AAPL - Short PositionWhen looking at AAPL current underlying value and most recent price behaviour when using a 2-hour range, investors can see a shooting star bar formation. Underlying price movements of AAPL witnessed a loss of its initial gains in this instance, the shooting star formation shows a bareish correction after a failed attempt to keep underlying stock prices higher.
When observing 50 and 100 day ranged EMA averages investors can see that on the 29/08/22 – 30/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling 5%.
This was after bullish rallies that were witnessed since July. On 06/07/22 shorter 50-day EMA moving average crossed above longer 100-day EMA moving average. This fresh bullish crossover was followed by a rally that saw the underlying share value to increase over 20%. Currently EMA moving average lines are not moving back towards one another, instead they are moving parallel in a different trajectory. This was after the rejection of bullish momentum. Therefore, the down trend is more likely to strengthen before corrections occur.
Based on EMA moving averages and candlestick patterns and behaviour we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
Sandp500
SPY in Clear Downtrend - Where are we headed next??Ever since the S&P 500 topped at the end of 2021 we have been in a clear bearish down trend.
Here we're looking at the weekly chart. Drawing fibonacci lines we can see the area's of previous support tell us to keep an eye on these levels:
345
320
300
275
We can also see that the RSI is oversold on weekly so we can potentially see a little rally.
Macro trends are not looking great with inflation hanging around, Russia vs Ukraine tensions, etc
Happy trading!
Decisional BlockingToday is very choppy day, but you can't look at the market for the same scenario everyday, but rather build a context around.
The world is returning back to its wage driven motivation.
It's a lot of bubble economies now that are web based, and have no real utility in the physical plane and I believe that price's true nature is to level
the playing fields on both sides of the ticker, but directed by the true intentions of parties who have dominating interests.
And this is okay.
It's only Tuesday.
Amazon Short PositionCurrently priced at $135 Tesla’s underlying stock price sits between its weekly PP 0.236 and PP 0.382 Fibonacci resistance pivots . Currently priced just below weaker PP 0.382 resistance level the stock is trading above its central PP level. This is a bareish signal. Investors should expect a correction towards its support. Furthermore, Tesla’s underlying price sits outside the 20-day ranged Bollinger’s upper bound. This is also a bareish signal, investors should expect a correction towards it’s lower bound.
Based on these signals it’s reasonable to assume a bareish correction towards the Fibonacci’s support. We anticipate Tesla’s underlying price to reach it’s 0.382, R1 resistance pivot before bareish corrections occur. Based on buy trends since the start of the year represented by the green candles, Tesla’s underlying stock price has pretty much reached the top of a buying trend and investors are about to witness bareish corrections. I have presented this using swing low and high prices since the start of the year.
Therefore, we have set a purchase price between the PP 0.236 and PP 0.382 resistance level . We anticipate based on buying trends that the green candles will reach a price of at least $137. The team have set a target price in line with the Fibonacci’s middle support pivot of PP 0.706. The buyer should sell around $101.
SANDBOX : Day trade (LONG)SANDBOX: Day trade (LONG)
Some trends show some increased trends coming time for SAND
Its very hard to find the right coins in a moment where most coins don't move really, and same time we are in a time where the take profits are faster than before. but trends change with time
If there is real breakout trends or high increase, for 90% we will find them with our trading algorithmic including volume study
We use 10% of work depending on algorithmic the rest studies.
When we add coins it means not it will increase: but the coins that we add have the most chance at that moment to change or in the short term.
S&P: THE KISS OF DEATH MOVE.Hello traders, welcome to this S&P 500 update. This is my first time analyzing the S&P 500 and I hope it will be helpful.
To analyze this chart, I am using the 21 monthly moving average and the kiss of death pattern.
The S&P 500 is on its way to making a bearish move and it got stronger after the price got rejected below the 21 MA. The actual confirmation came into the picture when the S&P 500 bounce back after the breakdown and got rejected for the second time, this is where the 'kiss of death' pattern took place.
