Looks likely to continue lower as all signs suggest a rotation out of the dollar which will help stocks, metals and crypto move higher
Walmart - 24h expiry - We look to Buy at 139.11 (stop at 134.61) Levels below 140 continue to attract buyers. The primary trend remains bullish. This stock has seen good sales growth. Preferred trade is to buy on dips. A higher correction is expected. Our profit targets will be 150.11 and 152.11 Resistance: 150.00 / 151.12 / 153.00 Support: 148.15 /...
Expecting a Pull Back on H4 TF, Projected Area 2038-2050 Entry Anticipation: 2043 Targeting 2000 Zone (Imbalance) as TP.
Price is Already Trading Bullish on HTF. On M15, CHoCH is Developing which will end Short Term Pull Back and Price will Resume Bullish. Keep an Eye on M15 and M5 Structure Development. Risk Disclaimer: Forex is only Suitable for those People Who Understand the Financial and other Risks involved. Please Ensure You fully Understand the Risks and Carefully Consider...
A banking crisis may be underway in the US and could bring equities and crypto to their knees until the Fed is forced to respond by turning the printer back on and cutting rates. Expecting a very dovish FED in the following months as more banks follow SI and SIVB, suffer bank runs and must be bailed out by the FDIC and the Fed. We will likely see the full extent...
Bias: SPY looks good to go higher if it holds the 412 area. QQQ looking more like an inside day with room to move in either direction Top Watches: Long - TECK, WFC, BAC, JPM. Short - BA, CTLT. Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this,...
In this analysis I want to talk about the comparison of the current end-of-bear rally and compare it to the one we got in 2019. This analysis is based on just 1 previous occurrence, so deviations are possible and expected. Some key points of the 2019 end-of-bear rally: 🔶 It took 28 weeks from top to bottom. 🔶 The price topped at the 0.618 Fibonacci retracement...
Yesterday, the SPX rebounded at the 4086 level and broke through the previous high of 4134. Today, it is recommended to buy at a lower price around 4121. This is because it has obtained support from the previous level and the moving average. Currently, the pre-market has opened higher, and we are waiting for the 8:30 data to come out to see the direction of the market.
Update on the current environment - Orange The market has never gotten into an easy dollar environment according to the STEM model! Do not judge the market hostility based on what indexes are doing - this is simply WRONG, if you follow the Breakout methodology taught by Mark Minervini, William O'Neil, CANSLIM investors, Gil Morales and the likes. Currently, the...
You must be patient here with SP:SPX as it is testing again the 4150-4200 zone. It has the most bullish potential then the other Indices but it need a confirmed break above 4200.
ADA has been trading inside this bullish channel for nearly three weeks now. I'm anticipating that it will continue to do so in the near future. I'm looking for a move towards the bottom support area of the channel before considering an entry. Target is the top of the channel.
In this analysis I want to shed some light on the fact that the 2-week is an amazing tool to determine the start and end of Bitcoin trading cycles. In this specific example, I'm comparing all three previous bear-markets. Note that the MACD has performed in a very similar fashion. The first bearish cross confirms the bear-market, and the first bullish cross...
UK national production in March recorded zero percent growth and a 0.1% three-month increase. Meanwhile, GBP/USD advanced 39 pips to 1.2520. EUR/USD climbed 55 pips to 1.1044, and AUD/USD surged 93 pips to 0.6781. US initial jobless claims increased to 239,000 in March, exceeding Mitrade's estimates of 232,000. USD/CAD plunged 104 pips to 1.333, and USD/JPY...
Silver is looking like a high probable short opportunity. its already very extended and overbought, but it may want to tag or pierce the orange trendline.
Gold has rallied over 26% in a few months. That is a massive deviation from the mean move in Gold, ofcourse much of this move is from banking fear. With an upsloping wedge pattern forming, gold is likely going to make a new directional move. Probabilities favor a break lower from this pattern but we shall see if Gold has other plans.
Hello All, As we can see Facebook (Meta) has sold off almost 50%. On a fear and greed chart, we would be entering the fear stage which is now presenting us with good long-term buying opportunities. In the chart we labeled three areas to start Dollar Cost Averaging back into Facebook (META). In the first area, we would allocate the smallest portion while the...
This week we are expecting price to move upwards near TADAWUL:4180 and make its way near TSE:4237 by the end of next week. All timeframes above H4 are currently bullish. Our outlook is to make several long positions within the H! towards the intended targets. With inflation data and quarterly earnings being released this week, we can anticipate that stocks...
HP Inc - 30d expiry - We look to Sell at 30.95 (stop at 32.15) The primary trend remains bearish. Levels above 31 continue to attract sellers. Expect trading to remain mixed and volatile. 31.09 has been pivotal. 31.02 has been pivotal. The trend of lower highs is located at 30.95. Our profit targets will be 27.95 and 27.35 Resistance: 30.30 / 31.09 /...