OPEC announced cuts in oil production. Globex session opened with a gap up, but Comex session didn't show interest in oil buying, (because US probably bought already on Friday). Moreover, the volume of regular trading hours is showing an increasing interest in lower prices.
RTH Gap needs to be filled, this is the top of that gap in alignment with a 5min FVG. Will be taking that to SSL, fine with the leg that made the bullish leg which would be a bullish +OB
Forming Bulish Pennant In H4 Timeframe Incase Of Breakout Expecting 20 To 25% Bulish Move
Cardano(ADA) is trying to break up the value zone, but without success. Why is this happening and when will the price breakout this zone? We see a volume decrease every time when price break the $1.15-1.22 zone and pullback after. What does this mean? The big players are trying to collect liquidity to open short positions, but there is less and less liquidity...
What is clear is the possibility of the formation of a harmonic pattern And of course the symbolism of resistance The probability of reaching the bottom of the chart is high With Stop Loss $ 3000 The targets are $ 2550 and $ 2370, respectively
Here is my analysis on iotex, i have put on areas to watch and targets to watch!
The general Retail Sector (as opposed to retailing of hardware home improvements by Home Depot and Lowes - studied in an earlier chart) - here represented by the VanEck Vectors Retail ETF (RTH, in green), and the mighty Walmart (WMT, in blue) - only occasionally (more often by WMT) acts as an early indicator against the broader market (here represented by the...
SPY closed -0.6% lower on quadruple-witching expiration this Friday. SPY was up 1.3% on the open on the back of ES futures that gained strength in overnight session from European stimulus and China's trade news. After a mild liquidation break in the morning selling started in earnest on the news of AAPL closing stores in two states due to Covid-19 spike. At...
Real Trading Hours used to matter, but when all are short and machines can run in the overnight sessions which now dominate this market in reality. IT is what it is! Don't overthink or overtrade a thin man market with low volumes. Today is the lowest volume of the week by the way! And its Quad Expiration tomorrow!! Ha ESZ7
$RTH is mostly $WMT and $HD both of whom report this week.
7-10-16 RTH @79.45 – bullish – Rallies to challenge the 80.10 all-time-high RTH rallied strongly off the 74.01 low (June 27, 2016) to post a new YTD high at 79.46 (July 8, 2016). Bullish momentum suggest it is likely to challenge the 80.10 all time high (December 14, 2015). A decisive break through the latter is needed to confirm a 19-month base over the...
Head and shoulders pattern seen in RTH daily chart. Negative momentum indicators. Possible negative retracement