Bounce then more chop $SPXSPX seems like a decent area to buy some into end of year holidays.
Obviously market could continue to nuke with some sort of event.
NO idea after end of year
Rally
NIVIDIA - Long Trade Setup - Near Key Support, Watch For BounceHello Traders, here is a long trade idea for NIVIDIA.
The market is oversold and overdue for a bounce. Yes, there is the potential that price heads lower but with the DXY approaching resistance there is a strong probability that we will see a bounce in the market this week.
NIVIDIA is approaching a key support level at $119, this is an excellent entry for a long trade.
Take profit #1 is at $130
TP #2: $143
For a stop loss: Personally I typically average down in trades like this so please use whatever risk management strategies that you typically use that suits you.
After we bounce there will likely be a rather large sell off so make sure that you don't get trapped in the trade.
Thanks everyone and best of luck trading!
gbp/usd possible continue downonce price increase from 1.0817 to 1.09144( 0.90%) then i would wait on a retracement to
the red zone but the can should close inside that zone. after that i want to see some selling pressure
with a red candle close below my 1.06 zone the i would take my entry at the close of that candle.
Current SPY low is < 1% from the June 2022 lows - Double Bottom?My cycle patterns suggest a rally phase is likely over the next 7+ trading days - but, the trend is very bearish today. It is almost as if the markets are flushing out stop levels - actively seeking a support level near the June 2022 lows.
It will be very interesting to see how the market ends today. If we see a big recovery rally into the close, it may support my cycle patterns predictions of a rally phase leading to what may be a new support level near $365. If it continues to sell downward, then I will be forced to admit my cycle patterns FAILED today. That means I'll have to spend hours studying why this failed and if I can make any improvements to my cycle pattern qualifiers/code.
I will state that my predictive modeling suggests a rally phase is still likely. So, we'll see what happens as the day progresses.
Follow my research.
Big Cycle Pattern Day - Momentum Rally DayThat means the SPY should find immediate support (after it appears a big GAP downward reflecting Europe's recession concerns).
Here's a little hint: Bitcoin will likely rally along with the SPY/ES and others over the next 7+ days.
The strength of the US economy/US Dollar may drive global investors into US assets and safe-havens throughout the end of 2022 - possibly setting up a very strong Christmas Rally phase.
Remember, this was all predicted over 3 years ago by a major cycle event. I have every day mapped out all the way past 2026 and beyond.
Next week should be very exciting. The potential for the markets to rally higher is high. There is a CRUSH day (9-28) that may represent some type of corrective price event, but other than that one day, the momentum appears to be to the upside.
Hope you guys are enjoying these? Please comment or let me know if you find these valuable in any way/form?
Follow my research...
USDJPY made CUP and HANDLE pattern Wait for handle breakout and enjoy the ride down
Not advice, trade safe
Cycle Pattern - Tomorrows Momentum Rally PatternIs it really that hard to believe that tomorrow could shift gears and move into a moderate momentum rally after the Fed raised rates 75bp?
What I find incredibly interesting about these patterns is how they can paint a very clear picture of the opportunities and shifting market trends.
Each day is clearly defined (except for the N/A days). Each day paints a picture of what to expect and potential trend.
Reading all this data as a story or narrative provides us a very innovative way to address allocation levels, risks/opportunities and trends.
Given the market volatility and trending, I would still suggest addressing any potential momentum rally with some caution. Trade smaller amounts and look to pull away from position before the close of trading on Friday.
Follow my research.
Expect 12-20% lower from here on TOTAL2 before potential supportUpdated my TOTAL2 macro chart - I called the timing/level of the market rally in my first version based on TA.
Reviving this chart because once again, blood is in the water. I'm not predicting it will catch support and rally again at the exact same level;
I'm merely reminding you that this is the next significant level of POTENTIAL support, and there's still a 12-20% drop before we get there.
Careful out there, and keep stops in place. With FOMC in a few days, clearly this will be a volatile week.
