The price of SPY breaks through the 21-day exponential moving average after achieving all time highs.
Even when BTC/USD has dropped in the last hours, currently I would consider it on consolidation period as long as it remains above 200 EMA. (8730 level). 200 EMA and 20 EMA are about to kiss and 100 EMA is approching them. This would be a very important point as a croosover is about to happen.
To complete the cycle, the S&P 500 is poised to trend lower until the end of October or longer. Profit taking and bad reports about missed earning estimates can increase this downtrend, if the 100 day SMA isn't broken bullish and instead creates a "kiss of death". Short entry: 2027 Stop loss: 2065 Target: 1890 My last two related charts: and
Just broke this pair down in my Live Trading Room. After looking at the LLLC of the triple top highs, our traders were gearing up for a potential 2618/Kiss of Death trading opportunity. As we dug a little deeper into things we noticed that if we got the retracement back into previous structure then that 2618/KOD would be bet with a bearish bat which could be used...
Friends, Today, I tweeted several signals and commentaries on this pair, looking at a smaller 4-hour timeframe, compared to this bird's eye daily view - Here is the original signal: twitter.com The interest in the first 4-hour timeframe had to do with the development of a bearish Kiss-of-Death, which carries a high rate of success in moving in its intended...