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ETF

GDXJ: Shilly-shally…GDXJ is still hesitant to finally complete wave ii in magenta and is turning downwards again. As it can, of course, use the whole magenta colored zone between $37.26 and $24.77 to finish the overarching downwards movement, we give the ETF some more time to get its work done. However, as soon as wave ii in magenta is through, GDXJ should veer to the north, crossing the resistance at $36.58 and heading for the next at $51.92 from there. A 40% chance remains, though, that GDXJ could break through the magenta colored zone and drop below the support at $19.52, thus triggering further descent.
AMEX:GDXJ
by MarketIntel
LABU 3X LEVERAGED BIOTECH ETF on support for LONGAMEX:LABU LABU a 3x leveraged EFT in the biotechnology sector has diverse holdings. My thesis is that biotechnology and healthcare are relatively unhinged from the broader general market. On this 15 minute chart, consolidation at support is seen in July, Price then rapidly rose into a triple top in mid-August followed by a descent into a double bottom at the support level. This is a leveraged ETF with good volatility which can be traded. The volume profile of July through mid-August sets a POC as 8,65. This is the best support level within the zone. In the same fashion the volume profile of mid-August through the present sets a POC at 12.45 which is the bottom of the resistance zone. The spread is approximately 40% upside over perhaps two weeks of the expectant uptrend. The zero-lag SMA / EMA oscillator is showing green at its most recent print with an uptrend noted. I will take a trade in a call option with a strike 20 % higher than current price given the potential immediate upside of 40%. I will select an expiration in 4-6 weeks and hope for a 100-200% return.
AMEX:LABULong
by AwesomeAvani
5
SPY S&P 500 September is historically the worst month for stocksTwo months have delivered an average negative return for stocks since 1945: February and September, the latter being the worst. Economic context: Russia will not restart gas supplies to Europe through a key pipeline until western sanctions are lifted. OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day. August 2022 CPI data are scheduled to be released on September 13, 2022. Fed’s next scheduled monetary policy meeting takes place on September 20-21. Depending on how inflation is trending and how the jobs markets and overall economy is looking we expect a Fed Rate Decisions of 50bps or 75bps hike. The crypto market context is not good either. Ethereum network’s security and performance could be negatively impacted by the upcoming Merge. Taking into consideration the information above, my price target for the SPY ETF is $374. Looking forward to read your opinion about it.
AMEX:SPYShort
by TopgOptions
4
BTC USD 1137 Final Target Hello Traders I have studies BTC for while and i remember my self saying from 2020 December Price will fail , BTC has Respected all Market structure and now we are in pre final fall 1rst target around 9960 then price will react and behing left FAIR VALUE GAP or FVG value of interest arount 35k price willBounce and Media will react news anywhere when touchet 35k they will sell again from new LL remmeber 35 expetced to be LH and price will break LL previews 9960 then price will colapse to 1337 for Final Destination , good luck new world , GSNARKS1
COINBASE:BTCUSDShort
by gsnarks1ghost
Vietnam ETFSouth East Asia Emerging market :Vietnam Sign of uptrend holding -Candlesticks moving above MA200. Challenged MA200 and continue moving above it (circled) -Uptrend Line B 1:1 Fib extension of uptrend line A, similar magnitude within a shorter period of time(represented b the dotted line) -Retracement R1 which from Higher Low (HL) : Retrace 0.618 fib of Line A. -Retracement R2 which from Higher low (HL2): retrace 0.5fib of line B -Challenging the ichimoku cloud soon volume indicator fail to provide much information
LSE:XFVTLong
by Inquiring_H
GLD: Cooling off 💦It is still summer, so no wonder GLD wants to refresh itself in the upper blue zone between $163.03 and $160.17, into which it has leaped so enthusiastically that we have to wipe droplets of water from our faces, watching the chart. Here, GLD should now finish wave (ii) in blue before resuming the overarching upwards movement. However, as part of our secondary scenario, there is a 40% chance that GLD might need more refreshment and thus could jump below the support at $158, diving into the lower blue zone between $159.23 and $152.88. There, it should then do a lap to complete wave alt.(4) in yellow before rising again.
AMEX:GLD
by MarketIntel