Bearish MACD Cross on 1M DXY Time-FrameOn the 1M Time-Frame there has been a bearish cross on the MACD indicator. Moving averages are above the zero level; however, downward momentum could push EMAs below the zero level.
M-oscillator
DJT - Range bound for nowDJT has had some wild swings lately. Impressively DJT pushed deep into overbought territory on the longer duration weekly timeframe. The company is sitting on under $400K of cash and carries a debt load of nearly $6.8M!
From a technical standpoint how can we take a view of where the price might go next? With all the noise the monthly timeframe is where I think we start to get a clear view for now. It looks like price could be settling into a range, momentum cooling for a while.
Folks thinking about shorting the company may want to wait until the price gets back towards the top of the range, and consult the momentum when that happens. Otherwise, I'd be patient and let this thing settle into something recognizable.
There is no turn backThis analysis might look pretty crowded but actually there is simple logic behind this. After each bearish season place "Fib speed fan resistance" from top to bottom. We can observe there is no bearish scenario after we break 0.75 blue fan line. There might be red weeks but after all its end with bullish scenario. End of bullish scenario can be found from Pi Cycle Bitcoin High/Low indicator. Whenever it's "High Short MA" and "High Long MA" crosses it is very close to top. This indicator is repainting so it means we can estimate end of bull season by "Pi Cycle Bitcoin High/Low" indicator.
$SPY May 15, 2024AMEX:SPY May 15, 2024
15 Minutes
The SPY is not retracing. It is resolving divergences and aligning moving averages through sideways movement.
Now as expected once 522.75 was crossed we are back in business.
I will consider two numbers.
The rise from 515.15 to 532.582 and 520.56 to 523.82.
Maintaining a hold at 518.5 is crucial for the former, while for the latter, 522 holds significance. Currently, 522 represents the 100 averages over a 15-minute span. Therefore, with this hold, my target ranges between 524.5 and 525.5.
Hence for the day I will buy on a retrace to 522 - 522.5 levels for a target 524.5 to 525.5.
I anticipate a retracement since the last bar reached the high of the day and closed near the low of the bar. Technically, I should only buy above the high. However, I am considering a retracement buy if it occurs.
On downside if AMEX:SPY breaks 521 I will short for 518.5 being 200 averages in 15 minutes.
Even though today I have only $2 on either side, I am willing to take a trade because the box has been broken and the sideways trend has ended.
$SPY May 14, 2024AMEX:SPY May 14, 2024
15 Minutes.
As expected, the oscillator divergence is playing out. Sideways until sorted.
Yesterday we had a gap up open and could not sustain and the first bat had close near low of bar.
We have 9,21,50 and 100 moving averages around 520 levels. 200 is about 517.
For the day if SPY opens gap up above 522.7 I do not expect it to sustain. I will watch the first 15-minute bar closely.
I still am biased towards 518-515 correction. If 519 is broken on downside.
If for any reason, we do have tight range today.
Tomorrow Wednesday we will make good few dollars.
For the day I will have a target 523.5 to 524.5 for AMEX:SPY above 522.75 with good close in 15-minute bar and on short side 517 - 518 if 519 is broken.
So, considering we have only a 2$ range on both sided i will sit out and watch today.
Additional cleaning TOTAL3A great way to clear TOTAL3 of stablecoins.
We see on the 2W chart that "clean RSI" has crossed 20.
Kijun and Tenkan have formed a cross.
WaveTrend crosses 0.
All this lacks only a falling BTC.D to take off properly.
HG Futures, Copper's Potential Rise: Monthly, Weekly, Daily.Monthly is winding up for a big drop or huge jump.
Monthly:
Weekly:
Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards.
My gut says inflation will send it upward in the near future.
AEVO - Bullish divergenceOn the above 12hr chart price action has corrected 65% since late March. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Bullish divergence. Eight oscillators print positive divergence with price action.
3) Everything that was said above is also true for the AEVO.BTC pair (see below).
Is it possible price action can correct further after a 65% correction? Sure, sellers are like that.
Is it probable? No
Ww
Type: Trade
Risk: <= 6%
Timeframe for long: now
Return: 150% for starters
AEVO - BTC pair
$SPY May 13, 2024AMEX:SPY May 13, 2024
15 Minutes.
Had a gap up on Friday.
I sold into strength.
I had a view of 522 levels with bias down as oscillator divergence.
We can see the divergence more prominent now.
Also, if you see in daily the rise is steep and 9 averages is around 512 and 21 around 508 levels.
And in one hour chart we have the 522.63 bar having close near low of bar.
All these are negative bias for me.
For the day we have 100 averages around 518.5 and 200 averages around 514 levels.
So, if 518 is broken I will short. And i will buy above 522.75 only (as per 60-minute bar pattern explained above)
We have an unfilled gap around 508.5 levels.
So, for the rise 508.56 to 522.63 if 518 is broken the short i will enter will have target 514 to 515 levels.
Bitcoin in a correction territory Bitcoin has been retreating from its all time highs. The momentum is negative, which means we can still expect more lows. The good news is that it started to form a positive momentum divergence, which basically means the acceleration towards the downtrend is slowing down, and a possible reversal is in the making. I don’t see a good timing to start a position, I would just wait until the momentum becomes positive and it goes in convergence with the trend. At this time it’s just a wait and see.
