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Stocks Make New Highs!! What's Next??Stocks make new highs, despite persistent issues in the supply chain, transportation industry and protests over the vaccine mandates. The S&P 500 has broken out of the 4500's and seems to have secured the 4600's for now. We came within 5 points of our target at 4632, with the current high at 4627. We are seeing a red triangle on the KRI at this level suggesting we will face resistance here. Watch for continued momentum at open to carry the trend established in the Asia-Pacific session this morning. If it does not, we should range in the value area between 4580 and 4627. The Kovach OBV is still very strong, so the trend is likely to remain bullish.
FX:SPX500Long
by quantguy
1
BTC 5hrSo -- the Red is long term falling fib resistances and the Green is a short term rising fib support set. Super easy to read, not 100% accurate but good for channels/swings. Looking like the hype going into crypto is going to add some real wheels to this thing. Hopefully we break some of those northern resistances because a bounce off of that top .786 would send us into the atmosphere. A falling pressure is still very much alive. Bears have big nuts right now. They're gonna drain eventually and have to eat losses if Bulls just HODL through the rejections. Never Advice. m00n 2moro?
BINANCE:BTCUSDLong
by Ignignokt
AMC (Breakout Deadline)AMC is attempting to breakout of a Symmetrical Triangle, with the relative strength index trending down overall. Taking a copied Bars Pattern that has similar R.S.I Patterns leading to the downtrend currently. For example: January 27th, 2021 to June 02, 2021 (the breakout) and adjusting the pattern, several scenarios will provide options. This pattern is also the one leading to the upward breakout to the symmetrical triangle. The red-bars are a very unlikely scenario, since it would mean a breakout to the downside (still a possibility though). However, it would mean a breakout to the upside next year (also unlikely to follow exact). Price is more likely to follow the black-bars, with a small chance of a downside breakout (orange bars). The deadline (green box) for either breakout would be October 28th, 2021 (Friday). Unlikely to extend out till Mid November, but there's still a possibility of price trading within the green box, so a breakout could occur Monday-November 1st 2021. The likely scenario is for the relative strength index to bottom out at 30% (allowing a breakout to the upside). Expect the R.S.I to rise up with the purple parallel lines, similar to previous patterns in the purple parallel lines. Additionally, there is a small gap (almost touch) on the purple lines leading to the breakout on the previous patterns. Possible selling point Mid November, with a small window to buy back in sometime in December (depending on pricing patterns at that time).
NYSE:AMCLong
by marcosdaunte
1
$MAXR$MAXR Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. Maxar delivers disruptive value to government and commercial customers to help them monitor, understand and navigate a changing planet; deliver global broadband communications; and explore and advance the use of space. Maxar's 4,000 team members in 20 global locations are inspired to harness the potential of space to help customers create a better world. Maxar Technologies Inc shares gained 0.84%, or $0.25 per share, to close Thursday at $29.93. After opening the day at $29.50, shares of Maxar fluctuated between $30.18 and $29.38. 425,191 shares traded hands a decrease from their 30 day average of 658,839. Thursday's activity brought Maxar’s market cap to $2,169,807,914. Very bullish to see Maxar Technologies breaking above previous resistance on the daily chart especially as it hasn’t had the greatest of years being down nearly 35% since the start of the year. So this could be a good opportunity to go long if price is able to hold above previous resistance. I suggest keeping this on your watchlist Factor Four
MLong
by TheBlankFund
Key Ideas to trade big daily structures. Example on AMATI will keep this post short, so you can get a general idea of this trading style. First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114 Now that the structure is clear, it is easy to know if we are observing a clear breakout or a fakeout, thanks to the limits we have drawn and the way the price has respected them. So, how to proceed now? We ask this simple question. How many times can I find a similar situation like this in the past? Imagine we say four times. Ok, which is the sequence where the price goes from being inside the range towards a new bullish impulse? Here is where technical analysis will help you create a map or sequence of movements to say, "Hey, there is a pattern here that I can wait." Once you have defined that, draw it in your chart. In this case, my final filters are: a) Wait for a new ATH (that's the confirmation that the structure has been broken) b) Wait for a 2 to 4 weeks correction (that means that after the breakout, the price is not able to make a new ATH) c) IF that happens, trade on the new ATH, with a stop loss below the 2 to 4 weeks correction and Take profit on the final Fibo extension d) IF that doesn't happen, do not trade e) Move the stop loss to the entry-level if the price reaches the first Fibo Extension. f) Risk: We will use 2% of our capital on the stop loss. g) Relax and Wait. As you can see, this is a methodic way of developing a setup that provides a lot of control over your executions, and you can proceed based on a pre-established set of rules. This is extremely helpful to overcome emotions and bring consistency to your strategy. Remember: Do not try to avoid a stop-loss; create procedures to control them. My win rate right now is 55% - 60%. That means that almost half of the time, I'm wrong; HOWEVER, when I'm right, I make more than 2 dollars of every dollar I'm risking. Trade like a casino! Thanks for reading!
