Since the beginning of 2010, there have been 5 rejections of a MAJOR RSI trend line on the 3 month big boy time frame, which closes soon. A successful breakout finally occurred on the 6th attempt. From the start of the trend line until the point of breakout between Janury and April of 2018, this has held as resistance for just under 8 YEARS STRAIGHT. 3 Monthly...
Na na na na, hey hey hey, goodbye. AMEX:UVXY
The game-plan since December has been to prop these markets up at all costs; the PPT joined with the 6 largest wall street banks, Trump called a "buy the dip", the FED turned dovish, and off to the races we went. For the DOW to continue higher, they need Boeing to be propped up. I envision a classic blame misdirection onto GE/Safran, the manufacturer of the...
Some slightly bearish indicators to start the week off.100-hour VWMA has essentially been flat for almost two weeks, bearish divergence on the 100-hour CCI and fisher transform. Looking for a pullback to or below the $279 level before going long SPY/QQQ April calls for the FOMC meeting. With the FED, the president and the banks working in coordination to...