I am not blindly shooting arrows here. In the past, we have seen a similar move happening and that led the S&P 500 to drop around -44% to -53%. Considering the current scenario, if the S&P 500 happens to drop down then we can expect a drop around -50% at 2140 where we have good support.
As we all know that S&P 500 is known to be the best overall measurement of American stock market performance and if this goes down, we know where the market is heading.
That's it from my end. Please do share your thoughts and ideas on S&P 500 in the comments section. I will be honored to know more about it from your end.
Thank you and trade safely.
$SPX June bottom test. Up now or 40pts lower to weekly 200ma.Many people are wondering when the bottom will be in. Twitter pundits offer various reasons for a short-term rally. While those reasons may be logical and tradeable under normal circumstances, the market has yet to give us any confidence that a near-term bottom is in.
Interestingly (or alarmingly) SPX made a bullish reversal open today, only to form a bearish engulfing candle. Though remember, outside candles only trigger more selling if the low is broken, so that remains to be seem tomorrow. This chart presents a unique view of SPX using Heikin Ashi candles. White arrows mark turning points that correspond with RSI(14) dipping below 30. In the bottom pane I have included MMTH, a market breadth indicator. If you look back further on a weekly chart, MMTH normally is reliable for a turning point in markets.
While I would like to give weight to the bullish reversal today and think that markets will rally again in the next few days, I am using extra caution in my trade planning. Unfortunately, it seems this time around is not the "normal" that most traders are used to. Do not become biased by posts about historical matches and repeat patterns.
S&P 500 to test $350 by Oct based on 200 week SMAHere is a look at the 20 and 200 WEEK moving average on the IVV ticker. Note how the S&P has reliably tested the 200 week MA during strong corrections over the last 12 years or so. Rarely does the price go much below. It also seems reasonable to me that we both get a retest of the June low and a more significant test of the Feb 2020 high.
If we see this, then this is where I personally would start to get a lot more serious about going long. I am more of a "dollar cost averager" and have been moving some money into the market since May. I also think (given the current state of the economy) the $340-$360 price range should be a good place to build support (like 2015-2016 correction). Things are not looking as great from a liquidity standpoint with rates going up and the pull back on QE. Time will tell how much this will factor in. However, the job market is actually doing good, and people are still spending. Lets just hope that keeps up and we can avoid any kind of serious recession (2000 or 2008).
A look at the 1 day with 20 and 200 day SMA
Joe Gun2Head Trade - Correction on S&P500?Trade Idea: Buying SPXUSD
Reasoning: Holding major support on the daily. Posting a short term double bottom on the 60min.
Entry Level: 3708
Take Profit Level: 3755
Stop Loss: 3685
Risk/Reward: 2.03:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
XLE breaking down from Ascending Channel - global slowdown?XLE just broke down from its ascending channel, which might be signalling that the market is pricing in a global slowdown.
XLE also broke down from an ascending channel in '08 and '14. In the case of 2008, SPX crashed. But in 2014, SPX traded sideways/flat for a while
SPX SUMMER RALLY BREAKING DOWN? With the SPX rallying over 18% from trough to peak over the last few weeks it looks like the recent upward trend could be under threat.
As we can see on the chart above price is threatening to breach the lower third standard deviation (-3SD) off the linear mean at 4058.16. Given the high central tendency of signal to revert toward the linear mean(Pearson’s R^2 = 0.92), a deviation this far to the edge of the regression channel is not insignificant.
We can also see that our 1 day RSI has gone below its midline into bearish trend territory and our MACD has rolled over with signal exhibiting wide downside divergence at the mouth. These are not bullish signals.
If SPX price action fails to bounce back into the channel next week and falls firmly below the 4K line for a couple days or touches down to the 3850 price region, either of those would be enough to shatter the recent rally from a structural perspective. (Not financial advice.)
MSFT - Short position When looking at MSFT current underlying value and most recent price behaviour when using a 2-hour range, investors can see that on the 02/09/22 a three-bar pattern formed making up a shooting star. In this instance, this was a bareish indication, a failed attempt to correct the underlying stock value´s bearish momentum with bullish momentum.
