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SPY Hourly Intraday analysis using TD Setup and MACD - Part IIITo continue, last we saw was: After the last Buy Setup completed (red box), it broke down the lowest point of the previous opposing Sell Setup ( aka TDST at 398, red dotted line), hence a reiteration that the primary trend is still bearish . Next, the SPY consolidated and made a weak attempt to break upwards, but ended up with a lower high by a terribly bearish looking doji , which was followed by a lower low. This also started the next TD Sequential Buy Setup that closed the day's trading on candle 7. On Friday, the TD Seq Buy Setup continued with a Perfection, where a significant gap down on the 8th candle simply perfected the TD Seq Buy Setup. This was followed by a TD Flip (yellow up arrow) and the opposing Setup started forming. The MACD indicates a crossover, as well as a bullish divergence, in support of the current TD Seq Sell Setup forming. Remember, the primary trend (in the hourly SPY chart) is currently bearish; and the TDST to turn the primary trend is to close above 396 (green dotted line). In the process, there should be a Gap Close, and it is possible to have a breakdown or breakout. The FOMC decision/announcement is something that is happening on 21 September, and would add volatility to the equation, allowing substantial movement either way. So do look out for that... Just to share, and for demonstration of how a trade could be managed, a real (short) position was taken at the white down arrow, and closed about 15 minutes after market opened on a gap down (white up arrow) . Several reason why the position was closed, particularly, the Setup was near end, and perfected; furthermore, the gap down did not push the MACD for a lower low and the candlestick exceeded the Bollinger Band to quickly retrace back in. You can see how hours later, a TD Flip and MACD cross over would have solidified the bullish retracement. So, many ways to capitalize on the technicals. First get the technicals well done, then devise a concept strategy that would keep you safe (higher probability on your side of the trade), and manage the risk (exposure). This would conclude this three part series on SPY Hourly Intraday analysis using TD Setup and MACD. I hope that there is some clarity on the use of technical indicators like TD Sequential, MACD, Bollinger Bands, as well as fractal analysis, to help in monitoring and risk management. Would appreciate your comments and questions if any. Thanks in advance. Stay safe and well. PS. Do find the books that Thomas DeMark wrote as well as the version more recent summary by Jason Perl. Enjoy! PSS. Special thank you to those (not mentioned) who had shared their codes, knowledge and analyses. It has truly helped me. To the the readers and followers, I hope this helps you too. Get better, get good, and pass it along...
AMEX:SPY
by Auguraltrader
Down came rain and washed the SPY-der out... Reference to the the just posted NASDAQ analysis; and in this analysis, the TD Sequential is switched on for a slightly new perspective, one that had been posted over the week on the hourly SPY chart. Now, you get to see it in the longer term chart and observe how fractal it can be. The weekly SPY chart had a "Stick Sandwich" that looks more like a Bearish Engulfing IMHO. The difference here is that the SPY covers more than technology stocks (despite technology stocks taking up a lot of the S&P500 market cap). Technical indicators are similarly divergent, MACD bearish, RPM somewhat bullish. The TD Sequential (Buy) Setup is forming midway, just below the first TDST support (red dotted line), and is suggesting a bearish primary trend is forming. What this TD Sequential pattern tells is that IF the current TD Seq Setup is to complete, then we should see the next 4-6 weeks of downside; probably fulfilling the the symmetrical projection to 325 (where the next TDST support line is). These are the main factors that suggest more downside should be expected. Zooming further out into the SPY monthly chart (right panel), with the TD Sequential switched on, and there is good and bad news here... The current TD Seq Setup completes in October, but in order to be Perfected, a low that is lower than 412 needs to be registered over the next 4 months; quite possibly meeting the monthly 55EMA. which is about 355 currently. The geed news here is that on the monthly chart, the primary trend is still bullish, given the last TD Seq Setup (green box) in 2020 to March 2021. The TDST needed to turn the primary trend bearish would be a monthly close below 296. So, at least for the rest of this year, the (monthly) primary trend is still bullish, notwithstanding that a recent lower low needs to be registered. ie. still downside risk prevails in the shorter term over the next couple of months. MACD and RPM technical indicators support this view. Also noted (the yellow arrow) that last month's candle was a bearish indication with a long upper tail, Shooting Star styled pattern. Furthermore, this month's halfway completed candle is already looking bearish, as it needs to. So, you get the idea... Overall, these suggest that the SPY should be targeting a downside somewhere between 325-355 from now to the end of 2022.
AMEX:SPY
by Auguraltrader
BTCUSD TD SEQUENTIAL FLASHES 9The Tom Demark Sequential Indicator flashes 9 on the monthly chart. Each time this happened, the bottom was set and Bitcoin prepared for another bull run. If you draw the Fibonacci from the monthly candle at the time the TD Sequential flashed a 9 to the highest point on the monthly candle that Bitcoin closed the bull run, Bitcoin then made a bottom at the 0.382 Fibonacci retracement two times already. This is exactly where we are now. The bottom is in, it is now up to the bulls to slowly start growling. Be patient, just stack sats, and we're all going to be fine.