NASDAQ:AMAT
by ThinkingAntsOk
25
Can we expect a new bullish impulse on SQ? Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking) Let's go back to Technical Analysis: I can see two clear structures here: *The previous impulse (which is a sequence of higher highs and higher lows) + The current major correction is a sequence of movements inside a constrained range. Ok, what is so special about that? Using Elliott Wave Theory, we can see the relationships between these two movements; one is a correction of the other one. And what Elliott concluded is that the next bullish impulse (IF it comes) will have kind of a relationship in terms of proportions with the previous impulse. That's why we use Fibonacci Extensions to define targets. Key Take away of this bullet point: The targets for a possible bullish movement are: 350 / 400 / 440 * Now let's take a look into the current major correction: After 170 days below the previous high, we saw the breakout in August, after that the price has been correcting on edge (which is pretty standard, after the breakout of structures of this size) This minor correction has been on its range for almost 80 days. * Conclusions: IF (capital letters, conditional sentence) the price makes a new ATH, we will consider that as an activation level for the bullish view. Targets are the levels we mentioned before. Invalidation level will be below the minor correction at 218.00/ IF not the analysis is not valid (that simple) *The expected duration for a movement like this can go between 100 to 150 days Thanks for reading guys! Remember to add any ideas or thoughts to the comment. Protect your capital!!!
NYSE:SQLong
by ThinkingAntsOk
8
Stocks Rally for Fourth Day StraightStocks have rallied for the fourth day in a row. They have gained strength off earnings and the potential of the Fed keeping interest rates unchanged. We are seeing some resistance at all time highs as identified by two red triangles on the KRI. The next target is 4632, but we are likely to see a pullback first. The Kovach OBV is still very strong, but at this point we are looking very over bought. The levels 4580, 4564, and 4545 may all be levels to consider buying back on a possible dip. A healthy correction could take us to 4521.
FX:SPX500Long
by quantguy
Stocks Climb Despite Hawkish Fed and Tech EarningsPoor tech earnings (especially from Intel) and Hawkish comments from Fed's Bostic were not enough to faze stocks. The S&P is still gunning for highs. It has leveled off at 4550. Our next target is at 4564, which could be within reach if we see another move higher. We are looking a bit overweight at the moment, and a technical correction is due. If so, watch for support at 4521 and 4504. The Kovach OBV is extremely strong, so there is no denying the bull trend.
FX:SPX500Long
by quantguy
Stocks Still Strong!!Stocks have pressed higher, but are currently rounding off. We tested 4545, the level we mentioned yesterday, but were unable to break through at the moment. A red triangle on the KRI denotes the resistance. We have since consolidated in a very narrow range between this level and 4521. We are getting strong support here, confirmed by three green triangles on the KRI. The Kovach OBV is still strong, but with this strong rally comes the risk of a technical retracement. If so, we should have further support at 4487 or 4462. If we see another breakout, 4564 is the next level, then we can consider new highs.
FX:SPX500Long
by quantguy
We still waiting for a new bullish impulse on AMZNWe still waiting for a new bullish impulse on AMZN. Today we will take a look at the AMZN chart and a pending setup we have. The key concepts of this chart are: - The price has been moving in a range for 300 days until we saw the new ATH - Our main concept was: How many times can we look at situations in the past that the price stayed more than 300 days moving on a range and the resolution after that - Based on that, we have defined the setup you can see right now as the best option to develop positions in the current situation. It's important to say that we have found moments where the setup was executed, we have a stop loss, and then the price continues in the direction. That's why we are ready to develop 2 setups if necessary. - Now, we have a flag pattern on the edge of the range, and we are using Fibo extensions to define the targets of this movement. The fibo extensions are drawn based on the previous impulse (March 2020 - August 2020) - On a setup like this, we will be risking 2% of the capital, looking to make 4.5%+ as a return. - The expected time for a resolution like this is between 2 to 5 months. Thanks for reading!