Happy Trades,
CD
Buy The Lows IF.... FOMC takes us there! (end of week)As we all know the last FOMC announcement drastically effected the crypto market several weeks ago and well... Every other market for that matter. 2 days until we are met with yet another bearish outlook surely? These expected moves to the downside perhaps create an opportunity for anyone who can maintain the intestinal fortitude to bear the risk (no pun intended). Consider me an optimist and pro MMT; the market should in theory head for new highs come January. So for sure we are early. Of course playing counter trend will go against your better judgement even though some bulls are purely in a denial state at this point just wishing for 30k again. I recommend trading small positions on leverage. cut your losses quick. For anyone else just buying the coin looking to hodl for the rest of the year, now would be your chance to catch one of many prime entries on a potential Christmas rally. I stray away from flooding my charts with Indicators for these post to keep things simple. We expect price to go lower, if it does. you know what to do.
Total Contrarian Trade/SetupAs much as I believe in "Don't Fight The Fed", I'm starting to think the bottom for the US markets (Technology/SPY/QQQ) may be much closer than some people think.
My cycle research suggests a 2022.5 cycle pattern (late in the second half of 2022) is highly likely. Have we seen that yet? Maybe. Maybe it is the recent bottom in June 2022 and the change of direction (higher) after that bottom.
Here are some of the KEY CYCLE PATTERNS that catch my attention.
9-27~10-8 : Harami, CRUSH, Gap, Top, Consolidation, Temp Bottom, Gap Reversal, Breakdown, Breakaway, Rally, Carryover, Bottom
10-11~10-25: Inside/Breakaway, Harami, CRUSH, GAP, Gap Reversal, Breakdown, Breakaway, Carryover, Temp Bottom, Top/Resistance, Consolidation, CRUSH, GAP, BIG GAP
These patterns, and the fact that I'm seeing some strength in the consumer sector, align with a potential Elliot Wave setup that suggests we may see some extreme volatility as we shift into a moderate Christmas Rally Phase.
It all depends on HOW DEEP (if anything) we see the markets move after the Fed rate decision. If the markets fall back into bullish trending and attempt to move away from lower support levels, then there is a very solid chance we may see an extended Bullish price trend starting a new Christmas Rally phase - possibly lasting into Q1:2023.
The CRUSH patterns are the only thing that concerns me. These are typically very aggressive downward price moves - but can sometimes represent pullbacks in an uptrend. I've seen them happen in very strong uptrends and I'm thinking capital may be shifting away from the same risks that were in the markets in late 2021. We've seen technology and other sectors fall 45% to 76% in some cases.
The contrarian trade (bullish if support holds) may be a very low risk trade right now.
Double Bottom Pattern / AMD $110-120Hey, AMD is forming a good looking double bottom pattern and is primed for a breakout leading up to earnings 10/25 if the stock can get through the $94 range. AMD has strong support at the $70-75 range and has rallied upwards of $100+ when that resistance is tested, which it has been recently. I believe AMD has been beaten down more than the other comparative semi stocks and is due for an upward correction. Obviously this is dependent on the FED rate hike, however the market has priced in a full basis point and I strongly believe we will actually get a .75 considering we haven't had a full point hike done in a very long time. I see Powell playing it safe and not shocking the market, causing the market to react similarly to the July-August transition, which in turn sparked a huge bull rally. With all that being said... AMD is cheap with good call options prices.
AMD to $110-120
" USDCHF " BUY Trade ( With 150 Pips Target )" USDCHF " Signal Trade After Break Out The Area ✅✅
Stop And Target On Chart 🔥
Reasons To Buy
- Rally
- Golden Area Break Out
- SMC
BULL TRAP BEAR MARKET BULL RUN WATCHING UVXYAMEX:UVXY
UVXY is known to watch greed and fear while rising on fear.
Federal minutes release is tomorrow; in the meanwhile this late afternoon
the indices and the ETFs that track them printed bearish engulfing candles
taking away as much as 1% in moments- this may be a fear escalation process.
To capitalize on this I took call options on UVXY with an expiration on this Friday.
UVXY is 3 the YTD low. SMAs 50, 100 and 200 are above. as target candidates.
Horizontal resistances are drawn. Time will tell. Looks good right now.
BTCUSDT Short term and Long term UPDATEHey everyone, I recorded a video quick video so I wouldn't have to type a million words. I told you previously that we were waiting for a bear market rally, and we got it. Everything else is in the video. I will be back in October when my studio is set up at my new my place. Thanks again!
