IBM - 30d expiry - We look to Sell at 134.98 (stop at 139.41) The medium term bias is neutral. Trading has been mixed and volatile. Expect trading to remain mixed and volatile. The trend of lower highs is located at 136. Preferred trade is to sell into rallies. Short term momentum is bullish. Early optimism is likely to lead to gains although extended...
Engie - 30d expiry - We look to Buy a break of 12.42 (stop at 12.04) Daily signals are mildly bullish. A break of resistance at 12.40 should lead to a more aggressive move higher towards 13.00. Trading has been mixed and volatile. Expect trading to remain mixed and volatile. Levels close to the 50% pullback level of 11.34 found buyers. Our profit targets...
Coinbase - 30d expiry - We look to Sell at 73.48 (stop at 78.66) The primary trend remains bearish. Price action continued to range between key support & resistance (60 - 74) although we expect a break of this range soon. The bias is to break to the downside. We look for a temporary move higher. 73.78 has been pivotal. Preferred trade is to sell into...
ABN Amro Bank - 30d expiry - We look to Buy a break of 9.63 (stop at 9.29) Prices have reacted from 8.69. Posted a Double Bottom formation. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 9.62 should result in a further move higher. Our profit targets will be 10.44 and...
EasyJet - 30D expiry - We look to Buy a break of 311.1 (stop at 288.8) We are trading at oversold extremes. The trend of lower highs is located at 370. The previous swing high is located at 375. We look for a temporary move higher. There was little net movement as we continue to consolidate within the 280 - 310 range. Although the bears are in control, the...
Airbus - Intraday - We look to Buy at 91.05 (stop at 87.57) 89.00 has been pivotal. Bespoke support is located at 91.00. A bullish reverse Head and Shoulders is forming. We look to buy dips. Prices have reacted from 87.00. Our profit targets will be 99.77 and 103.77 Resistance: 95.00 / 98.00 / 100.00 Support: 91.00 / 89.00 / 86.50 Disclaimer – Saxo Bank...
Sanofi - Intraday - We look to Buy a break of 83.71 (stop at 79.98) We are trading at oversold extremes. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. 83.58 has been pivotal. A break of 83.60 is needed to confirm...
ST Micro Electrics - 30d expiry - We look to Sell at 38.14 (stop at 39.33) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.21 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Our profit targets will be 35.14 and 34.14 Resistance: 35.00 / 36.00 /...
Stocks are edging higher, currently testing 3782, a level we have mentioned several times before. This follows a precipitous selloff, as the reality quashed hopes (as it so often does) of a dovish pivot in Fed policy. We collapsed from the 3900's almost 200 points, and found support at 3694 or so. We are currently seeing a tepid rally that is running into a lot...
Alstom - 30d expiry - We look to Buy a break of 22.51 (stop at 21.29) There is no clear indication that the upward move is coming to an end. 22.42 has been pivotal. The previous swing high is located at 22.37. A break of resistance at 22.40 should lead to a more aggressive move higher towards 24.80. Our outlook is bullish. Prices have reacted from 16.04....
We better start this post by reviewing the previous posts I published about the S&P500. As you can see in the 2 weeks time frame, it seems that the S&P500 index has completed a complete cycle and is in the main corrective waves.👇 As I expected, the first major corrective wave A is forming an Expanding Leading Diagonal.👇 Currently, the S&P500 is moving in...
S&P 500 – CASH: Selling On Retracement Into The Range Of Bearish Multiple Inside Bar + Small Pin Bar (Combo Setup) Price Action: Price moved lower from the Bearish Fakey + Small Pin Bar Setup that had formed early last week (We did not consider trading this setup, nor did we mention it). Potential Trade Idea: We are considering selling on a retracement higher to...
The market is correcting higher within the confines of an overall bear trend. Disclaimer The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment...
One thing is certain, the stock market index is very resilient.. We have early signals for a potential bounce/recovery. We see rising trading volume today as the index moves above EMA21 and challenges EMA10. Moving abose these levels would be good/bullish. (staying below bearish...) The whole chart structure is supportive of a jump to around 4,050 or...
This chart surprised me a bit - I was expecting Crypto to breakout towards the orange line and consolidate there until going back down - but euphoria/manipulation has driven it even higher. I stick to my initial path, but that short squeeze could hurt somebody bad.
This path has aged pretty well - perfect touch of the top of the wedge and now headed towards the bottom. Sticking to the initial plan - this isn't a bearish breakout.
We have a strong divergence between NQ1! and the RSI on the daily timeframe, then followed by a higher low (Nov.-Oct.). We have some early reversal signals. This thing can bounce/recover together with crypto. One last thing, a strong/main support has been hit which can also lead to a recovery... You can see it here: 14 Trade Ideas Predicting The NDX Crash |...
And it won't happen, they are late to the party as the blow-off top happened in 2021. Here we see the euphoria backed down - coming back to my initial trajectory - and expecting it to stay that way - consolidating and injecting uncertainty into the market. My next strong trend is downwards - but it may take weeks until it happens.