$SPX has huge volume today & it's getting close to a major support up trend line. 3800 level is good support. Has held this area many times. RSI looks good Inverse Head & Shoulder pattern. I know it's hard to be anything but negative but all is not lost hope yet.
$DJI has seen a ton of SELL volume & in reality the environment doesn't seem conducive of any positives. Bu there are some. Pluses: Doji - Needs more confirmation tomorrow. Oversold on daily & support is 32.5k Major long term downtrend is around 31.1k Inverse Head & Shoulder can still pan out as long as #DJI doesn't break below the last barrier. Technically, it...
Later today, the US inflation data for February will be released, with Mitrade anticipating the annual reading to slow from 6.4% to 6.0%. With the SVB collapse in mind, the projection for next week’s Fed interest rate decision is swaying towards a more moderate target. USD/CAD then fell 41 pips to 1.3724, and USD/JPY plunged 180 pips to 133.18. GBP/USD surged...
Market Conditions: - trend reversal - bullish sentiment in the market Key Level and Lines: - $4015.4 resistance Trading Ideas: - go long after a consolidation above $4000 - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
$VIX rarely tends to trade in a small & tight range. #VIX Sold off big last couple months & traded in a decent range for a bit & recently, including today, popped big. As you can see it hit the top part of the Triangle Formation. Hard to call here but stocks gaining some momentum, being that many were OVERSOLD, including $DJI & $NDX, $SPX and so on, is not out...
If you are in the wrong spot, then most probably it is only going to get worse! Don't wait for your broker to close it all for you! I'm here to give a piece of advice and also take direct action on your account if it's in deep trouble! AubonacciGold.
$DJI bounce decently off support on daily charts. This may take some time to heal. However, IF #stocks can hold for the next few hours it can be okay. The only reason it's not pumping higher is $GS & $JPM, #banks. On the 4Hr we see a DOJI formed MORE than 4 hours ago & on the CURRENT 4 hr candle it is being ENGULFED WITH VOLUME. We want to see a close above 32k...
I really like the way ATAT is acting. Here is my note from this moring: $ATAT appeared to be one of the more promising opportunities at the beginning of the week. Although it experienced some decline on both March 8th and 9th, it managed to maintain a position above the critical lower limit of its base, represented by the red line on the chart. Compared to the...
Last summer, we explained how a recession in earnings would confirm the market’s progression into the second stage of the bear market (with the release of corporate earnings for 3Q22 and 4Q22). Furthermore, once major U.S. indices hit lows in October 2022, we warned that stocks and cryptocurrencies were experiencing merely another bear market rally, deceiving the...
It seems that inflation is considered the devil for the markets, so the focus will be on the next Fed meeting scheduled for March 22nd. Last week we saw a strong increase in NFP and this could be the first sign of a hawkish FED, but this week we will see the second and final sign for the markets: CPI release. These two drivers will complete the big economic figure...
H&S setup for Alibaba in key zone Great area to start entering slowly with a lot of great areas to have TPs Easy invalidation at next shoulder, and if more risk averse under head. Cheers.
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Hi viewers, RTX price break zone, tech. side showing we can expect higher bearish trend TP1:92 TP2:89
Hi viewers, WMT price break zone, tech. side showing we can expect higher bearish trend TP1:133 TP2:130
Hi viewers, BA price break zone, tech. side showing we can expect bearish trend TP1:192 TP2:186 TP3:180
Today, we'll take an in-depth look at Bitcoin and examine where we could be headed over the next few months. The chart before you is crystal clear: we are in the midst of a repeating cycle. Regardless of how bad the news may be, or how much global conflict or financial turmoil escalates, all that matters is the chart. The chart speaks volumes: Bitcoin came back...
$BANKNIFTY1! global data seen negative but we need to prepare on both side movement we need to see global market closing at the morning 1) if positive we short Banknifty or buy PE at 42000 nearby level 2) and below level we taking PE by trialling stop loss 3) if sustain above trend line we buy for the target at upside
Fear is increasing. But if/when VIX reaches extremes at upper side of 2022 range, then watch SP500 for potential supports. First is at 3800/3750