Last week's bullish scenario lead 3M to the resistance zone mentioned in the newsletter. Now it is a test for both bulls and bears. Will the bearish setup play out this week or will the bulls push 3M to new high? Check out the complete analysis on this week's newsletters - marketzone.tumblr.com Subscribe to the Weekly Markets Analysis newsletters here -...
In this week's Weekly Markets Analysis I'm covering $AUDCAD which worked quite nicely lately with harmonic patterns. After successful Cypher and Bat pattern, will the next two patterns also score? Interesting harmonics analysis in this week's newsletter: Check out the complete analysis on this week's newsletters - marketzone.tumblr.com Subscribe to the Weekly...
I've been analyzing $GBPNZD here over the last few weeks and so far it is heading as anticipated towards the completion of the bullish Bat I mentioned in previous analyses. The Zone we currently at is also the weekly SMA line which makes it even more interesting. This pair's analysis is part of this week's Weekly Markets Analysis newsletter: Check out the...
Out of the 3 indexes ETFs I cover in this week's Weekly Markets Analysis, $IWM is definitely the strongest. The ETF bounced from the support zone mentioned last week and rallied back into the broken trading channel. Near 125-126 it will meet the top of its trading channel and the PRZ of a bearish Crab Read more about this trading scenario and more in this...
In this week's Weekly Markets Analysis I cover $SPY, $QQQ and $IWM. The last two shows strength over the $SPY, what does it mean? Who is giving us a hint regarding the markets direction? Is it the $SPY weakness or the $QQQ and $IWM strength? Check out this week's newsletter to view these analyses and more: marketzone.tumblr.com Subscribe to the...
In the Weekly Markets Analysis this week, as promised, I'm trying to find out where $GBPNZD might be heading in the near future by analyzing the weekly and monthly chart to add a "bigger picture" review to my previous analysis posted here last week. Check out the Weekly Markets Analysis: marketzone.tumblr.com Subscribe to the newsletter: www.themarketzone.net
$IWM had a nice reversal over the last trading week, which I've i traded successfully (special alert letter was sent to the Elite Zone members - Become an Elite Zone member - www.themarketzone.net) Now $IWM is facing the same resistance it broke during February and it should act as support (if it wasn't a false break) 120$ is the crucial zone to monitor this...
Weekly pattern completed 2 weeks ago. Still no signs of weakness, but there are some elements in the daily chart that can be used as bearish signal if occur. Read the full setup in the Weekly Markets Analysis newsletter. Press the link below: marketzone.tumblr.com
The $SPY is testing 198 (previous ATH) for the third time. A break of this level can lead the the $SPY all the way to the top of the trading channel and to the important 200 level. Two short scenarios - One from current ATH level and one from 200 if the $SPY will reach it. The two scenarios present a very good R/R. If you want to read the full analysis and more...