After an extended 5th wave in the impulse, ZN has broken down (as anticipated from this pattern). After ranging yesterday, it is up to the vagaries of risk sentiment to decide where it will go next: if it will rally or breakdown further. It seems likely we will see strong resistance around 138'18 and 138'21. The Kovach momentum indicators are gradually shifting...
Stocks completely reversed direction yesterday as the Fed came in with more historic stimulus. We are currently seeing some support at technical levels. It looks like a bull flag is forming. The Kovach OBV has reversed confirming the bull trend, but the Chande has dipped suggesting this may be the dip we get before another rally. Watch out for a squeeze before...
Bonds have rallied, but not to the extent that stocks have collapsed. ZN has validated our position that it would rally and fall, missing our level by 10 ticks or so. They are likely to range today, on account of the rally, and the fact that it's Friday. Watch 138'14 and 138'27, two Fibonacci levels. The Kovach OBV is still pretty bullish, but the Chande has...
Yesterday we saw a prolific collapse in equities. It appears that the risk-on exuberance has faded and the reality of persistent global issues has sunk in. Stocks woke up from their stupor with a gigantic hangover. We outlined all the levels of resistance well, but we admit that the extent of this selloff caught us off guard. This is why tight stop losses are...
Spotted this good opportunity for a long on NEOUSDT (4h TF) NEOUSDT long (4h): Entry range: 10.879 - 11.024 TP1: 11.695 - 11.773 TP2: 12.467 - 12.552 Stop loss: 10.022 Suggested risk: 2% of capital Enjoy, keep it safe! :cocktail:
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, looking at the growth rate potential of SPCB and ADOM, I think ADOM currently has more potential, and that $SPCB is still expecting a positive retracement. However, I feel like now isn't the time for diversification over...
Stocks simply can't go down lately, despite pervasive risks in the markets. However, we do appear to be completing the fifth impulse in the Elliott Wave, and may see a correction, albeit a small one, soon. Additionally, we have a head and shoulders forming. Note that there is a big vacuum zone down to 3140. There are some nested Fibonacci levels in between. ...
Stocks continue to rip and it really seems they are trying everything possible to close the Coronavirus dip. We have only 200 points more to go before reaching all time highs again. Although the S&P 500 has rallied prolifically,it is facing some consolidation which is normal after such a big move. Notice how the it found resistance exactly at our Fibonacci...
I see a huge short opportunity on EOSUSDT with a low risk/reward ratio! Suggested risk: 2% of capital (maximum leverage ofcourse ;) ) Enjoy!
I've spotted this great short opportunity on ATOMUSDT! This can definitely deliver big time without having to take a big risk Enjoy!
Stocks are absolutely crushing it, continuously making new highs. Watch for a bit of a squeeze, especially before nonfarm payrolls. As with bonds, a bumper number could set stocks rallying further, just watch for profit taking. A bad print may also be good for stocks because it would warrant more intervention from the Federal Reserve. If we do see a pullback,...
Stocks hit a high in perfect alignment with the Fibonacci extension levels at 3127. Watch for a technical retracement down 3096, or the psychologically important 3100. The Kovach OBV is still strong, but the Kovach Chande shows a dip implying that this could be a good time to get long if you are still bullish of stocks. However, after such a rally a retracement...
Wow! risk on again! fantastic to see such optimism on the opening of the economies across the globe. 0.618 Extension hit if there was a point for a reversal it is now but hard to go against the risk on tone movement into 137.000 would see a potential target of 140.000 although hard to contend to with BREXIT talks resuming For the Bears I would suggest a test...
I always like too think the charts don't lie and with the ECB meetings tomorrow all signs point upwards. Although, despite short term success in this diverging channel for NZD that is largely due to the risk on tone across the markets. The top tier 1.82000 resistance is a potential TP with both 100 & 200 day MA looking to diverge for potential change of...
Often used as a proxy for risk, the trend in the ratio between junk bonds and treasuries can be very informative. The GoNoGo Trend indicator shows that during the month of May, the ratio was able to battle out of the “NoGo” trend that it had been in since the end of January. This ratio tends to lead stocks as it did when it signaled investors to be “Risk off” at...
Heavily risk-on news drove prices up to make new relative highs. Currently, they are facing resistance at the Fibonacci extension level formed by anchoring the upper and lower bound of the inverse head and shoulders from which they broke out. Watch for a retracement (morning squeeze) at least to 3078 before breaking out higher. The Kovach OBV is very overbought...
Don't be fouled by optimistic start to June 2020 be careful of any extension of current rally to the upside with obstacles approaching at 137.000 1. 200 Day - Daily MA (Blue) approaching at present testing the 100 day - Daily MA (Orange). 2. Fib Level at 0.618 will not stop Rally but potential reversal on fundamental pressure from investor attitude and BREXIT...
ZB has apparently broken down from a bear wedge pattern. The level 177'30 marked a the lower bound of a significant range and this level will now provide resistance, where it once provided support. The Kovach Chande has turned negative, whereas the Kovach OBV is still relatively neutral. The bear trend will be confirmed when the Kovach OBV, which measures...