Controlled Sideways Trends Ahead of EarningsThe Giant Banks and Credit Card companies benefit the most from the Federal Reserve Board's overnight interest rate hikes. As the FRB increases its lending rate, it allows big banks and credit companies to increase their interest rates to consumers, small businesses, etc. That usually means higher revenues.
NYSE:V is in a sideways trend that is not as consistent as would be ideal ahead of its earnings report in about 3 weeks. However, HFTs are aware of the tendency for credit card companies to prosper during high interest-rate markets.
Study the candlestick patterns: Note the quick reversal back down after a higher price level was reached. Note the rebound the same day when price dropped out of the lows of this sideways trend. There is control in this pattern which is typical of Professional trading activity.
Professionaltraders
NFLX Falling into a Dark Pool Buy Zone?While we all wait on the highly anticipated NASDAQ:NFLX earnings report at the close today, let's study the weekly chart to study the downside potential since the stock gapped down today on expectations of a weak report.
Netflix’s percentage of shares held by institutions has recovered to a respectable 79%, which is more consistent with a company that is in favor with the Buy Side Institutions. There has been accumulation going on since the lows of 2022.
Selling Short is problematic due to the support levels not far down from the current price and the risk of a hidden Dark Pool Buy Zone starting at the highs of the U-shaped bottom formation.
The current run down is at a technical support level, which is where pro traders often nudge the price to trigger HFTs. Beware of the risk of an extreme reaction at the open tomorrow. During earnings season with a report at the close, pro traders often take profits either in the final minutes of the day to avoid the risk of a surprise, or shortly after the open to capitalize on the reaction to the report.
Did you miss NVDA's move? What now?NVDA's gap up on a stellar earnings report should NOT have been a surprise, as the chart has been showing strength since January when I mentioned it in my Morning Reports. It was completing the bottom at that time.
The trend upward was showing pro traders in control of price after Dark Pool quiet accumulation. It has 64% of the shares held by institutions, which is normal for a giant-cap stock. It should actually be a Dow 30 component rather than INTC but, alas, that won't happen for a while.
NVDA stair-stepped upward. This is probably one of the hardest trendline patterns to see without rectangles drawn around the step, but one of the most important to recognize professional buyer dominance.
What now? The gains are now extreme. And the pros are taking profits. That means there is very high risk for buying at this moment.
CAN it move higher? Of course! Euphoric retail buying can easily drive prices upward further for a short period of time. Just remember that without institutional buying at this level, any upside from here may be short-lived.
Relational Technical Analysis of GOOGLProfessional traders controlled this sideways pattern that held higher lows before the break to the upside and gap up above the W bottom completion resistance, which is now strong support. Short-term profit-taking at the resistance overhead is something to prepare for now.
GBPUSD 2020 Smart Money SetupSmart Money has setup the 90% aka the ‘dumb money’ into selling the market all awhile they’re buying into the market. Creating and imbalance of S&D, steadily accumulating and soaking up sellers. Thus, price rallied and has now settled above the WAP
Monthly (1.27953) support being respected
EPZM High Frequency Trader Buying FrenzyEPZM ran quickly out of a very short-term bottom with High Frequency Trader action. High Frequency Trader algos are focused on 3 major industries at this time. This is creating opportunities for retail Swing and Day Traders who can enter with the Professional Traders, who are setting up for the High Frequency Trader algo triggers.
This is my design! Bearish Cypher Pattern On BTCUSDMy long term view on Bitcoin is Upside, however we've been on consolidation on a lower time frame and that's why I think this is a good shorting opportunity. We are already getting a bearish divergence on the RSI on H1 so if the pattern completes and the RSI goes oversold then I will be shorting so let's see what happens
MSFT Cycle DeviationMSFT has an extreme deviation pattern for its business cycle. The Detrending Price Oscillator Indicator for cycle analysis shows an extreme speculative price mode is underway. Risk of profit-taking by Professional Traders is increasing as the stock continues to climb speculatively.
CELG Shifts SidewaysCELG hit a strong resistance level after a 3-week momentum trend. This resistance is strong. The consolidation has Professional Trader footprints.
BTCUSD Am I seeing a Gartley?In case of a Gartley price is set to go Up from this level targeting 1.618% of XAX presenting the opportunity for a nice 100% return.
We are still holding on our previous view expecting the price to fall between the 6600 - 7300 levels where we expect formation to the upside.