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SPX: Hit our TARGET but it is CRASHING now! What's next?Hello traders and investors! Despite the volatility, the index did exactly as we described in our last analysis. It hit our target, and it is crashing. Let’s see what’s going on. Yesterday I mentioned the 4,200 as the key point that would bring the index to the 4,299 (purple line). The index hit our target with an incredible precision, just to drop again. The link to my previous analysis is below this post, as usual. Today, it gapped down (yellow square), lost the support at the 4,200 (previous resistances should work as support levels, in theory), and it lost the 21 ema too. Now, it seems it is seeking the next support at 4,148 (black line). If the index loses this black line, it’ll face some problems, as the next support is only at 4,062. Let’s take a look at the daily chart for more clues. Today’s reaction is rejecting the bullish candlestick it did yesterday, and it is below our support at 4,167 again. It almost hit the 21 ema in the daily chart, something I was expecting it would do since it did the Hammer candlestick pattern on May 2 (just check my analysis on May 3 for more details). This reversal pattern was a success, as we expected, but right now, we can’t say the index is a buy again. It is not a sell either, as we are just at support levels and the risk/reward ratio is not attractive at all (to me, at least). For now, I’m neutral on the index, but many individual stocks are looking incredible, if you ask me. There are plenty of opportunities out there, much more interesting than the SPX, if you know where to look. I do daily analysis on the SPX, so if you want to keep in touch, remember to follow me to not miss any of my future analyses. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
11
Oil Corrective Price Action ContinuesThe large descending (often bullish) channel in blue continues to suggest that Oil will continue to challenge the above prices. The weekly chart (not shown here) suggests that the trend is getting weaker with the print of TWO LARGE DOJI candles. This does not inspire confidence to buy this and better to just wait for confirmation. The plan continues to be that 93.23 area is where this will turn back down. Nothing to me indicates that this will head higher than that target and if we take in to account the weekly candle patterns that it might not even make it there. For now we just wait on oil to do it's thing.
TVC:USOIL
by Sinex
1
SOME SIGN OF REVERSAL ON GOLD WEEKLYDear Traders, I just saw something very interesting that we need to note. I just checked the weekly time frame and noticed that last weekly candle closed as a Doji. A "Doji Candlestick" is a candle stick that closes at about the same point it opened. When you see a "Doji" at the bottom of a down trend, it's a sign of reversal in trend. As you can see from the chart here for the past 4 weeks consecutively, Gold has been trending downwards and achieved closure above 1780. If today's daily candle closes Bullish, then we may expect a rested of 1780 area for a bullish continuation. At this point. we need to exercise patience and be a bit careful about selling gold in the course of the week. Gold looks to me it's about to start buying but we require other confirmation. Any daily closure below the trend line will invalidate the possibility of a bullish trend. A daily closure above 1808 with further validate a bullish run for Gold... Happy Trading... If you like this idea, please let me get some like
FOREXCOM:XAUUSD
by Olajireolapoju
2
CHFJPY at neutral spot looks bullishHello guys In this case we have a case scenario similar to our lessons we taught you. This kinda trades depends on patience. As you can see chfjpy is moving at the moment in neutral spot for longer time. There was a moment where chfjpy shoudl go bullish on 12.14.2021. Price didn't make it because of low momentum, so it stayed at neural spot between 123.435 resistance level and 122.388 support level. For safety reason we recommend you to be still aware of possible upcoming bullish momentum. If bulls are able to push price higher, then you can trade it once price broke 123.435 resistance level. T1: 124.535 T2: 125.452 Check also previous USD pairs we published
Long
by EliteFxAcademy
Bitcoin descending wedge scenarios(BullorBear)Hello! 😀🐲 Thank you for considering this short technical approach analysis today. 🐮We see a possible double-bottom on 4/6 hour view..👌 🐻Let's not overlook the death cross(s) present on this TF and circled above(which could make for a sharp rejection at current level.) With the events mentioned above, this puts us at the bottom of our wedge and makes way for some bullish movement if there's enough buy pressure. Opposite of bullish, we will exit wedge to our target 52,800. If BTC goes on a run here and tries to break the wedge structure, I have some key resistances and targets seen above. 📈 I am not expecting to go lower than ~52,800 in the event that BTC fails to reach bullish targets.🆒 Let's wait and see how this develops. Let me know what you think about Bitcoins price action ⏬⏬ 🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you so much!! Jazerbay 👀
COINBASE:BTCUSD
by jazerbay
16
Fakeout or Breakout? The Shiba QuiverMany of us including myself were skeptical about SHIBA ever blowing up, when it overtook doge I got ready to open a short. Now that Shiba has broken out of the downward channel it's been trapped in for a while, I must ask the question: are we looking at a change in direction or is it just a false alarm? Skepticism in hand, there are a few news articles popping up about places accepting SHIB. Mac D is down and RSI has room both ways. I'm neutral on this, I'd love to know your thoughts below what you think will happen, and why. If we bounce on the green resistance and start to look up and steady, I might jump in and take a long shot, but it's not looking likely. This is most definitely not financial advice. Any input or criticism is always appreciated. Good day :)
by SaucyLettuce
2
GOLD STILL LOOKING BEARISH - 1760 IS STILL ON THE TABLE Dear Traders, You check XAUUSD us from a weekly perspective you will see very clearly that gold is much bearish. I will not advise anyone to focus so much on what RSI or stochastic is saying at the moment as these are lagging indicators, though they tell us something about what is likely to happened based on "OVERSOLD" or "OVERBOUGHT". However, the most important confirmations you need are on the face of the charts and indicators are just there to confirm what the chart is saying. You need too get at least 5 confirmations before using RSI or stochastic to confirm. I remain very neutral with gold now after making over 800 PIPS selling. Right now, I need a convincing close below 1787 on 15 mins, 1Hr and 4Her to take a sell trade on a retest. Otherwise I will wait for a close Above 1812 - 1815 zone and buy on a retest to 1832. Happy Trading!!!!