When observing 50 and 100 day ranged EMA averages investors can see that on the 26/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling 7%. This was after bullish rallies that were witnessed since mid-July. On 27/07/22 shorter 50-day EMA moving average crossed above longer 100-day EMA moving average. This fresh bullish crossover was followed by a rally that saw the underlying share value continue to increase over 10%. Currently EMA moving average lines are not moving back towards one another, instead they are moving parallel in a different trajectory. Therefore, the down trend is more likely to strengthen before corrections occur.
When observing MACD and signal lines, investors can see that 06/09/22 the MACD line crossed beneath the signal line. This further supports our bearish sentiment.
Based on EMA moving averages, candlestick patterns and behaviour as well as MACD and signal lines, we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
TSLA- Short PositionWhen looking at TSLA current underlying value and most recent price behaviour when using a 2-hour range, investors can see that on the 01/09/22 a three-bar pattern formed making up a shooting star. In this instance, this was a bareish indication, a failed attempt to correct the underlying stock value´s bearish momentum with bullish momentum.
When observing 50 and 100 day ranged EMA averages investors can see that on the 30/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling 5%. This was after bullish rallies that were witnessed since mid-July. On 08/07/22 shorter 50-day EMA moving average crossed above longer 100-day EMA moving average. This fresh bullish crossover was followed by a rally that saw the underlying share value increase over 15%. Currently EMA moving average line are not moving back towards one another, instead they are moving parallel in a different trajectory. Therefore, the down trend is more likely to strengthen before corrections occur.
Based on EMA moving averages and candlestick patterns and behaviour we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
S&P 500 will test supportWe can see strong decreasing of S&P 500 during last days, seems like falling wedge has been triggered. Also i observe some correlation between S&P 500 and BTC, especially in that year that lead us to conclusion that top companies have bought cryptocurrency assets. But now i expect testing of first support line, you should be very carefull to place any orders. Thanks for reading :)
SPDR S&P 500 ETF - Short PositionWhen looking at SPDR S&P 500 ETF’s current underlying value and most recent price behaviour when using a 2-hour range, investors can see that a three-bar pattern is made up of a Doji and an Engulfing candle. In this instance, the Doji’s suggest a sideways correction whilst the Engulfing red candle suggests continuation of the bareish momentum.
When observing 50 and 100 day ranged EMA averages investors can see that on the 26/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling 5%. This was after bullish rallies that were witnessed since mid-July. On 19/07/22 shorter 50-day EMA moving average crossed above longer 100-day EMA moving average. This fresh bullish crossover was followed by a rally that saw the underlying share value increase over 15%. Currently EMA moving average lines are not moving back towards one another, instead they are moving parallel in a different trajectory. Therefore, the down trend is more likely to strengthen before corrections occur.
Based on EMA moving averages and candlestick patterns and behaviour we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
XLE and SPX Divergence Predicts Crashes?Whenever the price of XLE and SPX diverge, we seem to get a massive crash.
XLE creeps higher, but SPX makes new lows. Historically, what tends to happen next is that SPX falls off a cliff, as was the case in the 2000 and 2008 bear markets.
Today in 2022, XLE was creeping higher as SPX was making new lows. What happens next?
MSFT - Long PositionDivergence indication signals suggest bullish change in momentum.
Candlestick momentum shows a potential bullish hammer. The underlying stock price presented in the form of candlesticks seems to be reversing in line with its moderate 0.38 weekly support level. A bullish hammer can be identified within the down trend, a bullish hammer suggests that there will be a change in momentum.
When applying a weekly and monthly ranged Fibonacci, investors can see that this potential bullish hammer is occurring in line with its moderate 0.38 support level. However, when looking at the 1-month ranged Fibonacci investors are wary given that the stock is trading close to its central 0.00 pivot level.
EMA indicators suggest the stock is undervalued given that the underlying stock value is currently trading below all 20-, 50-, 100- and 200-day EMA averages. Furthermore, the crossover of 20- and 50-day EMA lines is a buy signal.
Based on these undervalued signals, we anticipate the stock to correct towards a stronger resistance.
