DJ:DJI is having hard time here, again. The RSI is much lower, negative divergence, steam running out? NASDAQ:NDX is higher but also losing steam, RSI lower. SP:SPX AMEX:RSP & AMEX:IWM all put higher highs but they're also giving back. All the #indices have low volume. Kind of normal for this time of year. TVC:VIX is lower....... Sell on...
Weekly Chart ZOOM ( NASDAQ:ZM ) has created a super famous Double Bottom I expect ZOOM will go up Chart 4h TF Price struggles in that range between two trend lines. We need to wait it breaks out that zone. Wait and see
Traders, It is always amazing to see properly researched TA play out as it indicates it will. In this case, the target seems to be following precisely the previously drawn arrows. Now, we will be testing that neckline on our H&S pattern again. My expectation is that we may incur another slight bounce there before finally breaking our long-held strong support,...
Traders, A confirmation of this breakout on the daily will lead me to believe we are going to 461 at least and maybe further up to 469? See my latest post on the dollar's trajectory for more (in related links). Stew
H4, Daily, and Monthly are all at an RSI extreme There are multiple tops on daily with massive divergence The market has been going up for a long time now due to a correction downwards, and I believe this is the time to start selling. Most stocks have been looking like this for a while now and I believe they should all start to fall
In this analysis I want to take a look at the 50-period and 200-period moving averages, plotted on the 3-day chart of BTC. Historically, golden crosses (50-period crossing over 200-period) has always officially signaled the end of the bear market, meaning that there's no new lows to be made. This would mean that 15,500$ was the low of the current bear market and...
It has been almost 8 months since we called for a heavy buy on Visa Inc (V) following the long term Channel Down upward break-out (see chart below), an analysis that attracted such interest that was featured on TradingView's Editors' picks: As you can see, that projection is so far flawless and Visa is cruising into a new Bull Cycle. At the moment, the price...
SP500 is looking higher for wave 5 of (5) of a five-wave bullish impulse by Elliott wave theory. SP500 is bullish from 4100 area, an impulse that can resume even higher as the current sideways price action at 4360-4500 area appears like a corrective fourth wave, possibly a triangle or flat, but in either case more gains can be seen this month. Hidden divergence...
Salesforce - 30d expiry - We look to Buy at 216.11 (stop at 206.11) The primary trend remains bullish. Broken out of the triangle formation to the upside. Previous resistance at 216 now becomes support. We look to buy dips. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. This...
Etsy, Inc. (ETSY) pushed above the 1D MA50 (blue trend-line) today and is headed for the top (Lower Highs trend-line) of the 4 month Channel Down. That is the short-term pattern within the 1 year Triangle formation, and since yesterday was a Higher Low on its bottom, if the Channel Down breaks, we expect a strong bullish reversal. In fact the same Double Bottom...
S&P 500 INDEX MODEL TRADING PLANS for TUE. 07/11 Markets are waiting to see and digest the inflation numbers and then the kick-off of earnings season. If early earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top; but, if the earnings appear to be on track or with a bias to the upside surprises then...
Your guess is as good as mine. One day we are up another is down. One week is up, one month is sideways. This is NOT conducive for trending markets. This is NOT conducive for breakout traders. This is not conducive for momentum traders. So we need to wait for a breakout to have a better idea on where it wants to go. Right now I'm long 8 stocks and short 6...
Spring 2025 #Bitcoin is going to have a great bull market (maybe the last one) before a deep slumber #LFG
Some beautiful setups! #HVF pattern already broken and in progress Bull Pennant breaking out now and the final pattern that could form is a massive W pattern (Hence why I put that target on a linear scale)
Adobe is consolidating after the June 16th high that was the peak of an enormous 1 month rally. The 1D timeframe has started to normalize (RSI = 68.673, MACD = 19.860, ADX = 22.091) the previously overbought condition but technically there is still some way to go before we reach a low risk buy entry. We believe that is near the 1D MA50, so we are turning bearish...
Published an interesting W pattern I spotted on the US30. - so far, so good. looking to hold this support and continue up. Bull market for stock's? - I'm sure this is just a relief rally. *This will be a bull trap, especially when this break's all time high's More tightening to be expected through this year - credit being squeezed each month. another pause from...
Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75) We are trading at overbought extremes. Previous resistance at 64 now becomes support. The previous swing low is located at 63.32. Bespoke support is located at 64. We look to buy dips. Expect trading to remain mixed and volatile. Our profit targets will be 70.75 and 72.75 Resistance:...
Last week I made an analysis on Bitcoin where I wrote that I was expecting a break out from the range. However, BTC reversed sharply after hitting the ~31.5k resistance. No entry has been made in the previous analysis because we didn't close above the yellow area. As of now, BTC is seeing another strong influx of buyers. Again, I'm looking at the same structure...