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Regression-trend-channel

SPX in monthly (log)Hello community, A quick review of the month on the SPX index. A red candle for this month of October. I have indicated in orange the simple 12-period average (monthly) The price is in the upper part of the channel, I don't see anything alarming on the chart. The trend is still bullish, I prefer to invest my money in the American market, than on the old continent which is very sick! Whether it is Harris against Trump, the new president will have a country in working order to face the future. I have confidence in the USA. Make your opinion, before placing an order. ► Thank you for boosting, commenting, subscribing!
SP:SPXLong
by DL_INVEST
TFEX S50 FuturesTFEX S50 Futures looking down in all 3 Trend Primary trends Secondary trends Minor Trends At the moment it is at the -2SD support level of the Volume Normal distribution and POC of Regression Trend Now Volume Profile of last Degree move down to the bottom that might bounce. If looking down, wait for a bounce and then open a short at the POC resistance level or wait for a reversal at the upper edge. If you look up and don't care about the trend, open Long at the support level, set Stop Loss at Low. However, There is a target of going down in the Range Volatile month and 3rd month At 800 it is still the first target. Trade with faith in your beliefs and follow your own plan. C.Goii SuperTrader
TFEX:S501!Short
by CoachGoii_SuperTrader
1
VERX ATH on Earnings LONGVERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its bullrun after the earnings report was a two line beat much like the one a quarter ago. VERX has impressed traders including this one who got in on the ride early. I will trade this like others recently with a similar pattern. I will hold during the consolidation and watch for a break above the flag regression channel. I will add upon the break and set a trailing stop loss of 5% upon a rise of another 5% keeping the profits safe while underway. See my ideas on SOUN DUOL, VTYX and a few others. Review the link to the pattern description here. See also my swing long trade ideas for this sector XBI and LABU.
NASDAQ:VERX
by AwesomeAvani
SPY Update (monthly close)We have managed to close out a month above the 50% retrace at 414.04 drawn from 2022 high to low. This has been a key area to overcome. We are clearly now above the 405.11 POC area, and this month we cleared another high volume point at the 50% retrace line (414.04). The low points in September and October 2022 touched and repelled off the lower 2 sigma line of the regression trend (salmon color in the background) drawn from March 2020 COVID low to January 2022 high. From May 2022 to present we formed roughly an upper lateral wall at the 50% line, accompanied by a rising trend of higher lows. In effect, this has created an ascending triangle. This from Stockcharts.com: "The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation. Source: stockcharts.com" The ascending triangle is a bullish reversal pattern, but in a downtrend is is less reliable as a bullish reversal than if it occurred in an uptrend. I personally have seen very few (maybe none) of this pattern in a downtrend, so I have no opinion of which way it will go if it breaks. Nevertheless, the higher lows exhibited in the trend is encouraging to bulls. You will notice the twelve month Bollinger bands are narrowing, and the 12 month moving average is levelling out. A move may be nearing soon. If we can further move past the 50% retrace line, we get into an area of declining volume (down sloping) and we could have a pretty fast move up to 424. On the other hand, should we have a negative catalyst, and if we descend below the 405 POC area we could have a sharp descent lower on a declining volume slope. (I can think of two possible catalysts -- continued overly hawkish FED or further bank solvency issues). So I think next week FOMC + further banking issues may give us some good clues.
AMEX:SPY
by UnknownUnicorn13101
Spinning Bottom Reversal - NiftyAs discussed in the previous blog, the sell-off was expected to 17000 1. Spinning Bottom Candle, which depicts the reversal and is also supported by open interest data, A lot of puts are being shorted 2. Regression channel, Since Dec 2022, Nifty has been moving in the regression channel, It is reversed from the bottom of the channel. Assuming these structural formations, nifty will likely trade above the 16900 to 17000 range for the next 2 Weeks as long as support is intact. This week's candle formation will derive the sentiment for April Month.
NSE:NIFTY1!Long
by OK_Rane