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Weekend Review of the NIFTYNowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market. Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a big move with a nice VCP pattern. So, there is a high probability that we will see start of a new big up move soon. It is possible that we may see one more smaller contraction before the big up move. On the Daily Chart, though we saw some weakness today, the overall bullishness still remains. We saw selling dominating after many days. The index is still holding above the moving averages. Of course, the index has been under performing the wider market which was being pushed by the mid and small caps. We may see the index retreat some more next week. But the strength remains as of now.
NSE:NIFTY
by karthikmarar
CONCOR - A STOCK TO WATCHThe stock has been moving up making Higher Highs and Higher Lows after a Down move. Then it faced rejection around 680 levels. Then was pushed down below all the EMAs. Then it recovered from below and attempted to take out the Rejection Zone. It has just inched past the supply area. But the Relative strength and Money flow are still negative and improving. Once these also provide support the stock will move up. The significant levels on the upper side are 750, 790 and then 820. So we can keep a watch on the stock and wait for further confirmation to catch any impending up move.
NSE:CONCORLong
by karthikmarar
2
QQQ Volume Spikes Since April 1Since the first of the month, the QQQ has bounced around between levels. As shown on the graph. high volume spikes have resulted in a decline in the QQQ the following days 8/10 times of these occurrences. The times that this did not occur were when the QQQ was at the bottom of its range. And during the beginning of the month. Because the QQQ is at the top of its range, I would wager to say that this most recent volume spike will result in a further decline in the QQQ because 8/8 of the previous volume spikes at this level have resulted in this. The alternative is that we break through this level. In which case my thesis would be negated.QQQ Volume Spikes Since April 1
NASDAQ:QQQShort
by International_Leeroy
Breaking out of Descending Wedge, With VolumeHello Everyone, I know a lot of the news as of recent has been largely negative regarding the US banking system, as well as the War in Ukraine; but I wanted to share with you an alternative. If you examine the chart, you see that volume has significantly increased over the last four days. Historically, we haven't seen this kind of volume since the market bottom in October of 2022, June of 2022, and which each resulted in a follows 20%, 18%, and 10 % movement to the upside in the following weeks and months. If youll also notice, that the candles associated with the volume bars are compacted. Meaning that the volume being traded did not move the price. This can only mean that the amount of sellers is matching the buyers, AND A LOT of shares are trading hands relatively speaking. Youll also notice that we have been declining about 10%, rather heavily, over the last 6 weeks in the SPY index, and that Volume spikes have historically marked bottoms when the market is declining, and marked tops when the market is rising. Note that the market is risky endeavor and nothing is guaranteed, that we could move significantly to the downside (about 220) if the banking system fails in a systemic way, or something else catastrophic happens, but that in general, these patterns of volume analysis and price movement seem to hold. Biden Banking Bailout is Bullish. CPI and PPI are neutral to bearish. J Pow speech will determine the move, but it seems the market is betting on a pause after SVIB. Thank you for reading happy investing and trading.
AMEX:SPYLong
by loves2spooge
ELLIOT WAVE | BIG INDUSTRIES BHDBIG industries Bhd - Very hot stock past 2 weeks, waiting for another game play. Might be a profitable trade for swing trader IDEA TRADING TEKNIKAL 1. Head and shoulder pattern spotted waiting for breakout confirmation with volume = sincere BO 2. Moving average tersusun cantik = strong uptrend 3. Entry level pada MA20 and MA50, TF daily 4. breakout downtrendline and able to succeed above + formation of HH and HL IDEA TRADING FUNDAMENTAL 1. Quarter report 3 quarter constant making profit = something brewing 2. ROA, ROIC, ROE improve for 5 years
MYX:BIG
by dannyPTT
Bitcoin VPA-style volume signal at broadening formation lowsQuick note on this relative volume-per-range signal (in the vein of VSA / VPA / volume spread analysis / volume price analysis). The basic concept is simple: volume per range tells you how many shares it takes to move an asset by $X. The higher this number, the harder it is for price to move, and the more likely it is that support/resistance or supply/demand levels are nearby. The lower this number is, the easier it is for price to move and the less likely it is that supply/demand are nearby. So the signal here on Bitcoin could be indicating support coming in. This also coincides with the lows of a broadening formation, a DeMark reversal buy signal, and Anchored Volume Weighted Average Price levels (aVWAPs or Midas lines) from the most recent previous swing points. Just a heads up.
COINBASE:BTCUSDLong
by easycators
1
LYFT Downtrend Range 2HRLFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern: -Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches) -The ellipse shows a Head/Shoulder formation, with the neckline confirming a sell on the break, further rolling LYFT down the hill -VPA suggests that the downtrends overall POC (shown in yellow) and the green POC show a average POC of $54.40-ish -Red VPA suggests there will be a battle of $50.50, however , most of this volume was realized this last earnings call - nearly 425k to be precise, so 'battle' might be closer to $48.48 (in between red and green POC's) -Nov. 5th gap. Historically, LYFT has had a decent rate of filling the divots, I expect this to not be different. -MACD in stagnant divergence over the past few days. Nevertheless, I believe LYFT will follow the trading bands for the moment, possibly making another touch on the support.
