7% beat on earnings. MACD lines are about
to cross. he lower RS line in green is showing bullish divergence while the mass index
signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or
flat candlebars at the end of the price action show the reversal is impending.
I see this as a fade into good earnings worthy of a reversal long and so I will take that trade.
TSLL - a leveraged TSLA ETF sitting on dynamic support LONGTSLL moves more than TSLA as it is leveraged. TSLA is volatile for a large cap and
TSLL is TSLA high octane verison. TSLL on the anchored VWAP bands has bescended
into the undervalued and oversold zone supported by teh thin red line the second
standard deviation below VWAP. It hit a pivot high in early July hitting the thin red
UPPER VWAP line about the, I analyze a reversal is coming with the final leg down
coinciding with the general market moves this week. Price is obviously below then
mean VWAP and the POC line. I think the rubber band effect and bargain buying will
propel it upward as may and short sellers liquidating their positions. I will take
a trade of a fiar amount of stock shares as well as entertain some call options.
If a trader is curious to my levels of interest leave a comment.
SILVER / XAGUSD I am BEARISH! Sell
This week fundamentals are very bearish for Silver.
Analzing the indicators, I got a very strong bearish confirmation.
Also, the bearish engulfing candle on 12H time frame increases
the chances that sellers will push the prices low.
Target Level - 23.5
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Delta Is Trying to Hold a Key Level
Delta Air Lines rallied in June as travel recovered leading into the summer. Now after a period of consolidation, some traders may look for the uptrend to continue.
The main pattern on today’s chart is the $46.30 level, the high during all of 2022. DAL broke above it after raising guidance, tested it on July 14 after reporting results and is trying to hold it again this week. Successfully bouncing here could suggest old resistance has become new support.
Second, current prices are at the lower Bollinger Band. That volatility-based range may suggest that odds favor a move higher.
Third, the stochastics oscillator is nearing oversold territory.
Finally, time could be a consideration. DAL has gone four weeks since breaking out. That healthy pause with virtually no profit-taking may suggest buyers remain in the pilot’s seat.
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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 .
NFLX is rising from supportNFLX on the 2H chart is rising with the shortest EMA rounding up . Price is now above the
POC line of the volume profile showing buying pressure has extinguished bearish momentum.
The RSI indicator shows RSI to have trended down into oversold territory. Fundamentally,
NFLX revenues have increased with the household password crackdown. Traders and investors
have noted that. I see NFLX as setup for a long entry. I will determine the best entry on
a lower time frame either 5 or 15 minutes. I see targets as 485 and 560 based on horizontal
resistances on the 4H and daily charts and so a good potential reward compared with the
risk of a stop loss at 416 set below the POC.
Is QQQ ready to continue after a minor pullback?On the 4H chart, QQQ has been in a trend up for the entirety of this year
reaching 42% YTD. Of late, QQQ has had a 2-3 day pullback correcting
a decent uptrend over the prior week. On the Relative Trend Index,
while the signal is below the mean line, there is all the more upside
and the overall trend is positive. The dual time frame RSI shows weekly
RS high and steady over 80 while the lower time frame of 3H as the blue
line fluctuating between support at the 50 level and 80 and presently
a 50 in the pullbck. I analyse QQQ as ready to continue its overall
trend up. I will take out additional call options for a strike of $385
to expire on August 18. Over the past day this option gained 33% and
had a bid/ask spread of about 1%. I will set a stop-loss of 10% while
anticipating a profit of 150%. Once hitting the anticipated profit before
the expiration date I will take one-half of the contracts off the table
and close the rest 1-2 days before expiration.
BNBUSDT up-to-date expanding endingJust updating that 30m chart, in which price action (micro triangle break) seems to be igniting the terminal leg downward v of the impulse wave 3 inner a right-angled structure, likely an expanding ending diagonal. Plus hidden divergence on Chaikin Money Flow.
BNBUSDT up-to-date potential expanded ending diagonalPotential expanded ending diagonal scenario for this asset. Price action is likely heading downward to made an interesting and profitable 3th wave of the expected bearish impulse wave 3 of that triangle / megaphone hypothetical scene. Key levels for watching on that 30m chart, plus Chaikin Money Flow divergences. Bear flag breakdown expected for soon on 4h chart - linked below.
Netflix: Sizing Up Levels After EarningsNetflix rallied into quarterly results last week, only to fall on weak revenue. Today’s chart considers some potential points for dip-buyers looking to add the streaming giant.
First you have the rally that began on May 18 after strong demand for its ads in an “upfront presentation” to Madison Avenue. Retracing half the move would bring the shares back to roughly $412.50.
Next, that level is near the low on June 27. Traders may look for that price area to be retested as support.
Third, the 50-day simple moving average (SMA) is rising into the same zone.
Combined, those three points could represent triple convergence.
Stochastics are also oversold. That isn’t bullish per se, but it may attract dip buyers given NFLX’s recent surge.
