Spdr
SP500 UpdateThose who stayed short - well done!
The message of this chart is that for the remainder of this and early next week, the price can spend consolidating. I do not do intraday trading, hence, the strategy would be to take it easy, watch waves and add shorts if opportunity emerges. The price can continue crumbling down - I do not rule this out. At this stage of the move, it is better to stick to existing positions and watch. For that reason I do not endeavour to label wave 4 in the making. Overanalyzing hurts trading.
What do you think?
make gold great again :/last days we see a volume increase and some bullish indikators like momentum and stochastik. but also we're hitting a gap resistant in the gold-ETF. i would wait for a consolidation respectiv a bounce back to the 170$ support to get into it.
overall i think with high inflation and all the crisis over the world goldcould be more attractive in the next time.
also the kryptos bounced back hard which is due to the fact that the interest rates are climbing a bit. kryptos are the new gold some people say and yes thats true. but now could be maybe a little switch to gold back again.
have a nice day, greetings from germany
Nasdaq UpdateNasdaq performed exactly as we charted in our previous analysis of the alternative case . At this point, Nasdaq rests on strong support formed by 200MA on the D chart, and the bounce is likely. The bounce can be short-lived - just enough to form a wave (2). A more pronounced bounce will complete a complex wxy scenario.
Clear impulse waves down (1) and 1 speak in favour of the white case.
Red case is advocated for by the strong support and, also, DJI chart (to be posted next) which still lacks one last leg up to complete ending diagonal.
Look for the post at the site for a complete picture at different timeframes. I will do my best to have it before the US opens.
DJI The Big Picture The big picture for DJI is getting more clear and potential trading opportunities are staggering. Developments over the past few years can be charted as WXY sequence of corrective waves. That is likely to be wave 1 of a gigantic ending diagonal. Even more bigger picture is coming in next posts.
XLC SPDR ETF long swing trade ideaI recently tweeted few ETFs that went looking good at the time, one of them was AMEX:XLC .
The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on AMEX:XLC . This trade has the potential to yield a 1:3 risk-to-reward.
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BUY SPDRI wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
Short on SPDR Select Sector Fund. XLEThat's right. Short on this one and we are right in a middle of a corrective zigzag on this one. we may have very transient and short upward transient movement, but then that will be followed with an honest conversation with gravity.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Sector Winners and Losers week ending 9/17Energy (XLE) topped the sector list this week after the OPEC Monthly Report on Monday projected that demand for oil would exceed pre-pandemic levels by next year. The sector also got a boost from Crude Oil Inventories data released on Wednesday that showed much higher demand than expected.
Consumer Discretionary (XLY) moved into second place after great Retail Sales data on Thursday.
Utilities (XLU) and Materials (XLB) were the bottom two sectors for the week. Although markets were lower this week, investors did not flee to defensive sectors.
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Sector Winners and Losers week ending 9/10All sectors declined this week as the S&P 500 pulled back from all-time highs. Consumer Discretionary (XLY) was poised to end the week with gains before losing those gains in Friday afternoon selling.
Real Estate (XLRE) was the worst-performing sector of the week after outperforming the market in the previous week. The sector erased all of last week's 4% gain as investors reversed the trade that is supposed to protect against inflation and benefit from low interest rates.
Utilities (XLU) took the top position on Wednesday but gave the lead back to Consumer Discretionary on Thursday.