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Stochasticdivergence

SPX temporary bottomThis could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far from it. The situation in the world is unpredictable and unstable. Another reason are the Elliot waves on the weekly chart that I posted showing where the price could go.
SP:SPXLong
by BernardPupacic
1
Is the SPY carving out a bottom? A Bollinger and MA study. In this video I discuss the importance of the 3rd standard deviation from the 50 SMA on the SPY, QQQ, and NDX. Details in video. TLDR: The SPY has found itself at extremes: The Stochastic, the ATR, and the 3rd standard deviation (lower Bollinger Band) on the weekly timeframe all show this. Pull up the weekly SPY, add the Bollinger Band - go to settings: change the period to 50 and the stnddv to 3, add ATR, add Stochastic, add the 50 SMA - these will paint a picture of the extremes Study the corrections vs the crashes, 00', 08', 18', 20', 22' - ask yourself: is this a correction or a crash? Consider the extremes and consider the history of corrections/crashes and how they uses these extremes. I have heard this argument A LOT last week: " The NASDAQ and IWM are already at -30%.....if the SPY is to go lower that means the NASDAQ may go to -45% and THIS is not possible." ---> I beg to differ, but recognize the importance of the Bollinger bounce. Look at the dot com bubble and the housing market crash, extremes can be used as a trend line for extended periods. Remember, nothing goes straight down or up, there is always trending days/periods and range days/periods. It is best to be able to quickly identify which type of day/period you are trading in in order to ultimately use your indicators correctly. Although I remain in the bear camp, I am absolutely open to the idea of a huge massive bounce here before the 200 SMA is tested. This bounce may come with a test of the 50 SMA in the 440's - where is goes from there I am not yet ready to speculate on. Since though I am remaining bearish, I do see a higher probability of the 200 SMA being tested before the real rally to the 50 begins. Either way, I do expect a rally in the near term, news and catalysts aside. Please watch the video for a more detailed look, and please chart this out yourself to draw your own conclusions.....as these are ONLY my opinions and NOT financial advise.
AMEX:SPY
by OccamsPhazer
1
GBPJPY Bullish Possibility GBPJPY bearish movement seems unable to penetrate the strong support. GBPJPY made a base around strong support which indicates the price had big chance turning into a bullish move. A bullish negative divergence is also seen on the Stochastic Indicator. I predict the price will reach the area of ​​151,570 - 152,217. Because there is a small resistance and the golden ratio of the Fibonacci clusters gathered together in the area of ​​the price range.
Long
by ivanderyoshua
XAG/USD 1W analysis 07/07/21Hello everyone , as we all know the market action discounts everything :) XAG/USD showing weakness this week with a few signs for a bearish movement in the next few weeks , market price is moving bellow the Moving average ( bearish sign ) and both the STOCH and the MACD giving out sell signals . but there are no signs of a Big bearish reversal yet the market is still in a good area . Fundamental analysis : On the long-term outlook, XAGUSD is bullish . Silver was under the bears’ control for many weeks. The bearish momentum pushed the pair to bottom at $25 support level on June 17. The bears lose momentum and could not break down the mentioned level. The bulls have been struggling to break up the resistance level of $26. On July 02, the bulls dominate the market and they were struggling to break up the $26 resistance level . The Silver price has penetrates the 9 periods EMA upside and 21 periods EMA is the next target which indicate that bulls are trying to dominate the silver market. The weekly market closed at the $26 price level, it seems the bulls’ pressure is increasing and the bulls are trying to reverse the price. An increase in the bulls’ momentum may increase the price to break the resistance level at $26, which may further incline to $27 and $28 price level. Failure to break up the resistance level of $26, the price may continue a bearish trend to $25, $24 and $23 price levels. Support is seen at $23.78 initially, then more importantly at $22.26/21.68, which we look to continue to hold. Indeed, below $21.68 would mark a top to instead throw a serious question mark over the longer-term base Make sure to Follow and Like for more content This is my personal opinion and not financial advice. If you have any questions please ask Thank you for reading.
FOREXCOM:XAGUSD
by GabiDahduh
2
DJI 1D analysis 02/07/21Hello everyone , as we all know the market action discounts everything :) The market seems to continue its movement up with no signs of a reversal yet , all the patterns and indicators that we used on that chart are telling us the market is still not stopping here , MACD creating a bullish positive divergence, market price moving above the MA and the STOCH is in an overbought state . Fundamental analysis : The Dow Jones Industrial Average finished up over 130 points, or 0.4%, to end at around 34,633, marking its fourth-highest close in history as it inches toward eclipsing its May 7 all-time closing high at 34,777.76. Traders think U.S. payrolls on Friday could jolt markets from a slumber that has locked currencies in some of their tightest trading ranges for decades. Initial claims for state unemployment benefits dropped 51,000 to a seasonally adjusted 364,000 for the week ended June 26, the Labor Department said on Thursday, although they are an unreliable guide to Friday's broader indicators. Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading.