NASDAQ:AMZNLong
by ThinkingAntsOk
2
ATVI, Can we expect a short-term bullish impulse? Today we will take a look at ATVI: a) Since February 2021, the price has been on a correction or a bearish trend (depending on how you want to see it), dropping 30%. b) The price has bounced on a support level, where we can be open to the idea of a new short-term bullish movement. IF the following items happen as expected (70.00 / 72.00) c) Another important detail is the corrective pattern on the edge of the broken descending trendline d) Alright, our bullish thesis goes like this: IF the price reaches the green horizontal line, we will consider it confirmation for the bullish movement towards the first target at 87.50. Eventually, we may see a second target at the descending trendline of 91.90 / It's important to be open to possible retracements or reversions. e) Our invalidation levels are below the corrective structure (yellow lines) either if the price reaches our activation line first or if the price keeps falling from where it is right now. f) The expected duration for a movement like this goes between 45 to 60 days. Thanks for reading, don't hesitate to ask any questions in the comments or share your view about this stock.
NASDAQ:ATVI
by ThinkingAntsOk
3
Stocks Rise Ahead of Key EarningsStocks have risen higher despite tapering and inflation worries. We have risen past the 4400 handle and have broken into the 4500 handle, but just barely. We have some key earnings today, so keep an eye on the news to determine if this rally will continue. We are starting to see some red triangles on the KRI suggesting that stocks may be facing some resistance. If so, watch for 4462 then 4400 to provide support. From above, 4521 is the next target. The Kovach OBV is pretty strong, suggesting stocks have returned to bull mode, if but for the moment.
FX:SPX500Long
by quantguy
A quick analysis of SHOP, what can we see? Today we will take a quick look at the SHOP chart. What we can see here is: a) Ascending Channel, the price was rejected from the lower trendline. b) ABC corrective pattern (apparently finished). c) Support/Resistance zone (we want to see the price above that level, to think in bullish opportunities). Based on all those items, if the price reaches our green horizontal line, we will consider that to activate the bullish view towards the targets we have defined using fibo extensions. Our invalidation level will be below "C" either the analysis is executed or not. Thanks for reading!
NYSE:SHOP
by ThinkingAntsOk
2
Stocks Rally but Can they Sustain??Stocks have rallied to the mid 4400's, despite persistent inflation fears and a more hawkish stance from the Fed. We have topped off at around 4462. We came just a few ticks before the next level at 4487, before retracing. Currently, we are holding just above 4440. Two green triangles on the KRI suggest support here. The risk sentiment in the markets is mixed, and neutral at best, so it is likely that stocks will range today, assuming we do not see something change toward the open. The S&P is looking a bit top heavy, so there is more downside risk. If we retrace further, there is a cluster of levels below to provide support but 4408 seems likely to hold as a min lower bound for now.
FX:SPX500
by quantguy
QCOM | In a major support zone | Possible paths to expectToday, we will take a look at QCOM The price is currently against a major support zone that has been working effectively since October 2020. Let see what we can expect in case of bearish or bullish resolutions. This analysis is meant for people that develop short-term setups. Why am I saying this? because, at the moment, we can't think about new trends like the one from March 2020 until January 2021. To start thinking about something like that, I want to see a breakout of the current structure, at least. Alright, with all that said, let's start. BULLISH scenario: If the price effectively bounced on the support zone, a propper invalidation zone for it would be 120 (there, we will start thinking that the level was absolutely broken)The target we will use for this idea is the white descending trend 142.00. There we will be open to rejections. BEARISH scenario: If the price is able to break the support zone reaching a price of 117.00, we will expect a pullback towards the broken support level. IF that happens, a new low on that pullback would confirm the bearish movements with a target on 100 Thanks for reading!
NASDAQ:QCOM
by ThinkingAntsOk
2