Yesterday, the S&P 500 Index succumbed to market pressures and fell below the critical resistance level of $4,200. By doing so, SPX invalidated a bullish breakout above the narrow range (the zone between $4,050 and $4,200) and retraced very close to the 20-day SMA. This development might suggest exhaustion for the rally, but it is still too early for bears to call...
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Held the level identified and flowed path nicely! Popped some resistance after hours, will see at open. Get a bit of div on the 4hr here, so looking for this path to...
Hello traders here is an update of APPLE stock and you can see that the target was hit
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! In since $21. Taking some off here and looking for a retrace to add. At some previous consolidation now, break this and $42 is the next congested area. Hype can send...
I would like us to retrace before we continue up, if we go up from here i expect a bigger retracement in the future and the continuation to be weaker. Bascily if you want SAAB to continue up in the long run you want a healthy retracement here. I can see SAAB to go up to 790 based on trend-based fib extension. After the retracement, if we hold the bouncing levels.
If you tell me that we wont go up and test the 4300 zone I dont know what to tell you. I am very certain that a move upward to that area will come soon. If we break through or not I dont know but a test of it is almost inevitable. I believe that we will break through it aswell and consolidate above for a longer time. Take care.
Despite the recent SpaceX rocket explosion, the space race is still in full swing with much private capital flowing into civilian space travel and satellites. Virgin Galactic has already claimed commercial space travel services will be ready in June. Astranis just launched its first satellite to provide internet access to remote regions. As the US and UK markets...
Short term Elliott Wave View in Advanced Micro Device (ticker: NASDAQ:AMD ) suggests the rally from 5.4.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 5.4.2023 low, wave (1) ended at 99.94 and pullback in wave (2) ended at 93.45. The stock resumes higher in wave (3) with subdivision as another 5 waves in lesser degree. Up from wave...
New York Times Co - 30d expiry - We look to Sell a break of 35.19 (stop at 36.39) Short term bias has turned negative. Trading has been mixed and volatile. Trading within a Corrective Channel formation. Price action is forming a bearish flag which has a bias to break to the downside. 35.29 has been pivotal. A break of the recent low at 35.29 should result...
#stocks Everyone is currently awaiting the approval of the US national debt increase and, for some reason, they think it's very bullish. But why isn't it? The S&P index is essentially stagnant, while the Nasdaq is growing. However, this growth is driven by the seven giants, and if they are removed from the list, the Nasdaq has only grown by about 1% since the...
Based on bearish higher timeframes, we are scaling into current price action. We failed to create a new higher-high to continue countertrend, thus giving us opportunity for possible sells / shorts. Entry is based on fib-retracement snipe zone, institutional candle, overall trend and minimum Risk:Reward 1:4. Possible areas to Take Profit are the moneybags. Could...
- T-bills to be issued by the end of Q3 drain liquidity and have an impact similar to a 25 basis point increase in benchmark rates. - Further market extension is challenging due to possible overtightening. - Unemployment data is a significant turning point. - Unsatisfactory market breadth. - Significant divergence between Nasdaq and Treasury 2-year. Hello...
The weekly MACD is about to cross, where the fast blue line crosses the slow orange line from above. The last 3 times this has happened, a large correction happened and a bearish longer term trend has been established. At the moment, the MACD is about to cross. While we're not there yet, a drop of a few percent will most likely cause the lines to cross. Also,...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on MONTHLY: Left Chart After rejecting the 26.0 resistance zone, AAL has been overall bearish. However, AAL is now sitting around a strong support zone and round number 10.0 on WEEKLY: Right Chart For the bulls to take over, we need a break above the last major high in...
US President Biden has announced Republican congressional leaders have agreed to raise the debt ceiling, though Congress has not passed it yet. Meanwhile, US quarter-on-quarter GDP rose by 1.3%, higher than Mitrade's estimate of 1.1%. USD/CAD closed higher at 1.3611, and USD/JPY climbed to 140.60. EUR/USD declined to 1.0719, with German quarter-on-quarter GDP...
AMZN - Take off 60% ? A popular stock + above the average line 150MA + Down Resistance line breakout (4 times & BOOM). Only an idea and not a recommendation for trading !
Broken support line, channel, 3 attempts to recover resulting in 3 inverted hammers rejections on support turned to resistance it seems, PT $94 $92 $85 respectively unless it recovers the channel. Risk reward favors a trade short risking daily lose above 102
bearish posture short term, just lost 50MA, vol profile favors a pull back to 275 which is also .618 Fib