WOW RIGHT ONCE AGAINWe have been seeing crazy trading success lately!
SPY and the general etf and index market alone have been showing some struggle all day long. Today just market a huge double top on every time frame under the daily. This is crazy! This is confirmed by an ascending wedge pattern that looks beautiful on the hourly and 30-minute chart. If this isn't a double top, then this is a cup and handle. Half the base to the handle is 8.25 up from the peak putting our estimates at 381.87 a previous support.
GOOD LUCK BYE BYE MARKET>
Wallstreet
WallStreet Trading: Watchlist UpdateStock Market Bounces Sharply As Oil Falls Below $100 - This is a bullish signal!
The Nasdaq composite and S&P 500 opened with losses of roughly 2% but battled back to erase most of the damage or even finish higher. The S&P 500 rose 0.2% and closed at session highs. Energy stocks and some cyclicals suffered severe losses.
Overall, Tuesday's session was a good step in the right direction for the bulls. This is nuanced but action under the hood was constructive and the Nasdaq looks to have had an accumulation day albeit on below avg volume.
Watch out for valid Follow-Through-Days (according to IBD's definition) which would be a further bullish indication.
Here is the link to our updated watchlist:
www.tradingview.com
Keep an eye on the sectors health technology and retailers. Many stocks in these sectors are setting up low risk entry points, or even have broken out already. These sectors might be leading the next bull market cycle.
Risk remains high in the current stock market environment so take one step after the other before you significantly increase exposure. Apply the concept of progrssive exposure and only step up if the first pilot buys are working.
WallStreet-Trading: Buysignal AJG
The stock AJG on our US watchlist just broke out of a sound base and triggered a buy signal. We are adding a 1/4 position of AJG to our US model portfolio.
All stocks on our watchlist meet the criteria according to Mark Minervini's trend template and have sound fundamental data.
US Equity Indices Decline With Treasury Yields in Midday TradingThe Dow Jones Industrial Average dropped 0.5% to 30,623.2, with the S&P 500 down 0.5% to 3,766.4 and the Nasdaq Composite 0.6% lower at 10,961.6. The energy, technology, and communication services sectors were among the worst performers, while real estate and utilities led the gainers.
US 30: Intraday Technical Analysis
The downtrend is still strong in the DOW industrial index. My idea is that the price action will take a strong dive if the inflation data is not good which is due today. My goal for today is short with short term and long term . My target is entry at 31000 and 30900 with a small layer at 30700 to avoid fomo. My target for intraday is 30500 and 30300. While in long term intraweek I am targeting 29600.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30 : Intraday Technical AnalysisThe US30 cash index took rejection from 31700. As mentioned earlier my idea for this week for US30 is short only at strength. The price is taking rejection at 31700. My idea is to take position at 31700 after rejection and then my goal for intraday is 31300-31400.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
BTC 1W Chart UPDATE FOR LONG TERMBTC/USD NOW,trading between 19k to 21k area.
Lot 0f people talking about 12k area.I also think it will touch 14k-12k area to complete its cycle according to previous history.
But now it could hit 28k to go back 14k-12k area.
We will see a good bounce back from this are(14k-12k).
after this bounce back we will see new ATH which would be 80k+.
During this bounce back BTC directly go toward 48k-51k area than a retest could happen toward 41k.
if IT hold 41k support than It will move toward 65k area.
After retesting 60k-61k we can see new ATH.
This cycle could be completed in 2 or 3 years.
NFA.
THANK YOU,
US30 : Intraday Technical AnalysisThe price action of US30 will try to break the trendline resistance and 50% retracement level between 30300-30350. My idea for intraday is that the price action of US30 may test the support of 30000 once again with false breakouts further deepening the retracement . My idea is to enter after support of 30000 to 30300 with a target of 30350 for entries at 30000 and 30450 for entries above 30300.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30 : Intraday Technical AnalysisThe US30 took a huge dive after bein unable to cross the barrier of 33300. The downward move was triggered by the worst than expected inflation data from United States of America indicating a possible hawking monetary policy in near future. My idea is that the price action of US30 will now move towards the support of 30600, the price is expected to break the support, my strategy on US30 is still sell on strength with entry at resistance of 31000 and target the support of 30600.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
#US30 #DOW #wallstreet #cashindices
AGIX TO DO A 675X- Sounds CRAZY right?
- However go look at these assets they all peaked to the 89 FIB extension: Telcoin, Bitcoin, Ethereum, XRP, DOGE, XLM, SOL and many more.
- AGIX is going to do really well, ARTIFICAL INTELLIGENCE IS THE FUTURE!
- AGIX today is sitting at around £0.0389!
- $33 (£27) - £27 divided by £0.04 = 675
- Now imagine you dollar cost averaged in at £100 a month at £0.04 in 5 months you would have around 12,500 AGIX as long as it stays at that price.
- 12,500 X £27 = £337,500!!!
- NOT FINANCIAL ADVICE!
