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SQ Enters Chop Zone. Week of 1/21/19 Key to Near Term Targets.Log chart broken down on a weekly scale then zoomed into daily for near-term analysis. As you can see, both RSI and price have entered, or will soon enter a chop zone that will determine whether it tests the upper DTL (85), or breaks down to re-test the lower DTL (64). Resistance near 73 will be the key indicator. If price action blows through this line, we can expect to extend into the upper area of the chop zone. Otherwise, supply in the lower area should prove difficult to overcome until e/r. Obviously, breaking 64 is the worst possible outcome for bulls.
NYSE:SQ
by axelroark
Dax Short Analysis After the possible head-shoulders identified a few months ago and completed in December, now it seems that the price is trying to rebound and enter the channel between 10900 and 11200 points. The last obstacle is the resistance of the 10900 (too hard to break up in this moment). The main trend remains strongly bearish and we do not exclude that over the next few months we can see the price break down 10,000 points. On this index the best entry is a short position after the resistance area at 11200 will reject the extension attempt; if this did not happen and the price immediately started to fall, we will try to find the best level to enter the market. Join us for further analysis on: Instagram: www.instagram.com Telegram: t.me Facebook Page: www.facebook.com Web: www.bfcminvest.com
INDEX:DEU40Short
by BFCMInvest
SPX (S&P 500), Daily Chart Analysis 12/16Technical Analysis and Outlook The index closed down sharply lower over 50 points on Friday, in the process destroying Mean Support 2633 which was part of Stage 1, revisit the Key Support 2583 as well as Inner Index Dip 2584 is not out of the question at this point. However, without giving it all out, there's a particular market symmetry to precisely how this postulated Trade Selector Signal system price-action-time-visibility at work in the markets. And in line with our thinking, our projected outcome while back flagged that the S&P500 will trade down to Outer Index Dip 2527 by the end of this week. On Monday, trading might go one of two ways: One scenario is that the Federal Reserve could get involved in a 'big' way and shove out more than enough money via their N.Y Fed trading desk to continue to make an effort to steer clear of connecting with Key Support 2583/Inner Index Dip 2584 . And the second possibility might be a Monday late-session rally so that the 'big money' will be able to keep on selling early in the session to weaker hands by pulling something like a minus 500 opening downer. See 'Market Commentary', and a new Article 'Euro To Dollar Seasonality: Which Will Prevail?' Highly recommend, giving it a read: See 'Blog' Tab.
SP:SPX
by TradingSig
3
Straits Times Index (STI) [1-3 weeks view] ++Long with good conviction (++) Buy on dips above 3020 Stop Loss: 2960 Take Profit: 3350 Weekly Price reacted above 2960. RSI also reacted above support where in the past price has bounced before. RSI also surpassed descending channel resistance. Daily Price and RSI shows a weak bullish divergence RSI also testing 50% level. 2960.00 is the key support level to hold. It has also been found as a fractal level multiple times. If market were to break below, we would see a much deeper drop towards the 2522 region. A drop towards the 2522 region is set to put Singapore's market in a recession. Overall a good conviction trade due to indicator breakout and price reacting on key support level. Risk/reward ratio is beautiful too! Cheers.
TVC:STILong
by laughingchartist
USDCAD FINAL DESTINATIONNot much to say here!!! check out the linked (related idea) for a full overview of this trade and why its time to buy now. But basically, based on my last analysis for USDCAD the price broke the 1.3150 supply just like I had projected, went all the way up to around 1.3250, 100pips away from our final target, and came backdown to our 1.3150 (now) demand zone to retest, in confluence with a 50.0/61.8 retrace before heading back up to our final destination at 1.3350. SL @1.3110 (-40pip) TP @1.3340 (+185pip) Risk/Reward Ration = 4.64 win almost 5x what you are risking. Great trade setup! TRADE AT YOUR OWN RISK I AM NOT YOUR FINANCIAL ADVISOR. USE PROPER RISK MANAGEMENT! GOOD LUCK! ;)
Long
by TrueGoatTrading
VIX Surge Is a Wake-Up Call for Investors!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - M Timeframe - 6-12 Months Actions on - A – Activating Event The CBOE Volatility Index is creeping higher and starting to find support at the @20 level!. B – Beliefs The Financial Crisis in 2007 - 2009 we saw the VIX move rapidly towards the 61 level. Slowly we are heading in the same direction and maybe using @20 level as a launch pad. Is history repeating itself? Time will tell, however i do feel that way CBOE:VIX Happy trading. Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
CBOE:VIX
by SMPTrader
8 of world's 10 biggest companies are americanHere is something I never posted about, I am sure I mentionned it but did not allocate more than 1 line to it. Here is the top 10: Apple Alphabet Microsoft Amazon Tencent Holdings (social media, microtransaction infested mobile games, league of legends moba, etc) Berkshire Hathaway (Warren Buffet financial holding company) Alibaba Facebook JPMorgan Chase Bank of America Mainly famous names, except perhaps the 2 I described between parentheses. Let's look at the past. Back in 2007 the super high market cap podium was full of european companies. etc... Back in 2000 if you do not know already, the uber-cap were the overvalued "infinite productivity" revolution us tech stocks. Back in 1990 the uber-cap club was full of Japanese companies (Satoshi...) In 2018 8 of the world's 10 biggest companies by market cap are american... I wonder what could go wrong? BITCONNNEEEECT! Forums & social networks are full of bagholders reassuring each other, and "buying more" and "selling my house to buy the dip this company is extremely undervalued". RIIIIIIIIIIIIIIP. Just go take a look.
TVC:DJI
by MrRenev
EURJPY Threatens Further Bullishness On Recovery Higher EURJPY threatens further bullishness on recovery higher. This is coming on the back of its flat close the past week. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. On the upside, resistance resides at the 129.50 level. Further out, we envisage a possible move towards the 130.00 level. Further out, resistance resides at the 130.50 level with a turn above here aiming at the 131.00 level. On the whole, EURJPY faces further upside threats towards key resistance.
Long
by FXTechstrategy
6 Things That Separate The Pro From The Amateur Trader!! Ben SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY 6 Elements of a Successful Trading Plan 1. Test The test is considered as the start-up element of the successful trading plan. It refers to the successfulness or failure of any currency involved. In most organisations, time is the primary driver for assessing execution. The assessment period is constructed with respect to the quantity of exchanges put and not by the measure of time passed. You should distinguish the correct number of exchanges for the assessment, however, this number should be sufficiently high that an individual has a nice example set, yet sufficiently low where it keeps you from going on a damaging exchanging. More elements will follow... Like, share, Comment and follow us to keep updated on our professional trading ideas and education :) Follow your trading plan, remain disciplined and keep learning :)
TVC:GOLDEducation
by SMPTrader
1