Finally, you have tomorrow’s Federal Reserve meeting. Stocks often freeze before such events and then swing sharply. Will such volatility bring prices back toward $413 zone, followed by continuation to the upside?
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 .
Snap May Be Vulnerable as Earnings ApproachSnap has moved sideways for a year, but some traders may expect its prior downtrend to resume.
The first pattern on today’s chart is the series of bearish gaps following the last four quarterly reports. The social-media stock held its ground after those drops -- probably because it had already lost about 80 percent of its value in the preceding nine months. But now it’s had an entire year to consolidate.
Next, SNAP rallied about 75 percent between early May and mid-July along with the Nasdaq-100. Does that create space to the downside?
Third, Wilder’s Relative Strength Index (RSI) just hit its most overbought level since October 2020. That may represent a peak.
Recent sessions could also be viewed as a top, with a shooting star on July 13 and then solid candles as intraday highs got sold. SNAP ended that phase by closing below its 8-day exponential moving average (EMA).
All these points may be important with earnings tomorrow afternoon.
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 .
BITCOIN BTC/USD Bullish Movement Ahead of FED
I strongly believe that Bitcoin will be bullish next week.
The market is currently testing a solid demand zone.
From that I will expect a bullish movement at least to 30760
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Is the S&P 500 Nearing a Top for Now?The S&P 500 has enjoyed a strong run with new 52-week highs for six straight sessions. But some traders may consider waiting for a pullback -- especially with the Federal Reserve meeting next week.
The first pattern on today’s chart is Wilder’s Relative Strength Index (RSI). It moved back above the overbought threshold of 70 this week. While frequent overbought readings can reflect a bullish market, they can also represent moments of overextension, like mid-June, early February and last August.
Second, prices have pushed above the top of the Keltner Channel. Some investors may prefer buying inside these bands.
Next, the bottom study includes our Distance from MA script . It shows SPX is almost 6 percent above its 50-day simple moving average (SMA). While not a record, this is also near the top of its long-term range.
Finally, Cboe’s volatility index (VIX) has held the February 2020 low of 13.38 all month. This may create the potential for a modest increase in fear and selling pressure in SPX. (See below.)
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 .
BNBUSDT update 4h - BEARFLAGBNBUSDT bearish scenario on 4h chart. Price action expected as a bear flag pattern breakdown, plus reciprocal AB=CD harmonic pattern plus Chaikin Money Flow bearish divergences in confluence w/ greater demand zone.
NFLX builds more momentum LONG for nowNFLX has been trending up for three weeks. If the trend is getting old it is now showing.
Based on a set of two anchored VWAP bands originating June 1 and June 15, Netflix is
breaking through VWAP bands from the lower -2 standard deviation lines to the +2 standard
deviation lines and nearly the third upper deviation lines. This is a clear and convincing
VWAP breakout with buyers in overwhelming control Trading volume today is about 4 or 5
times the running average and about 1M. Volume support for price action is obvious.
The dual time frame RSI shows 1 hr TF RSI (blue line) shot up crossed over the daily TF RSI
(black line) and is retreating a bit. The daily RS is below 80 and still trending up.
The MACD shows a classical bullish momentum pattern with the lines well above the histograms.
Overall NFLX has the risk of overextension and possible topping with a fade afterwards.
The mass index indicator shows a value into the reversal zone but until the value rises and the
drops to 26.5, the trend is still intact. I will take a long trade here, hoping for a quick
5% ROI between now and the end of the week and about 50% on an options trade with
a strike of $500 expiring July 28th which I will close upon a confirmed reversal and use
the profits realized therefrom to buy a put option to take a ride down.
Eth shortEthereum is in a downtrend that continues until the price of $850. Buyers are trying to push the price above $1900, but now the power is in the hands of sellers, and those who entered the short trade at the price of $2000 are holding the trade. Thus, the first strong support of Ethereum is at the price of 1836. which will be touched soon. And this price is a good time to enter a long transaction. And it will continue until the price of 1888 dollars to 1900 dollars and gradually we have a fall to 800 dollars. be successful and victorious.
GOEV pulled back and is re-entry ready LONGGOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled
back for two day before a huge momentous move up on Friday July 7th. where it moved
from the support of the mean VWAPs anchored in mid June into overbought territory
two standard deviations above that level. On Monday July 10, price dropped precipitiously
back to those mean anchored VWAPs. The past day was marked by sideways consolidation.
The volume profile shows the heaviest trading volume at just below the VWAPs which is
cross-validating. The Chris Moody MTF RSI indicator shows the lower TF RSI in the past day
has crossed above 50 and now at 60 meeting the higher TF RSI. The zero-lag MACD has the
lines crossing over the zero horizontal line and parallel suggesting a bullish continuation.
Overall, I see a long trade setup with possible significant price movement anticipated perhaps
in the range of 20% targeting the pivot high last Friday.
Dow Jones Index / US30 Time to Sell, Traders!
Dow Jones retested the monthly high.
The price set a lower high then and the Friday's NY session was very bearish.
The index will certainly drop next week.
Target level - 34300
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