The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows. During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise. At present, the index is trading just beneath its next resistance level. If the Dow Jones manage to break...
(1) After the breakout of the Rounding Bottom pattern, price has given a sharp upside rally and reached to its previous All Time High at near 18,340. (2) After that, a sharp correction has been seen, which was quite natural. Price took support at near 17,380 level. (3) Then with a strong up move, price made a fresh All Time High at near 18,400 level. (4)...
QQQ NASDAQ:QQQ PROJECTION/ QQQ levels to keep an eye on. Pressure 314 310 anticipating a lot of activity around 311.50 QQQ NASDAQ:QQQ lets see what the super computer has in store for us. -gtxlc
gtxlc QQQ 27MAR23 momentum projection/ break-even Anticipating QQQ to continue on w/ bullish pattern. lets see what the super-computer has in store for us... -gtxlc
The SPX is rising to levels Of Resistance and MA grouping... Likely to see a fall among approach. Use Circles as REF point and take it lightly.
For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them. After the recent target hit on the SPX long side we are looking short back down to comfortable exit areas, noted on our chart.
Nice uptrend over time plotted on Log chart. If index is to retest long term support, levels will need to retest around 1500.
Dow Jones is trading within a Channel Up on the 1H chart (RSI = 41.064, MACD = -20.100, ADX = 30.196), currently on the bearish leg towards the Higher Low trend-line. The MACD is about to make a green cross, which is a bullsh signal. It can still take a few hours until the formation prices the Higher Low (even sideways) so there is still time to enter. Our TP is...
S&P is testing today the 4H MA50 for the first time since it broke it on February 21st. Crossing and closing a 1D candle above it will be a bullish development especially if the 0.382 Fibonacci level, which has been acting as a Resistance so far at 2,650, also breaks. On that occasion we will be expecting an extension towards the 0.618 Fib around 2,930, which is...
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SPX has been trading within a Channel Up on the 1W chart since the October 03 2019 low (RSI = 68.663, MACD = 94.760, ADX = 55.372, Highs/Lows = 80.7537). At the moment the price was rejected near the Higher High trend line and since the RSI on the 1D chart in on a bearish divergence we expect the pull back leg for a Higher Low. The 1D MA50 last time supported the...