US30 l DAILY l OUTLOOKAs Day Traders we don't care which way the market goes. If its a bull market or a bear market. We solely look to capitalize on either direction the market goes.
Major support areas
1. 30650
2. 30120
3. 29600
Each of these levels allocated a bounce, support, and resistance before all time highs were broken.
DAILY TAKEAWAYS:
1. 200 MA clearly broken
2. BOS / support & resistance zone clearly broken.
3. Bullish hammer pattern bounce last time off of 30650. Traders are going to be targeting this area. I wouldn't expect a major bounce just a short pullback.
BTC heading down to 18-20K When you have MULTIPLE confluences in SAME PLACE that could lead to high probability scenario.
Those confluences that make MACRO and short term outlook on BTC so bearish are :-
1) LOG REGRESSION CHANNEL :-
2) Target of bear flag is just at that major support zone which coincides nearly with PREVIOUS ALL TIME HIGH as well.
3) As per wall street chart, it seems to ME that we are in ANXIETY Phase and slowly moving towards Denial Phase
pbs.twimg.com
4) ALSO MANY bought BTC ABOVE 30K. They would be BAGHOLDING BTC NOW.
**THIS IS A WARNING**
DANGEROUS TO SHORT FROM LOWS. BE WARNED.
PREVIOUS IDEAS :-
1) Short idea for BTC :-
2) updated views on BTC :-
3) ETH IDEA :-
ALSO, NONE OF THE ABOVE IS A FINANCIAL ADVICE. IT IS MERE MY OWN SPECULATION AND IDEA. DOYR.
S&P 500 Daily Chart Analysis For June 10, 2022 Technical Analysis and Outlook
The index bounced between our Mean Sup 4088 and Key Res 4177. But from the Wednesday session, all went downhill, as shown on S&P 500 Daily Chart Analysis For June 3. Critical Key Sup 3860 and low 3810 are the following targets: The ultimate Next Outer Index Dip 3640 is the primary mark. Short-term rallies are expected.
StoneCo (STNE) following exactly: Wall street Cheat sheet Hello Traders / Investors
Seems like Wall st. Cheat sheet is CORRECT. Sad for me I realized it too late and missed some profits in last weeks.
Considering my DXY Elliot Wave coun, my expectation is another drop of STNE price where wave C will be 1.618 of A = Price around 5.5 USD. (Best place to buy some shares + Also watch Konvergence of RSI on 1D/1W TF).
ritholtz.com
Learning every day.
Trade safe, take care and enjoy the ride.
S&P 500 - RECESSION SCENARIOInterval: 4hrs
Description: Took 4 hour interval and in this scenario S&P 500 sees 30% plunge from current Levels of 4100 to 2900s. Not just being gloomy it's just the possibility of the current recession indicators pointing out. Again this is not a financial advice or something. Don't take it seriously.
NAS100 LONG SET-UPNAS100. What we currently seeing is a simple channel , that is now showing us that the third is still not filled yet, a great opportunity to enjoy the rally to the upside. the market is now consolidating showing us market breath after the impulsive move, Thinking in probabilities, we see that the market has some probability of giving us a double bottom, whereas we open to that possible move, Risk your capital wisely, stay away from putting stops near psychological areas market makers know where to take you out, be careful.
*UPDATED* nas100 analysis (06 june-10 june)so this is just an update of the analysis i published two days ago, the clear-off on the daily seemed like a breakout to me but now i know to always wait for a significant close above or below to confirm a breakout.
but my analysis is as follows :
1. we are at a monthly level of support
2. market closed above an upward trendline from the weekly timeframe
3. a double bottom was formed on the daily and its neckline was broken and retested and the market failed to break below that level for a week
4. so on the H4 i'll be waiting for a significant breakout of that range to the upside and then look for buy entries
5. entries could be the breakout of a counter trendline (downward trendline), a retest of that broken resistance level or if price respects an upward trendline
same could happen for a bearish move but there is just a higher probability of price moving up
GER.30 SIMPLICITYGER.30. Great view i have on the ger.30 simple technical methods i used here. firstly we would do a multi-time frame analysis 1W and see that price broke our major trendline but never came to retest it enough momentum to look for a buy , moving to the 4H chart we see the price created rising channel CLEAN confirmation on the uptrend reversal, with inner patterns formed inside, currently we waiting for price to finish the correction pattern, our point of interest is at @14398,1. Risk management is what keeps you longer in this Game...
CROUSDT CROUSDT seem to complete is bear rally and bulls are in at this time its worth risking as you buy at discount price
S&P 500 Daily Chart Analysis For June 3, 2022 Technical Analysis and Outlook
The previously specified (S&P 500 Daily Chart Analysis For May 20, 2022)
Mean Res 4088 inverted to Mean Sup 4088 performed at best on May 1 and 2 this week trading. A solid dead-cat rebound is completed; however, follow-through to New Mean Res 4177 is possible - from where we stand, a down move is expected.