USDT.D Will Falls and Altcoins hot rally will happen soon!i am providing a Technical analysis about Usdt.d and this will help you to understand that if btc small rally to go up at the level of 23k$ then altcoins will performe well and breaks their local high and makes a higher high . Big money flow in altcoins bcoz Usdt.d will fall
First bounce with valid RSI support First, this is not entirely my idea. Someone posted it in chat, and then deleted it immediately and then I couldn't find them or their chart. But I saw it long enough to get the picture. The 3 bounces prior to this one since $17.8, have all crossed over above 30 on the RSI, on the 4 hour. Generally those aren't oversold enough conditions to make significant impact.
This one is different however, as you can see it crossed below the 30, and that's a bullish signal. Couple that with the double bottom and it makes for a compelling case for a strong rally to the upside. In any case, I'm staying cautious, leaning a bit bullish. Will place some longs if we can get clean above $21,500. But they will be tightly controlled as things are tricky to read right now. There are other indicators working against BTC too of course.
Zoomed in, the chart actually shows a triple bottom forming on the 15m, which is like a double bottom, but more specifically a reversal signal. Regardless of all of this, the chart zoomed out, at a glance, looks quite sketchy, IMO, but I still think we go to low $22k.
Breadth has been strong and this week will be critical for $RSPThe market as a whole needs this rally to have healthy breadth and so far that's what it looks like is happening, a broad-based rally.
It closed above its 200 DMA for the first time since April 21st (albeit by just 13 cents) which is also when the downtrend started. The downtrend has been thoroughly broken.
Looking for 2-3 more strong daily closes above the 200 DMA to be relatively certain that the rally will continue and we could be back in a bull market.
Dolphins flee GFC2.0Chart panes:
SPY, 240m price
indicator: momentum midline oscillator
Price exhibits, perhaps historic, divergence from the momentum oscillator below. This is just one of many signs concerning experts about the possibility of a global financial crisis.
Managing risk in this environment feels ironic at times. It reminds me a Douglas Adams humor book from the iconic series "Hitchhikers guide to the galaxy". In the last book from the series, the earth's dolphins foresee the planets destruction and flee by spaceship. The dolphins, not wanting to be rude, left mankind a thank you note in the ocean, saying: "So long, and thanks for all the fish!"
For now, I remain in the ocean and will suffice by downsizing positions.
Retest and Go🫰Hi everyone,
I hope you are doing well.
Yesterday we talked about how DOTUSDT was doing a Flip pattern by retesting the last resistance as support.
Today was a really bullish day as it did what we analyzed and agreed on yesterday on TradingView.
In short, I expect the price to pull back to the last support, the same one that it bounced from. The reason is that the price just removed the liquidity that was accumulated in the last high.
If we consolidate at the resistance that we are in right now, then I expect a rally to the upside.
So we basically have 2 scenarios that we might expect until the end of the week.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
Bitcoin Heading to 30,000!Prepare your self folks because bitcoin is finding support at 22,700; As long as bitcoin remains above 23,000 we are due for a rally!.
US Stocks: Improved Technical ActionThe futures of the major US indices fell modestly early Monday morning. The stock market rally passed an inflection point last week, making a decisive move higher.
Investors should be adding to their positions with careful buys, not rushing to ramp up exposure. Markets are showing solid and improving technical action, but also appear to be betting on an optimistic economic scenario.
Here is the link to our updated watchlist for the US tock market:
www.tradingview.com
Watch out for the sectors Solar, Energies, Health & Technologies and Consumer Services which all show improved relative group strength.
All Stocks on our watchlist are absolute top picks and fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have low risk entry points.
SPX ~6000 if this time is not differentThe SPX chart has 2 goals and one constraint:
Demonstrate the VIX / VVIX ratio as an inverse momentum indicator for SPX. The VIX is risk adjusted" by VVIX and the ratio is more useful than VIX alone. "Useful" is similar to 'Statistical Power' and means less data required to identify smaller changes amidst higher volatility.
Suggest that an ATH of SPX 6000 is "not unreasonable" considering the pattern and magnitude of prior large moves (corrections, bear markets, and very large dips)
. . . Unless this time is different.
Continuation of Bear Market Rally Summer 2022Hello Hello! So far so good from my previous bear market rally chart. Everything seems to be held in place as the market continues to climb upwards with regard to recession and the recent 75 bps rate hike and on top of it all very controversial earning reports. Shorts and retail continue to be punished for their bear case as the market continues to climb upwards breaking above the 400 level and more. Let's continue this rally till September SPY 440 is my goal end of September, see you then!