BNC:BLXLong
by joerivdpol
Stacks has bottomed at the 0.618 Fibonacci retracementSTXUSDT has put down a textbook 0.618 Fibonacci retracement correction on the weekly chart. In my Elliott Wave count, the last impulsive wave was a truncated fifth. In a new wave count, the retracement to the 0.618 Fibonacci is a corrective wave 2. Such a correction is not unusual for a corrective Wave 2. The Tom Demark (TD) Sequential Indicator indicates a 9-candle count. This usually means that a bottom has been reached and a trend reversal will occur. It indicates a set-up to take a position in the market. I have additionally used the Chris Moody Indicator "RSI Strategy Lower". This indicates by means of the RSI that a bottom has been reached. This can also be seen by the formed horizontal green line; this is now starting to move upwards. If STXUSDT is preparing for an impulsive wave 3, interesting times are coming...
Long
by joerivdpol
1
JSE:CML Coronation for some upsideIs #CML #Coronation a buy at these levels? Well on a weekly graph, over the past couple of years this share has traded in a descending channel. We are currently just below the mid-point of this channel. Image 1 TD indicator on the weekly chart shows extreme oversold levels and we have reached a perfected 9. Image 2 The stochastic indicator shows extreme oversold conditions. Image 3 On an hourly graph the share is consolidating round R32.20, whilst the stochastic has pulled back a bit. This may set up the short term graph for a pop to the top, which will in turn initiate the turnaround on the weekly chart. We might see Coronation running from here to close the ex-div gap at around R36.60. Fundamentals: Coronation is currently trading at a 7.5 PE and 13.5 DY dividend yield, which gives some protection if the share is to retest the 2020 lows as part of a capitulation turnaround.
JSE:CML
by chsmit
First Ever TD 13 Count on Weekly Provided BTC doesn't close over $43,000 this week, the first ever TD Sequential 13 buy count in Bitcoin history on the weekly chart will print. There have been 7 weekly 13 sell counts since 2011. Many of these occurred mid way through parabolic moves upward. 7 January 2013 - $13 7 October 2013 - $131 6 June 2016 - $665 6 March 2017 - $1.2k 30 October 2017 - $7.3k mid way through parabolic run 27 July 2020 - $11k start of post-COVID dump parabolic run 5 April 2021 - $59.3k the top The closest there has been to a 13 buy count are as follows: 19 January 2015 - 11 count - bottom of the bear market on a closing basis 24 August 2015 - 10 count - start of the turn around into the multi-year bullrun 29 January 2019 - 11 count - bottom of 2018/19 bear market Since there isn't any historical data to compare to in regards to a 13 buy count on a weekly basis, we will have to strap ourselves in and see what happens.
BITSTAMP:BTCUSD
by gancor
Spy in a complicated correction pattern.SPY is in a corrective pattern. It might go up a bit more, but ultimately I think the high is somewhere between those two orange dashed lines, and the low is $410 +/- $2.50 by end of week. If not then my guess is that's where it will open next Monday. I've linked a few of my previous ideas. Please excuse the rude language on two of them - I was posting them for a specific person to see. This is just my guess. We've closed today on a black spinning top, so it could go either way. Again, I think if it bounces it will test those two orange lines, and then we'll know what will happen next.
AMEX:SPYShort
by brettfb
ES Correction & Potential Bounce LevelsWe have been in a recent downtrend on $ES $SPX and a lot of traders are probably wondering where the bottom will be. A break back up toward 4553 and a hold above 4565 would signal that we have bottomed in the short term. That would not necessarily mean the bounce wouldn't fail to retest the lows but here are some potential bounce levels. Fibonacci levels near 4361, 4278 and lower support zone below October lows near 4170-4180. This would be considered an extreme target and unlikely to reach in the short term. However with recent political headlines and the market having a risk off nature, no one really knows where it will bottom. Thanks for following and watching. Feel free to comment and share. Stay tactical and stay safe.
CME_MINI:ES1!
by Freshly_Snipes
1
ROKU: IS THIS WHERE WE GO UP AGAIN?ROKU: Weekly chart currently sitting on the 200ma . At historical support -resistance zone. Demark Sequential Buy 9 daily. RSI a bit oversold on weekly. Bullish divergence on daily. Are we bouncing here or do we keep going down? Whatever is it, I like the good risk vs reward long entry here. You might argue that we're going against the trend and you're right, however he odds favour the bulls. Long term investment, swing or short term trade? Your choice. Stop around 155. Trade safe!
NASDAQ:ROKULong
by Elpidaldo
6
Bullish Double Bottom ? FET/BTC #FET $FET #FetchAILooks like FET just hit another Double Bottom last night on the daily chart . You'll notice we had a VERY similar pattern in late summer before a very nice run happened . I suspect we are doing the same thing now . We've hit a red TD Sequential 9 last night ( and that's the second one we've hit . ) Both of these form our double bottom . Some might say these bottoms aren't exactly the same but they can be within 3% and still be a valid double bottom and I think this is , It's just very similar to what we did in late summer . I believe FET is about to have another run probably leading into the next few months of 2022.You'll notice even our light and dark blue 50 and 200 MA lines look similar ! Target here could definitely be a little higher than our last top near 2500. I suspect we can hit 3200 area which is a very strong weekly resistance . Possibly even 3400 or 3500 . We can always go higher - it's a Bullrun and the market is very volatile . We will probably follow that Gann Fan up . First step up will bring us under the daily Ichimoku cloud .
Long
by shimmeringpath