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DJI (8H) - still a bear marketI show why the DJI (Wall Street) is still a bear market - at this time (only). Expand the chart for a better view. There is what looks like a parallel channel heading south and two sharp ATR switches. Price moves around in the channel, breaks out and back in. Note also that what looks like a channel now, could change into some other formation. The market does as it likes. This formation is not predictive. It can give an idea of what to expect, from wherever you find price on your chosen time frame. Very unusual things can happen with channels. Some may have seen a recent fallout on the 2H time frame (which doesn't mean the same thing will happen on this time frame. ) Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
SPY TESTING ATH? Will Earnings Push Us Over? Market Breakdown“There are enough trends out there, established by Covid, that just say, ‘Get long,’” CNBC’s Jim Cramer said on Monday. The “Mad Money” host said that strength in the tech sector is likely to support the market, regardless of the election outcome. “I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” said Cramer. - $SPY confirmed it's bullish trend on the daily after it broke and closed above $333. I talked about this setup on Monday, 9/28/20. Few things to watch as we move forward: RGEN - Regeneron CEO cautions Trump’s results are ‘a case of one,’ and coronavirus drug needs more testing President Trumps Health - White House physician says Trump has tested negative for Covid, is no longer infectious. SPY levels - After the gap up we saw back on Sep 28 (first signal of bullish trend). Easy Loot going into earnings season
AMEX:SPY
by DotcomJack
I KNOW WE POSTED A LONG BUT!!!I know we posted a long. On here. Free channel milked the long then took a short. Closed for Friday NFP. Looking now we have potentially a short position coming up. Trump got covid, but shared he is doing well, so reduces the chance of uncertainty which then some fundamentals point towards gold going down just like the charts. Remember just because we post something here. Does not mean we are taking the trade. The market can change very quickly. So we can be long 1 min then short the next. x
OANDA:XAUUSDShort
by FreeForexSignals
18
Spy Drill Round #2 - spy 270-280 ??!?! AMA , MSFT, APPLE ATH!15% of SPY is Amazon, Microsoft, Apple Spy is trading at 315. 15% of 315 is 47 315 - 47 = 268 Once amazon, microsoft, and apple at drop the same time , spy will DRILL harder then ever! They are drilling it right in front of our EYES. these stocks are WAY TOO HIGH!!! Its like the worlds rich gang are loading puts on spy before they sell of big positions on ama msft and apple. This is pure speculation please dont go trading off my crazy ideas. ty for reading!
AMEX:SPYShort
by dekirby4
1
If rates stay the same.With the US employing a half-baked response and most communities only taking the virus seriously within the last several days, I am forecasting about 150k cases based on the current rates of 20-25% increases per day. It is important to note that this extreme blow off top could have been prevented by proper leadership in the earlier days of February, such as setting up and priming supply chains with the proper tests and medical supplies. As we can see, the results of downplaying the seriousness of the situation are really contributing to a very bullish environment. At this time, we can't be certain when this bubble will pop.
CLong
by ThaDocta
ORBEX: Trump Comment Reduces Haven Flows, Brexit Extended Again!In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month. On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again! I also picked #EURUSD on the back of yet another #Article50 extension and as #pound seemed a little "out-of-touch" with the latest developments surrounding #Brexit. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
BTC - DXY - SPX fundamentals - long term ideaPoint of this idea is future reference! Candles - DXY Yellow - Bitcoin Blue - SPX Comparing cycles of BTC with regards to the dollar and stock market. For a booming iconomic cycle we need: 1. Access of money 2. Access of optimism 3. Low risk tolerance At end of 2017 we had SPX at ATH , tanking dollar , optimism in the markets and willingness to invest in risky assets such as bitcoin. Lows of BTC corresponding to SPX lows and uncertainty in the markets. Since than we have a rally in the markets, new ATH for SPX , strong rally in BTC up to 14k with no formidable resistance over. Only thing we are missing is the weak dollar to fuel even further the rally and here comes president Trump. Trade wars with China and upcoming 2020 elections, president Trump bashing the FED for increasing interest rates , led to FED lowering them. For next year if not this one in orther for him to get reelected, I assume we will have a resolution and coming to terms regarding the trade war , president Trump wants weaker dollar and will continue his pressure towards the FED to lower even further the interest rates, this may(will) lead to weaker dollar ( not necessary) and will fuel the upcoming rally of BTC and stock market rally even further.
TVC:DXY
by j_p86
1
FOMC Bounce SetupSome slightly bearish indicators to start the week off.100-hour VWMA has essentially been flat for almost two weeks, bearish divergence on the 100-hour CCI and fisher transform. Looking for a pullback to or below the $279 level before going long SPY/QQQ April calls for the FOMC meeting. With the FED, the president and the banks working in coordination to backstop any correction in this market, we can expect more of the same. Bond yields continue to be suppressed for a reason - to push cash out of bonds and into stock.
