Get started

RTH

Is ADA still BULLISH? A short review!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 (less buyers on the breakout). Perhaps, there is a struggle between the two groups of BIG traders who wants to make PUMP or DUMP. After the last collection of stop-losses, we expect a local pullback down. Here you can find a good entry point into a long position with a short stop and good risk to reward (RR). If the price without a pullback starts to squeeze to the level of $1.22 - this is also a strong bullish signal! Globally, it's still a bull market right now. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
Sector early indicator? Retail sector - not much (but watch WMT)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 DJIA in gray, and the NASDAQ in black)... falling from peaks... WMT peaking on 29 Dec 1999, WMT falling from a peak in Jun 2007, WMT fading from a peak in Jan 2011, WMT in Jan 2015, WMT in Dec 2019.
DJ:DJI
by dartde
Outside Distibution day follows Narrow Range daySPY 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 one time SPY was down -1.0% before dribbling to a weak close. In the past 8 day's, 6 red candles and 2 green candles, suggesting low vol futures ramp up in overnight session followed by bearish action in regular trading hours (RTH). But still SPY 300 support zone holds and SPY remains in no man's land. While indicator divergence gathers steam. VIX perked up. If VIX again trades above 40 expecting stronger bearish action on the tape. SPY levels R3 322.23 R2 317.70 R1 313.17 DP 309.85 S1 305.32 S2 302.00 S3 297.47
AMEX:SPY
by insyyte
1
Rallies to challenge the 80.10 all-time-high 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 66.66/66.92 double bottom (August 24, 2015/February 8, 2016 lows) and extend the rally towards 82.00 next. However, failure to break through the 80.10 tough resistance area would signal loss of momentum, and suggest the 19-month range remains intact. Outlook: Daily: bullish weekly: bullish Monthly: bullish
RLong
by novvoll12