CHESS to print a 2000% move?On the above weekly chart price action has corrected 96% since late 2021. A number of reasons now exist to consider a long position, including:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes.
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over a one month period. This includes money flow.
4) The falling wedge forecasts a 2600% move from the breakout point as measured from the lowest and highest touch-points (blue circles).
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <=6%
Timeframe for long: Yesterday
Return: 20-25x
S&P500 - Bullish opportunites ahead! - Long in flight Last weeks levels provided to be partly actionable and price has immediately responded (See attached post). Comfortable holding this 50% long position with stop/target untouched. Will be looking for opportunities to buy the other 50% and increase risk as I'm confident in the bullish sentiment after last weeks Feds statement. I hold an underlying belief that the FED does actually have a decent pulse on the economy that drives the stock market - obviously not the "real" economy but an important one no less. I'm personally very bullish 2024 on nearly all assets.
So lets unpack the chart -
Daily chat shows a "comfortable" pullback. One very similar to Nov. 2024. Evidence on the RSI suggests we are positioned for months of bullish room to run ahead. So I'm interested in getting long at least back to comfortable new highs.
2 hour chart shows our first aggressive entry hit and the second entry came within .30% of getting filled. Although I would have loved the second to get filled, It's a non-factor. Thankfully price has strongly verified our bullish identification of these price levels and the overall theory.
Although the stop of the aggressive was close to the conservative entry - it was separated by several key levels and strategically placed. I've got a good idea of where things are going and the opportunities on the way are endless. The rest is risk management
Follow/like for more AMEX:SPY NYSE:ES GETTEX:MES #S&P500 Commentary
Best,
GrayTrader
$SPY May 10, 2024AMEX:SPY May 10, 2024
15 Minutes.
Holding 516, (yesterday low was 516.70) 520 target was achieved.
At the moment i have 2 issues.
Positive is uptrend, above all moving averages, Stochastic black bar on top, did not become red on any pullbacks, Elloitt oscillator green and CCI green.
Negative is Elliott oscillator divergence (price making higher but not oscillator) and too far away from 200 moving averages.
My plan is:
Consider the last rise 518.34 to 520.2, holding 519 I have a target 523 - 524.
And if 518 is broken on downside I will short for a target 517 - 515 which is 38.2 retracement for the rise 508.56 to 520.2 and also 23.6% retracement for the rise 499.55 to 520.2 and 517 is 100 averages. 518 is important as breaking will nullify the HL HH pattern being formed now.
That retrace should allow the 200 averages to catch up at 514-515 levels allowing us to go long for the next uptrend above 524.
Since I trade on moving averages my bias is on reversal to 515-517 levels.
SPX500 approaching overhead resistanceThe SPX500 has moved into an area where there is overhead resistance. If the short-term momentum holds with the stochastic remaining in its upper quartile, the index should overcome the resistance. However, a swift turnaround in the stochastic will see the overhead resistance holding out.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
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Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
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Past Performance is not an indicator of future results.
TRXUSDT - Cup & Handle - Bullish ContinuationBINANCE:TRXUSDT has formed bullish divergence and cup & handle pattern (bullish continuation pattern) indicating imminent bullish momentum! Buy at current market price!
AVAXUSDT - Bullish DivergenceBINANCE:AVAXUSDT has been in a downtrend, however, bullish divergence has formed indicating potential bullish momentum! Will be taking a long entry ONLY if the lower high is broken!
AMZN - Tech Analysis - $buy the breakoutWhen the charts looked ugly it was a historic buying moment. Amzn fell to the classic fib levels and the sharp edges of the market stepped in.
When the set up looks juicey though... the herd rushes to pile in. Excited to see this one play out.
SPX500 Potential Dip in UptrendThe SPX500 daily chart has a positivity associated with it. However, the hourly chart has pulled back to the point that is tending towards oversold. This may set up a potential "dip in the uptrend" scenario.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
Expect breakout soonSleepy alligator on M chart. I expect upside breakout soon. Should happen this summer.
$SPY May 8 ,2024AMEX:SPY May 8 ,2024
15 Minutes.
As expected, AMEX:SPY was in sideways.
Forming a HH, HL pattern.
For the last rise from 514.89 to 518.87 it retraced 61.8% yesterday around 516.5 levels.
So, for the day I will buy above 518.6 and sell below 515.6 for a target 513.5 to 514.
I expect a move only above 520 at the moment. Need to cross the 519-520 resistance.
We are having an oscillator divergence; price is making higher while oscillator making lows.
Yesterday gap open was not sustained and the gap was closed.
Honestly, I love PEPE.Hello, friends!
This is ESS team.
Let's check the 1000PEPE chart.
In the 4-TF, PEPE is drawing a RISING wedge.
While PEPE is rising with a high point within the wedge,
There is a divergence with a LOW high point in RSI.
If the PEPE rises in the wedge and makes a high point,
but in the RSI,
the high point falls once again,
There is a possibility that it may drop due to the nature of the rising wedge.
So, Please refer to this.
SPX500 Moves Overbought on Hourly ChartThe hourly chart is showing signs of froth, which may result in a short-term pull back.
However, the daily chart is showing positive momentum.
Therefore a short-term pullback may make the support areas compelling.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
