Auguraltrader

Auguraltrader Updated 

In a previous AT CryptoScan post, Bitcoin was detailed on how it was actually bearish in nature. Since then, BTC has moved decisively downwards, and should continue to do so. This analysis is on Ethereum, using a simple(r) series of indicators that include MACD, HULL Moving Average, and TD Sequential, together with support and resistance ranges, on the ETHUSD...

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Looking at the Ethereum daily chart, hearing and reading about all the calls for a crypto bottom, one would get confused as to what is happening, might happen, and if we are missing out on a momentous time where it really is the very bottom. So, based on these, I took the time to pull out the Ethereum daily chart, decided to either put a bull case or a bear case...

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Crude prices are oddly (well, perhaps not so) set to spiral down further below 80. Here is technically why it would... Light Crude Oil futures weekly chart show the recent consolidation around the weekly 55EMA, and that it appears to have broken down decisively, particularly closing at the lowest in the last 5 weeks. Technical indicators, particularly the RPM,...

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It has been a rather long time since I looked at the US Dollar Index Futures chart. Pulled out the chart and surprise! Since June 2022, the weekly USD chart had actually completed a Cup & Handle pattern, retested the resistance turned support at 105, and now is on a tear rocketing upwards. Technical indicators although stretched for a bit, appear to have renewed...

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The SOXL Weekly chart had a recent wedge breakout that was progressing well, until it did not. A retracement started three weeks ago now looks like it resumed a bear trend. The daily chart shows how this happened over the last two weeks, where opportunities failed and breakdowns led on more breakdowns... a strong attempt to reclaim 19, and break above the 55EMA...

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Looking at the SPY, it is clearly bearish at first glance. Weekly chart pre-empted three weeks ago, and it is playing out as expected. This week saw a follow through downside, that the last three weeks erased a almost all of a previous four week gain. Weekly chart begs the question of how low can we go, and target projected at 325. The daily SPY shows that the...

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Just a quick review on the week after Powell's Pow Wow speech that sent markets off a cliff... The weekly NASDAQ futures chart had a rather uncommon gap down that failed a close attempt. The week closed down near the lows as well. MACD turned down and is about to cross under the MACD Signal, and well as into the bear territory. All these happening after a failure...

Auguraltrader Updated 

From the last post, The daily technical indicators appear to be turning upwards and the early part of the coming week is expected to show a bullish hand, that probably leads to the rest of the projections into September where it should meet the weekly 55EMA. Watch for it! The window closed rather immediately after :| The analysis projection totally did not...

Auguraltrader Updated 

So, last Friday the SPY was triggered for a hard down. And on Monday, there was a gap down opening, marked out by the yellow box which shows the gap range. If the SPY closes above the yellow box, it is reversing trend to bounce upwards; however, if it closes below the yellow box, it reopened the gap and is heading for more downside. Throughout the trading day,...

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What an eventful week! Well, at least a very eventful Friday! By now, most of us would have read about Fed Chair Powell's comments at the Jackson Hole Symposium. The markets did not take lightly to the stated prudence. Technically, we can see from last couple of week's analysis that the bull rally with old in the teeth, and that last week's SPY chart was a...

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Last words from the last analysis were: " be cautious as volatility will spike! " And Powelll delivered a strong stance which blew volatility to a monthly high, up 17% for the VIX. The weekly NASDAQ chart completed the bearish candlestick pattern on a 55EMA failure, and sliced through the 13K support. This is totally not bullish for the next couple of...

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A good buddy gave some heads up about MARA, and we had a short discussion about MARA. He mentioned that MARA and Crypto had some relationship and I was a little skeptical that MARA would be close enough in relation to crypto, and also wondered if there was any relationship, what might it be. So, from purely a technical perspective, I pulled up MARA and overlaid...

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Highlighted previously a couple of weeks ago, OXY just spiked 9.88% on Friday. The weekly chart shows some consolidation and then a two week bullish candle stack. The MACD crossed over in bullish territory and this bullish run has an upside projection target of >100, a good 30% from last trading close. The daily chart similarly has technical indicators turning...

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GDX, the gold miners ETF which once had a lot of potential is now in the doldrums. Having hit 41 in April 2022, it had almost halved within 4 months. Recently, an attempt to consolidate and rebound is seeing a lot of challenges. First, the Gold prices are in a bear trend, secondly, rising interest rates hurt the miners, third, the weak equities market also affect...

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Previously, since Donald Trump started the US-China trade war, Gold has been on a clear trend forming a Cup & Handle pattern in the weekly chart. This was covered in earlier posts with decent accuracy, until recently. It appears that the Gold volatility is significantly heightened, to the extent that the the Handle may have been broken. The weekly Gold chart...

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Initially, it appeared that Crude prices were very robust and strong. Then came a retracement after a lower high and formed a lower low, and it appeared weak (in the face of a looming recession. Missing the downside target, Crude actually appears that it found a base, just bellow the weekly 55EMA. Hint is mostly in the daily chart, where there is an obvious...

Auguraltrader

The NASDAQ over-extended its upside target and the later part of last week stalled and started to retrace. Nothing exciting here as it was expected for weeks. lol So the NASDAQ Futures Weekly chart how a (breakout) failure of the 55EMA, and somewhat of a bearish reversal top candlestick pattern in the likes of a Dark Cloud Cover of sorts, or two-thirds of a Three...

Auguraltrader Updated 

Good day! This is an unusual highlight, but I am so excited, and you would read on to find out why... Previously outlined, on 3 August, I played the devil's advocate and looked at a counter trend scenario. In this scenario, the SPY was still below the weekly 55EMA, and could fail to break above, then break down much further. Thing is, the weekly SPY chart is...