currently DXY is in a very strong support zone after a sharp decline due to lower inflation expectations in the US and as a result of less action expected from the Federal Reserve. Recession and possible global risk can make the dollar very strong and demand will be faced. A lot of data will be released until February 1, which is the Federal Reserve meeting, and...
You all know that I have been talking about this blowoff top thesis for quite some time. I have good reason to believe we are beginning that run today. Let's talk about the details: where we're going, what is the time frame, and, most importantly, how should we trade this? Stew
Apple filled a major daily gap today and had a significant intra day reversal off that level. Apple being the largest weighted stock we have to always be aware of the technical levels. Hitting major resistance today makes it unlikely we see the markets rally significantly without positive news. Since Apple moves the moves the market, if it cannot get through...
TSLA showed great strength in todays session, closing + 7.74% Tesla closed above a key resistance trendline for the first time. If it can hold this level and build a base, favor Bullish action in the near term. If it loses this level it likely retests $113.
What will cause EM's to breakout? Last time it was QE. Clear resistance and near term inflection point.
Disney - 30d expiry - We look to Buy at 100.22 (stop at 96.86) Previous resistance at 100 now becomes support. Trading close to the psychological 100 level. We look to buy dips. Short term momentum is bullish. We look for a temporary move lower. Bespoke support is located at 100. Support could prove difficult to breakdown. Our profit targets will be...
Are you following my research yet? Check out my SPY Cycle Patterns and decide for yourself if my predictions are accurate: SPY Cycle Patterns for this week: 1/15/2023 GAP Potential 1/16/2023 GAP-Reversal 1/17/2023 Breakdown201 1/18/2023 POP 1/19/2023 1/20/2023 BaseRally301 1/21/2023 Break-Away 1/22/2023 Rally-111 1/23/2023 Carryover 1/24/2023 ...
Traders, You all know that I have been expecting and discussing this day for many moons now, the day we break above our macro downtrend. Today is that day. Day 1 of what I expect to be a blowoff top that will surprise many investors, maybe a majority of investors. Before I get ahead of myself in enthusiasm, we will need another confirmation candle here on the...
ITC is on the path of multiyear, multi-trendline breakout path. Let's see if it's vertical rise breakout or will remain in channel and take a long time to breakout. The targets are marked on this weekly chart.
-Price inside Daily Supply -Price Broke 1hr/4hr upward trend lines -Price removed opposing 4hr/1hr demand zones -1hr RBD supply zones reacted -Took a short form the top of the RBD supply and looking for TP around 2:1 or 3:1 with trade management around 2:1.
Good Morning! 👀 $NDX, made it clear it would not break 1st try However, this is NOT the 1st! $DJI maintains its PUMP, need HIGHER HIGH #stocks are pumping, risk $VIX stable over last week $DIA $QQQ #NDX #DJIA
Good Morning! $DJI maintains its PUMP, need HIGHER HIGH 👀 $NDX, made it clear it would not break 1st try However, this is NOT the 1st! #stocks are pumping, risk $VIX stable over last week $DIA $QQQ #NDX #DJIA
Hey guys, AS we can see with tsla is that the demand area is reaching new highs. take that point of entry we can expect good reward risk. based on fibonacci strategy and levels of support breaking up
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A major macro move is coming for the stock market.I think this structure looks really good, has a solid volume profile, and best accounts for why the major resistance(Orange) was so easily taken back from my last update. we were just consolidating within the pattern. On a break up, I am looking for 435 and possibly a revisit the all time high. On a break down, I...
Hey Traders, in this week we are monitoring US500 for a buying opportunity around 3840 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
US government bonds are going to crash. This means nations, banks, mega corporations will pull their money out and back into the stock market. The tech money will go back into coins like truebit and future coin ftr
HTF context: Probably going down as multi-zigzags, to complete Wave C of Diagonal (yet to be formed)