AMEX:SPYLong
by Derivati_Capital
Bear With Me. Final Episode to the Series.Pun in title intended. This chart has a lot going on now. I've been playing off of the same chart with the same long-trend lines drawn on it, so we'll just call this one Part III of the saga. What I've discovered today feels like some serious implications, and I have hardened reasons to believe that the Dow rally on this leg is over. Here we go... So, I've pulled up the Volume Oscillator indicator because it does a great job at allowing you to pair long term volume with short term volume, converts them into different moving averages, gives you a difference between the two to provide you with an index that gives us a relative point of view as to what's going on in with the market sentiment now VS this 200-day moving average of volume data. Why did I select 200 days? 200 days is arbitrary. It gives me a little more than half a year and a little less than a whole year of trading information, and from what I've seen in the world of commerce, years are compartmentalized in terms of major milestones on a semi-annual basis. So, for the big stuff like capex, investment projects and debt issuance, a lot of that goal-seeking has an overall semi-annual consequence. The reason I put in a little bit over 6 months, however, is because it reflects a lot of major turning points in the market that I want to make my charting relevant to. ...I'll explain more on that later. There's quite a bit of evidence in previous versions of this chart that I'll have to cover, and it could not play into my theory any more perfectly. As a hint, Just before Donald Trump was elected, this market was seeking direction, and just as soon as we were gearing up for the November election, something happened in the financial seas that made unmistakable history with breaking the "line 1" trend line I depicted in my 1st and 2nd chart. Volume Oscillator Ticked and boomed us right through that resistance line that anchors waaay back into the 2008 recession to about 2016, where we took off at that breakout and blew out our engines, thrusting into altitudes we'd never seen before. Anyhow, 200 days is a great MA on this one. So, what does this have to do with this very moment? Relax, I'm getting to that. The short MA of the oscillator is set for 3 days because I'm trying to get an idea of turning points relative to a whole broad-scope of data, and this has worked so far in showing me where the trends run out of gas, pick up momentum in the other direction and dump volume into another leg of a new trend. The area I've circled is just after we drove 3-day volumes right into the December pit, where CNBC stated was "the bottom". And as we know, that's fake news. Not CNBC necessarily but "the bottom" indicated. We see the crest of the volume indicator moving up, coming to a point, and just as quickly, tapering off as the market decides to take us on this drastic upswing that started in the beginning of January. That's the part that is important. We took a massive rally in this past month, and if I'm using a 3-day short MA paired to a 200-day MA, that's a clear indication that this rally happened while a lot of folks were holding onto their positions or just plain holding out altogether. This doesn't imply that people sitting on the side-lines didn't have skin in the game. No, quite the opposite. It means the people on the side-lines were doing just that...taking a seat for a while. But as we could already see, they were active at one point, so we know that they are certainly there. I cannot stress enough that this indicator trips against 200 days of volume averages, so we're seeing statistically significant behavior here. That's huge. Another thing I NEED to point out is how the volume indicator reads just like any other chart pattern otherwise. Look at the bounces where it finds support, notice also that is finds levels of resistance as well. After some time, it will move in either direction when caught outside of its support/resistance range. Right now, we are drifting right back up passed the red line, which is the average overlayed by the Bollinger bands on that same indicator. While it is moving along this average, it is seeking a break point. Oh, and I almost forgot to tell you; the average used on the Bollinger band is also a 200-day MA. Meaning that the oscillator line skirting along that MA is simply looking for its relative breakpoint. So, here's what we do now... Stay with me folks, we're almost there...Let's jump over the ChandeMO, which is our momentum indicator. This is going to move with the chart on uptrends and downtrends fairly similarly to the RSI, though it's much more tuned to reflect the competition between up and down movements while also keeping the average-differences accumulated for that 9-day average. I know that sounds like a mouthful, but it's very literally what shows us if we're running out of convincing room to move further down or running out of gas in moving further up, while maintaining within that -100 to +100 bounds, and we are CAPPED OUT. What I'm saying is that it can hold on the high-end for a while, but look also where the actual candle sticks are relative to that white resistance line. It cannot give us this plateauing momentum configuration and read as though the candlestick trends will continue moving higher - past the resistance line. That's not going to happen. So, we've got a solid read on the market with 2 things here: 1) Bears are literally waiting for confirmation to dump on this market, and they are sitting on the edge of their bench, waiting at the side-lines. 2) The fervor behind this month's upswing is puttering out of fuel. What is even more concerning is that we're just on the tail-end of very narrowed volume oscillation and already on the other side of the thinnest point relative to that 200-day average. To me, this reads that those Bollinger bands are going to fatten up, and we're going to see a lot of activity here REALLY shortly because even volume has its trend. In my experience, people are much more easily excitable into selling off than they are when it comes to buying in, and that just goes to show that risk-aversion is hardcoding in our DNA. More charts to follow soon.
DJ:DJIShort
by thehoplite
4