FX_IDC:XAUUSD
by Olajireolapoju
AMC - price is correctingThe price is in a corrective area right now. It can retrace a bit more as marked on the chart. 2 Possibilities : 1. The correction can either be a triangle (in this case, we can see an upside soon). 2. The correction will unfold into a zig zag and we can see more downside, before the price will start to go up again. In this chart, the second possibility is presented. The Content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Have a beautiful day! :)
NYSE:AMCShort
by YExplore
DELL Opportunity to Ride and Nice Push UPDell as you can see from COVID DIP March 17 2020 has been on a tear recently shedding VMWare to do it's own thing it allowed DELL to focus back on what it does best. As you can see it has been on a constant tear VERTICALLY. It will be facinating to see if it will keep this going or if it will break trend. To me basing on the indicators i would bank on it bouncing off the lower trend line and pushing to the top side as it normally has it has not had many breaks on the bottom trend line and it does to the top side circled in yellow. Pay attention to your indicators showing you neutral signs i would much rather wait for a good entry point on the Stochastic or RSI before throwing my money in the hat, but with the holidays it is a good bet to think they will run.
NYSE:DELL
by Stock_Hustle21
Market GOLD Gold rebounds after 2 days of correction Gold prices rebounded on Wednesday as inflation concerns pushed investors into the safe-haven metal, even as better-than-expected US retail data strengthened the dollar making gold expensive for holders of other currencies. Spot gold was up 0.9% to $1,865.66 an ounce, after dropping in the previous two days following a seven-session rally. Wall Street Corrects On Inflation Concerns Wall Street's three main indexes weakened in late trading Wednesday on inflation and supply chain concerns stemming from retailer earnings. Investors are betting the Federal Reserve will raise interest rates sooner than expected to cushion rising prices. The Dow Jones Index was down 0.58% at 35,931.05, the S&P 500 was down or 0.26% at 4,688.67 and the Nasdaq Composite was down 0.33% at 15,921.57. Today's Focus: Jobless Claims & Philly Fed Manufacturing Index, Williams' Speech Not so much economic data released today, the market's focus will probably still be on the prospect of a Fed rate hike after the recent solid US economic data. Today, there are several US data worth listening to to strengthen these expectations, including jobless claims and the Philly Fed manufacturing index. Markets will also focus on Fed Official John Williams' speech. Wall Street Corrects On Inflation Concerns Wall Street's three main indexes fell in late trading Wednesday on inflation and supply chain concerns stemming from retailer earnings. Investors are betting the Federal Reserve will raise interest rates sooner than expected to cushion rising prices. The Dow Jones Index was down 0.58% at 35,931.05, the S&P 500 was down or 0.26% at 4,688.67 and the Nasdaq Composite was down 0.33% at 15,921.57. Today's Focus: Jobless Claims & Philly Fed Manufacturing Index, Williams' Speech Not so much economic data released today, the market's focus will probably still be on the prospect of a Fed rate hike after the recent solid US economic data. Today, there are several US data worth listening to to strengthen these expectations, including jobless claims and the Philly Fed manufacturing index. Markets will also focus on Fed Official John Williams' speech.
OANDA:XAUUSD
by NieleasyFX
WATCHOUT FOR POSSIBLE TREND REVERSAL ON XAUUSDThis is where the patience of most traders get tested. No matter your bias when trading, always keep a neutral mind enough to let you know when something is about to change. Gold appears to be at a make or break point for me and as it is, I will like to wait for price action. I will buy gold at a break and retest above or below. If Gold closes above 1855 today, I will look for good sell entry. If it closes above 1878, I will look for a possible buy entry. There is a possibility of a change in structure as gold appears to have been so bullish sin 1677 area and it my just be time for a reversal or some reasonable correction. Buy with caution if you cannot wait but my advise is that you wait for price action and decide. Happy trading
FX_IDC:XAUUSD
by Olajireolapoju
1
AAPL Same Week Long Call Calendar SpreadDescription: Earnings after close, taking advantage of high IV on same week options and covering with next week's (Calendar Spread). Long Call Calendar Spread Levels on Chart R/R ~4:1 Positive R/R, stop loss levels built into position. Conveniently, Break-evens: 158.99, (2 stdev from open) 146.33, (~80% of 1 stdev from open) Intend to close before near term expiration. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/05 152.5C SELL 10/29 152.5C Position Addition: Will be running a limited amount of capital in additional same week OTM long calls to position for additional upside. These will be purchased at EOD. My Position: BUY 10/29 160C *The amount I am buying of the OTM calls here is equivalent to ~15% of total position size. Estimated Position Delta: .09 As you can see, my long long bias is negligible to the overall strategy. I will update with my fill and delta when I open the additional long calls.
NASDAQ:AAPL
by BarnardR
1
AKASH 4H CHART - SUNDAY CORRECTION & BULLISH CONTINUATION$AKT sitting in a neutral position Purple boxes represent key support zones Bullish outcome - Push past and test on 50 & 25 EMA Bearish outcome - Sunday retest & accumulation against 06th October daily wick @ $3.1 - $2.9 to confirm a breakout, followed by a continuation of the upward trend As I am PERSONALLY bullish long term on Akash network fundamentals and roadmap, this is listed as a long. EDUCATIONAL ONLY. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Long
by saerinox