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S&P 10 year trend, a case for 3800 upside, 600 downsideI use the S&P versus DOW and Nasdaq in order to cast a broader net across more assets however, the other markets seem to echo similar despite having choice selection of underlying assets. For the last 10 years since the recession pounded the markets, we have maintained a clear ascending channel exhibiting strong support and resistance trend lines. The trend line held to mid-channel nicely through 2017. The USG gave corporations a $500B USD a year tax break at the beginning of 2018 and the markets rallied but still fell well short of top of channel. As we saw bolstered earnings quickly dissipate over the year, the S&P came back to its comfort zone, mid-channel until the 4th quarter when trade wars escalated and markets struggled (breaching support at levels not seen since the recession). In an effort to prevent the stock markets from turning, the feds started printing money (QE) & reduced the prime interest rate 3 times this year(2019). These are tools we had last relied on heavily during the height of the recession. With each rate cut, we see a small and repeatedly diminishing wave up. It appears as though, despite all the fuel the government is feeding the market, it just doesn't seem to be enough. There have been a lot of false alarms for a trade deal between the worlds two largest economies but once its inked, it has a high probability of fueling the fire. There is a great chance that an America/China trade deal along with significant reductions in global tariffs could catapult the S&P to 3800 for 25% gains from today's value (along with global markets). It looks like the US has to make a trade deal with China soon to prevent the markets from souring on us. In the event a trade deal isn't inked soon, it seems like the bears may take over and who knows how far the markets will retrace - 40%(S&P@1800), 50%(S&P@1500), 60%(S&P@1200)? How about this, scary (possible not probable), definite possibility >>> We may be seeing an overall downtrend forming, indicated with a light grey line at the bottom of the chart. If this a hard trendline forming, we could see S&P spiral out of control down to 500-600 before it finds support. Disclaimer: I am currently holding S&P ETF options and see a great opportunity to straddle here.
SP:SPX
by EncryptShawn
BTC ... Close Enough? Now Up?Hey everyone. It's been a while since I've last published, although I have been actively charting. I assumed we would create a traingle pattern and then have a wave E breakdown in my "internal" updates. I wish I would have published that idea, because it came pretty close to my target. I did pass that onto a few close friends and published charts on a great Telegram Group I'm in (Chart-Attack Crypto~Chat). Anyhow, my last published idea had a target of 77xx ... we got pretty close to that. Here's the idea: You'll see on this chart, drawn in a blue line the triangle created, and then a wave E breakdown to a log trend support line ... it went below that and now is testing it as resistance. So where to now? Up, down, sideways? Here's my thoughts ... I think, if we are to assume the current low of 77xx is like the 31xx bottom we had last year ... then look at how that bull rally started. Lots of sideways, accumulation ... then up. I wouldn't be surprised if we have a hard time cracking that log trend line now, and then the bears attempt to bring BTC down to and crack 77xx again, but fail. And then some more sideways in the 8000's. I see, towards the end of November, my gann boxes showing a major time fibo ... so does that mean we will take off sometime end of Nov? If it does, look at my chart. That elliptical resistance curve (pink) ... could that be the point we reach ... it says forget about 20k (although I think there might be a pause there) ... we could go much higher! IF I'm wrong here ... in my mind it could spell disaster ... Imagine 20k to 3.1k is WAVE A, 3.1k to 13.7k is WAVE B .... and now we are making WAVE C ... which could take us to 1k or 2k. I'm not sure if you realize, but that is basically what is in front of us right now. I don't think BTC has anywhere else to hide. Either we break the ATH, or we are going very low in my opinion. Nothing in-between. At the moment, given this has corrected EXACTLY as I plotted months ago, I'm seeing this as a very normal correction, and we are still in a bull cycle. We haven't even corrected 0.618 yet (at around 7200). So I'm siding with the BULLS! For educational purposes only. Do not use for investment, trading or financial decision making.
