Here we have it guys! Prices could literally go anywhere, we could go long or we could go short! If prices pierce through the 1580.000 Region , we could potentially go to highs of 1640.000. HOWEVER. If prices break below the 1520.000 Region , we could possibly go to lows of 1500.000/1480.000/1460.000. Literally sit on your hands and let the markets do the...
3 drive to a top & 5 point reversal pattern Both patterns are reversal patterns. Target 1 will give approx. 170 points or a 12% drop. Target 2 will give approx. 276 points or a 20% drop. Best to your trading WallStScalper.com www.wallstscalper.com
I am watching this area closely on the IWM. IWM has been leading the major indices since the election.
I am favoring the bearish one?. How about you?
Last week we had a great example of a bearish harami candle formation on the weekly chart. A few weeks previously we a weekly bearish engulfment.. The intermediate tend line is broken from last October. Still the long term up trend line is intact but I think there is a good chance we will be at least testing that line, esp if we finish the week with an another...
Two very strong resistance cues: (1) you have the former support turned resistance line (2) you do not have a lot of room for price to advance if it does poke through the resistance line Here is what I am looking for: (a) price to breach resistance line to the upside (b) price to pop aggressively above the upper daily bollinger band (c) harvesting of the late...
This is a follow up from my longer term chart previously published. I think there is a good chance we are at the top. However bears having been saying this for about 2 years. So of course needs confirmation. Take care. Goodguy. Sorry my numbering does not match up with my previous charts. The (4) on this chart was 4 on previous. Doesn't change my position on...
Da bulls. We are long per our last post. We have hit out first target Friday and have pulled our stops up looking to the 4400 area for the next target. The third target will be open. Read past posts...if you were patient you were rewarded on this trade. Stay tuned
The NQ is getting close to firing off a long trade. We want to see a break and close above 4275 before we establish a position. This goes on the watch list. Watch more on our Weekly Video Update: youtu.be
On Sept 20th, we posted on our StockTwits about the formation of an Evening Star pattern. The Russell 2000 index managed to also form a death cross on the same day the Evening Star pattern was formed. This typically spells out danger for the future. As the indicators reach oversold territory, there is a chance buyers may bring it back up to the 200 day before this...
The Russell 2000 has seen strong moves to the downside, as market participants wonder whether or not there is a market top in place (regardless of what CNBC says), Price action is in an important place, resting on an ascending trend line created in mid-June. A break (with a retest and rejection of new resistance/former support is best) would iniate a short...
Friends, This past June 04th, I released three forecast targets, namely: 1 - TG-1 = 115.52 - 04 JUN 14 2 - TG-2 = 117.83 - 04 JUN 14 and 3 - TG-Hi = 119.72 - 04 JUN 2014. (See recent analysis that generated these targets here: ) As of today's close (Monday, 09 JUN 2014), the first target got steam-rolled then used as a springboard (pink arrow) for further...
Friends, Screening $IWM through my predictive/forecasting model, the following three targets were generated: 1 - TG-1 = 115.52 - 04 JUN 2014 2 - TG-2 = 117.83 - 04 JUN 2014 and 3 - TG-Hi = 119.72 - 04 JUN 2014. PREDICTIVE ANALYSIS/FORECASTING ORIGIN: These forecast targets are defined using the same predictive/forecasting model that produced all of my...
In 2008, the IWM completed a head and shoulders top two months before the SPY and DIA did, effectively predicting the coming crash in the SPY. Is the same happening today?
Russel done making it's correction with a EW triple combination. Finding support at the middle of trend channel. More important...Closing within bollinger band.... I see a move up here. Safe trading Ladies and Gents! BM Music at work: open.spotify.com www.youtube.com