TVC:DJILong
by GabiDahduh
3
$BP PT 39 and higher BP PLC engages in the energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, and field development and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power, and natural gas liquids (NGLs). This segment also engages in the ownership and management of crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGLs processing business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers gasoline, diesel, and aviation fuels; lubricants, and related products and services to the automotive, industrial, marine, and energy markets under the Castrol, BP, and Aral brands; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. The Rosneft segment engages in the exploration and production of hydrocarbons, as well as jet fuel, bunkering, bitumen, and lubricants activities. This segment also owns and operates 13 refineries in Russia; and approximately 3,000 retail service stations in Russia and internationally. The company also produces ethanol, bio-isobutanol, bio-power, and solar energy; transports hydrocarbon products through time-chartered and spot-chartered vessels; and holds interests in wind sites. BP PLC was founded in 1889 and is headquartered in London, the United Kingdom.
NYSE:BPLong
by BADQOMOCAWGOWLD
$AEZS Target PTs 3.50-5.50-15Aeterna Zentaris Inc (NASDAQ: AEZS) has exercised its option announced on February 2, and entered into an exclusive worldwide sub-licensable patent and know-how license agreement for a potential COVID-19 vaccine. The vaccine is currently in preclinical development and was invented at the Julius-Maximilians-University in Wuerzburg. Additionally, the Company has entered into a research agreement with the University to conduct supplementary research activities and preclinical development studies on the potential vaccine. The vaccine technology uses the approved typhoid fever vaccine Salmonella Typhi Ty21a as a carrier strain. It has the potential to be an orally active, live-attenuated bacterial vaccine to prevent COVID-19 infection. The Company will pay an up-front payment of €140,000, certain milestones payments, sales milestones, and a percentage of any sub-licensing revenue. Recently, AEZS obtained an exclusive license from The University of Sheffield, the U.K., to parathyroid hormone fusion polypeptides, which will initially be studied for primary hypoparathyroidism. Price Action: AEZS shares increased 15.3% at $1.36 in premarket trading on the last check Monday.
ALong
by BADQOMOCAWGOWLD
6
$LABD PT 40 and higherThe investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the S&P Biotechnology Select Industry Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.
AMEX:LABDLong
by BADQOMOCAWGOWLD
2
Feast ur eyes, see for yourselves! Maybe be a 'lil reversal? It's early to tell if this is a SHORT TERM reversal for this gorgeous fledgling stock. In long term months it may go up. In the medium term it may go down. in the short term it may go up. It's trading lower today. I have it going down on the daily and weekly chart. However on the 4 hour it looks like it MAY be reaching NEAR relative bottom/support. It went v high so it will take time to consolidate. I don't want to make any public predictions about how long the bearishness will last. However, I will say that my strategy is a yolo diamond hands HODL. I will HODL this stock and grab more. Specifically, I am buying more call options for January 2023. NOT INVESTMENT OR TRADING ADVICE. Could it be a long term yum yum style? Do your research! Not trading advice!
NASDAQ:SNDLLong
by primroseverglade
2
$MYT Urban Tea, Inc. engages in the specialty tea product distribution and retail business in the People's Republic of China. The company offers tea-based beverages, including fresh milk tea, fruit tea, milk cap tea, etc.; light meals comprising salads, sandwiches, pasta, steak, burritos, and other healthy options; and pastries consisting of fresh baked bread, fresh baked cakes, frosting cakes, etc. As of June 30, 2020, it operated through four tea shops, including two flagship and two general stores in the Hunan province, the People's Republic of China. The company is headquartered in Changsha, the People's Republic of China.
M
by BADQOMOCAWGOWLD
The defining momentGBPUSD has pulled back quite a chunk after hitting the monthly trendline and right now we are sitting on the 200 Day Moving average and also holding just above 0.382 Fibonacci retracement from an all-time low in march Next week will be an extremely important week for GBPUSD since the pair will either bounce back to levels above 1.28 or drop below the 200 Daily SMA and continue the rally. Starting from Wednesday GBPUSD has gone into a zone between 1.2690-1.2775 and there is a breakout attempt on Friday Europe opening but eventually got push back and all the way down to the low of the zone Despite the pullback of DXY leading all USD pairs having a week to pull back a little, stochastic divergence are coming in to show a sign of trend reversal But right before US market closing, there is a stochastic divergence showing up in H1 chart which indicated a trend reversal and leading the pair pulled back from the low of the zone to 1.275 and it is possible to be breaking the high of the zone and closing the day above 1.278 on Monday which will give a clear bullish signal as a break of market structure But if GBPUSD did continue the rally and falling below 0.382 level and trading below 200 Daily SMA, then the significant levels below 200 Daily SMA are 1.246 1.225 1.21 Please be aware that there is huge uncertainty over the United Kingdom as - it is getting closer and closer to the end of the transition period for Brexit - second wave of corona looming as cases spikes Thank you for reading, please leave a like if you like the idea, hope you have a good weekend!
by Esteiknarf
2