Welcome to Spy weekly. I have clearly explained the levels and also explained why I will be observing price action this week. If you have any doubts, then feel free to DM me
Yesterday, the index price formed a new upward surge,, which in turn currently forms an extension of a new resistance, as is clear in the attached drawing, and will settle below it. Therefore, we expect the price to surrender in today’s trading to the control of the sideways bias, with opportunities to form a bearish corrective bounce that may in turn be targeted....
FOMC Major Resistances and Trendlines broken The market is bearish maybe a P shape trap of the bulls,Dont fall into trap In nivember or December the next Rate hike Possibility increasing. The inidcator above shos the trend of the Highs which are red, while the market making higher highs temporarily, and lower lows. The long 15D trend, here displayed on 7 H chart...
The SEC targeting Binance is a major blow to the biggest crypto exchange. BTC lost more significant levels than ETH which managed to bullishly hold structure. Both the NQ and SPX are significantly up with the beginning of some failing structure however a bit early to confirm. The DXY had a breakdown last week which bullishly back tested its yearly open...
Nasdaq is currently in a strong bulls market - all though there are a lot of signs both technically and fundamentally for it to go down, the bulls have taken over this area in the market. Today we will go with market direction rather than fighting the market. We will wait and see what price does at 13130 - if it respects ema and tl then we will go long to...
Findings: 1) Dow Theory Previous HH broke possibly will make new HH. 2) Cup and Handle breakout neckline breached. 3) Bullish Flag Formation Hight point breached. 4) History: In correction phase never goes sides ways, always makes V shape recovery in Daily Time Frame. Analysis: Strong Buy Call, Buy on Dips Trade Plan: ENTRY 13002 STOPLOSS 12460 TARGET 1...
Usually would expect to see strength in indices pair with weakness in the dollar, but occasionally they will go the same way. Here is what I find interesting at the moment.
Bearish on indices, looking to see if last week's high holds. watching intraday for trade opportunities.
To print, or to not print? That's the question to resolve, if you want to succeed in different markets. Many investors & traders focus onto indicators, bands or some chart structures like Harmonic patterns, economy overviews, data and personal opinions. Everything what would help is useful. Especially at shorter time frames. When I am looking from my view...
Lower and lower the markets will go. I like money.
Looking for bullish entries from support area. bullish flag in play
NADAQ opened with upward gap in the beginning of the Asian trading session, following the last week shares price increase after positive fourth quarter earnings results. Major tech companies like AAPL and AMZN are expecting to report earnings this week and the market is anticipating that the pattern from the last week will continue. On the technical front, the...
Outlook on NAS, price will chase buyside eventually. That's just how it works. The question is always when and for how long. I think we are approaching levels where a short term reversal is probable, but I do expect at least one more run to the downside.
This pattern getting painted filled with false hope of people thinking the damages from QE since 2008 and the Pandemic printing are over is very alarming if it plays out. It was terrible enough seeing people lose fortunes / life savings during the recent collapse of the simpleton's running VC funds with insane leverage without telling people where their funds...
NADAQ is going to touch 105 but, there is another support zone that said maybe be touched and that's blue line drawn. So if 105 break down it would go down to 80!!!!
Hi Everyone, Looking for Short-Side after the break of the trend line. Entry= 201 Stop= 237 T.P.1= 175 T.P.1= 150 If not Look at the resistance for a Short opportunity. Goodbye and Good Trading!!!
We continue to be bearish on QQQ even despite the current bounce in price (correction). Indeed, we think that the current pricing is attractive for (re)entry of short position. Since all our price targets were hit before the rally; therefore, we would like to set a new short-term price target for QQQ at 300 USD. We would also want to set a medium-term price target...
Ladies and gentlemen, take heed, the Nasdaq market is squeezing right now