MSFT - Long PositionDivergence indication signals suggest bullish change in momentum.
Candlestick momentum shows an inverted hammer signal. The underlying stock price presented in the form of candlesticks seems to be stabilizing in line with its strong weekly support level. This suggests that the bareish sentiment is changing and loosing momentum. Inverted hammer, whist not as reliable as a Hammers, still certainly suggest that bullish momentum is likely.
When applying a weekly and monthly ranged Fibonacci, investors can see that this inverted hammer is occurring in line with its strong 1.00 support level. However, when looking at the 1-month ranged Fibonacci investors are wary given that the stock is trading in line with it’s weaker 0.22 resistance level.
It´s important to consider that the end of July and August has seen bullish rallies. The underlying stock value of MSFT has risen above 10%. This was after bearish momentum that began on 16/08/22. Before this underlying stock prices had risen as much as 20% between 26/07/22 and 15/08/22.
All things considered, we are bullish in sentiment. We anticipate the price of MSFT to reach it´s weekly central 0.00 Fibonacci pivot.
SPDR S&P 500 ETF - Bullish PositionCurrently trading below 20 and 50-day EMA moving average investors can see that the underlying share price of SPDR S&P 500 ETF Trust is undervalued. Valued at $413.58 SPDR S&P 500 ETF Trust is trading in line with its 100-day EMA average, it’s important to mention that there is still a strong possibility that the stock will fall even further in line with it’s 200-day EMA before bullish corrections occur. Regardless these technical signals indicate to investors that we should anticipate bullish momentum for this stock.
When looking more closely at the stock and its performance, Fibonacci retracement pivot points shows investors that it’s currently trading at a strong support level of 1.00; further supporting this undervalued and bullish notion. Investors should anticipate corrections towards its resistance level. Investors should also take due care to the strong possibility that the bearish sell trend might reach a stronger support level before bullish corrections occur.
Based on the above technical indication, we have set a buy price in line with the Fibonacci’s lower 1.382 support pivot, in between 100- and 200-day EMAs. We have also set a sell price just above the 20-day EMA level. Based on Fibonacci, we have set a sell price in line with the central PP level, in between it’s resistance and support.
AMZN- Bullish PositionCurrently trading below 20 and 50-day EMA moving average investors can see that the underlying share price of amazon is undervalued. Valued at $133.35 AMZN is trading in line with its 100-day EMA average, it’s important to mention that there is still a strong possibility that the stock will fall even further in line with it’s 200-day EMA before bullish corrections occur. Regardless these technical signals indicate to investors that we should anticipate bullish momentum for this stock.
When looking more closely at the stock and its performance, Fibonacci retracement pivot points shows investors that it’s currently trading at a strong support level of 0.786; further supporting this undervalued and bullish notion. Investors should anticipate corrections towards its resistance level. Investors should also take due care to the strong possibility that the bearish sell trend might reach a stronger support level before bullish corrections occur.
Based on the above technical indication, we have set a buy price in line with the Fibonacci’s lower 1.00 support pivot. We have also set a sell price just above the 20-day EMA level. Based on Fibonacci, we have set a sell price in line with the central PP level, in between it’s resistance and support.
QQQ/SPY Topping Pattern?Pretty interesting relationship between QQQ vs SPY.
QQQ/SPY started massively deviating from the long term trend around March 2020.
We've since reverted to the mean a bit, and are now potentially showing signs of a top, which would mean QQQ is set to underperform vs SPY.
Double top scenario:
-we get rejected off the 21-week EMA, then break down from the channel.
Head & Shoulders top scenario:
-we rally a little longer up to the resistance level of the channel but then get rejected, forming a downward sloping H&S.
It would make sense if we saw QQQ underperform and then revert to the long term trend. However, the RSI is showing that we are very oversold, so perhaps this rally has more room to go.
The Rally Was Just A RetestThe rally we experienced in the last month was simply to retest the top of these two channels. The market is respecting those resistances and staying within the range of the channels. It might give you an idea of where we trade in the coming months.
Note: I'm using $AAPL here as a proxy for the overall market.