BITFINEX:BTCUSD
by MAGICMARK
2
Keep an eye on XLM if XRP rallies.XLM/BTC, much like XRP/BTC, is currently trading above its 10 week moving average for the first time in months. With XRP/BTC looking pretty bullish on a weekly basis, XLM is likely to follow any rally higher by XRP as these 2 coins tend to move together. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us MA Guide (All Weekly for this post): 10 MA in Orange. 20 MA in Pink. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Long
by Deftsuo
XRP/BTC setting up for another large rally?XRP/BTC is potentially setting up for another large rally. Price has reclaimed the 10 week moving average and is trading above it for the first time in nearly 9-10 months. Price has also tapped a historic price level around 2300 sat's that has been a key pivot point throughout XRP's history. I am keeping an eye on this one and it could be setting up for another huge rally. I wouldn't be surprised to see the 20 week MA get tested and knock the price back down a bit before consolidating then making another attempt at breaking it. Ultimately, this setup on the weekly view is shaping up to be quite interesting. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us MA Guide (All Weekly for this post): 10 MA in Orange. 20 MA in Pink. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Long
by Deftsuo
BUY Opportunity NOW (+3% gain)Base on my analysis, the "Niagara fall" movement of Bitcoin of the last hour is a panic sell that won't sustain. I've seen a trigger on my indicator that tells it's the bottom of the fall and a sudden rise is already in place. I've placed a SELL trade 2 hours ago, so I'm now at +9.91% benefits. (Price is at 8679 USD when I wrote). I'll stop immediately this trade to take the counter trade ==> BUYING. I don't say the fall is fully over, but a Bullish small cycle has begun right now. At least +3% increase Don't take my words for granted. Do your analysis and trade at your own risks. IF you like my ideas, please thumb them up. You can also follow me for future ideas. Thank you
BITFINEX:BTCUSDLong
by Atemak
Small yoyo but UPDon't think the up move is over. Not on my daily graph at least. A down correction is preparing. It won't last since bulls have not finished their up cycle (It's seen only on a daily chart). Note the level at 1.06303 it's a key level. It'll surely become a weak resistance level (easily breachable). Price will possibly climb fast to 1.06303 after the down correction. watch also level at FIBO(1.272) it's a nice level for Bullish trades since it synchs with a big old candle weeks ago. FIBO1.272 is linked to price at 1.07302. To view that level shrink the graph a bit vertically. price a 1.07302 will be a real resistance line (=FIBO 1.272) Don't take my words for granted, do your analysis and trade at you own risks. If you like my analysis hit the like please, and subscribe also. thank you
Long
by Atemak
G1 Therapeutics RALLYEarnings/News Co's lead cancer therapy, trilaciclib, gets FDA's "breakthrough therapy" status, which is meant to speed up review of drugs that treat life-threatening conditions GTHX says it will present new data on three of its drugs, including trilaciclib, at an upcoming conference in September FDA's move is a recognition that clinical data presented so far reflects the potential for trilaciclib to address an urgent unmet medical need - Cowen & Co Analyst Actions JP Morgan Upgrades G1 Therapeutics to Overweight From Neutral, PT Raised to $45 From $38
GLong
by dorfmanmaster
Delayed tariffs "for Christmas" might help HASBRO News/fundamental The USTR says that the tariffs on some items, including “certain toys,” will be delayed until Dec. 15. September is a key shipping month for those companies as they prepare for the holiday shopping season, when the majority of the industry’s business occurs. Hasbro told CNBC earlier this month that it would have “no choice but to pass along the increased costs to our U.S. customers” if the tariffs were put into place. -- Great risk reward ratio.
NASDAQ:MATLong
by dorfmanmaster
3
BTC – optimistic outlook. $560K in 2 years time possible.Hi Guys! We are in the middle of the summer. Volume is down. But let’s try to imagine and predict the next 2 years of BTC behavior. We are sure we will reach the sky (at least from the current perspective). We discovered a great indicator made by Lazy Bear. It is public so you can take a look at the code but in general, it operates on the average of the highest, lowest and close and its ema in the given time. So it looks interesting. We used a 1W interval. We noticed that once the indicator crossed the level of 30 it was above it for another 854 days. There were some fluctuations afterward but they were all above this line. As you can see the indicator crossed this line at the end of April 2019. We should stay above, till the end of August 2021 . As right now the volume is rather low we don’t expect much demand and supply. The price should stay between $9K and $12K. We expect to observe a strong rally in Q4 2019. We may go as high as $40K -$50K at the end of December 2019. Do you like such a scenario? Please do tell us down below in the comment section. Thank you for reading and your time. MASSIVE Hugs! WBM Team
BITSTAMP:BTCUSDLong
by WBM_Team
7