NASDAQ:LYFT
by Zeesna
SPY/ES - Analysis - Oct 21, 2021 - ATH ReclaimedCME_MINI:ES1! AMEX:SPY End of Day - Oct 21 - Analysis What happened: ES/SPY has basically reclaimed its ATH (4549.50) with a close at 4541.75 (Oct 21). Analysis: Volume analysis indicates we have declining volume with a rising trend. However, the actual candle bodies have also been decreasing. Therefore, the move is likely acceptable without major anomalies. There are hints of weakness with an equivalent lower wick from today - but again, nothing major or confirmatory. Market earnings have been strong and supports the current move, most notably with $TSLA. We are still dealing with inflationary pressures, the beginning of global supply chain issues, and the ever-looming Evergrande fallout. CNN Fear and Greed index is 69 (Greed), which is a vast change from 39 (Fear) a week ago. This suggests a rather quick change in sentiment. We are currently sitting in a strong 1d supply zone (4518-4549.50). This zone is formed from the daily chart and comes after a long uptrend (rally-drop-rally). The next major zone below is a 1d demand zone at 4285-4348. RSI on the daily chart is hovering around 70 on an uptrend. We are currently in a "bear support zone" and would hold off on adding to a long position. I would take profits/tighten stop-losses and watch carefully for the RSI to hit 80-90 for a full exit on a long position. Bear Thesis: If this supply zone is as strong as we think, expect a short-term BEAR sentiment. Unfortunately, as we mentioned, the next major demand zone is all the way down to 4348. A full reversal back to 4348 is a little hopeful, so we will use volume profile and fib retracements for PT in a bear position. PT1: 4459 (0.62 fib level) PT2: 4437.50 (nice little volume island and recent POC) PT3: 4404.25 (0.38 fib level) Final PT: 4285-4348 (1d demand zone) SL: 4560.50 (arbitrary round number slightly outside of our 1d supply zone and small buffer of 0.50) Bull/Neutral Thesis: As we are in a strong supply zone, bull thesis is weaker. However, with strong earnings supporting this move and seemingly the world is still OK despite the aforementioned issues we could still go up vs stay in consolidation/range-bound. I would like to see volume enter to break and maintain the supply zone. But volume has been trending down. With so much money flowing around anything can happen. As they say, markets can stay irrational longer than you can stay solvent. PT1: 4604 (0.23 fib extension level) Other PTs: Based on fib extension levels as we are in unchartered territories and based on volume price analysis (VPA). SL: 4507 (chosen slight outside of today's lower wick) TLDR: ES/SPY is either going up or down, and always to the right. Be safe.
CME_MINI:ES1!Short
by DrSpymaster
The Bears Have Taken ControlThe bears have finally pulled price below the main POC at 4350 (this is still in play). We saw a large move followed by a doji and another large move on the daily, will today be a doji? As I write this we are approaching a bearish reversal level on the daily Informant Pivots. These levels were bounced off of all of yesterday's trading session so I suggest you pay attention when the Informant Pivots speak. Below are some key levels, that, with price action will prove to be important points for price. Key Levels 4323.67- bearish reversal 4349.59 - a bullish continuation 4271.83 - a bullish reversal 4245.91 - berish continuation 4350ish - overall POC for bears/bulls 1.679M in 15-minute Informant OBV - if we blow passed this upward we are in for a bullish day and vice verse 1.62 - if we cross this we are in complete bear territory
CME_MINI:MES1!
by JoeRodTrades
Another Explosive Move Is Possible TomorrowThis is a tight inside value day on the Informant Pivots, just 19.98 in difference from the high/low-value pivots. The last explosive move came form a 36.85 point difference and that was yesterday (9/28) for a 86 point move. I expect a large move leaning to the upside tomorrow. I believe yesterday (9//28) was indicative of bullish reversal based on volume and the simple fact that price closed above what I coined the bearish/bullish Mason-Dixon line. We are in an HnS Pattern on the daily and on the intraday right shoulder (there is a HnS pattern) so I truly believe this is a bear trap. CRP for floor pivots (central pivot range) is extremely tight as well but, it has a slightly lower value bias than the Informant Pivots. The case of the bulls is the capitulation volume on 9/28 (daily) along with intraday (before close yesterday) coupled with bullish convergence. Price has also, as of writing this, crossed through the 4359.26 bearish reversal level Levels to to look out for tomorrow 4350ish - Bear/Bull Mason-Dixon line 4359.26 - Bearish reversal (of course, as with all of these we need price action in our favor) 4340.24 - Bullish reversal 4368.73 - Bullish continuation until 4384.49 4330.77 Bearish continuation until 4315.21 Bulls take control of the week at 4378.75 Bulls take back official control of daily market at 4472 To confirm bullish look for Informant OBV to run through 1.90M at open To confirm bearish look for volume on Informant OBV to reject the 1.90M level at open
CME_MINI:MES1!
by JoeRodTrades