Consistent_Trades

Consistent_Trades Updated 

BABA bounced back toward the 50-day MA, but it was too weak to break it, signaling there is no momentum in this move. In the last several days, and today also, BABA formed a lower high and lower low, signaling a new downtrend. Furthermore, BABA dropped out of the bear flag, signaling it is going down again. Sell, sell, sell. RSI did recover nicely and is now in...

Consistent_Trades

The SPY is currently facing significant challenges, with the largest ETF on the S&P 500 exhibiting several bearish elements that suggest a looming substantial decline. Firstly, it is breaking out of a highly bearish pattern, namely a rising wedge. Although it ticked out of it yesterday, confirmation requires today's close to be below yesterday's closing price....

Consistent_Trades Updated 

BABA is consistently dropping as it is on the brink of bankruptcy. It is currently at the lower line of the channel, with both RSI and MACD significantly oversold. There are also signs that MACD is attempting to turn positive, along with small, tiny bullish divergences in RSI. Volume is starting to increase at these levels, indicating that panic is rising, and we...

Consistent_Trades Updated 

SOL is forming a huge rising wedge, and a breakdown could trigger massive sell-offs and short positions. RSI is indicating there is no power in this upward move and is ready to cool down, signaling a potential strong drop. MACD is way overbought, similar to RSI, and also shows strong and powerful negative divergences, as does RSI. Histograms are ticking lower,...

Consistent_Trades Updated 

Gold, after reaching an all-time high today amid significant overbought conditions, experienced an intense surge that triggered the stop losses of many short sellers. However, following this surge above the all-time high level, it underwent a sharp and substantial reversal on substantial volume, signaling a potential end to the bullish trend in gold. This was sign...

Consistent_Trades Updated 

It's in a rare diamond pattern and also a symmetrical triangle, maintaining consolidation within it for months. The breakout from this pattern is expected to be significant and rapid, either with a surge or a sharp drop, involving a considerable percentage change. Three days ago, there have been attempts to break out with increased volume. However, the trendline...

Consistent_Trades Updated 

Citigroup is likely done for good. After it dropped below the trend line during August, it did find support and bounce back. But imagine it found great resistance at that same trend line. Yesterday it created a powerful reversal candle, a huge Gravestone Doji. Also, there is a huge possibility that if today gaps down, it would also represent an even stronger...

Consistent_Trades

Oil is forming a bullish falling wedge pattern. If a breakout occurs, it will trigger a major bull run toward the big red or 200-day MA and beyond. Oil found support in the summer area of support and bounced nicely. Now, it is trying to break the pattern and continue to rise. MACD has already shown a line cross, indicating bullish momentum, while RSI is also...

Consistent_Trades Updated 

AAPL experienced a daily breakdown from a rising wedge with strong volume, indicating significant selling pressure from institutional investors. Both RSI and MACD show robust negative divergences, suggesting a lack of momentum in the recent price surge. For the bullish scenario, AAPL must return to the triangle pattern and continue its upward trajectory. On the...

Consistent_Trades Updated 

Russell 2000 has reached a critical juncture, with the IWM (iShares Russell 2000 ETF) at a crossroads for an extended period. There are two distinct possibilities, and one of them may materialize soon. From a bullish perspective, Russell 2000 is forming a prolonged pattern, potentially breaking into a powerful bullish formation known as a high base. A crucial...

Consistent_Trades Updated 

DXY is currently at a crucial juncture, undergoing a correction following a substantial increase. Similar to the 10-year yield, it has found support at two significant levels, marked by the 0.5 Fibonacci retracement, the 200-day Moving Average (BigRed), and a horizontal support area established over the past two years. The Relative Strength Index (RSI) is...

Consistent_Trades

SLV on the weekly chart is in a symmetrical triangle and is at the end of it; therefore, there is not a lot of free space for silver to coil at this level. It is almost certain silver will make a big move and pretty soon. I am more towards the bear side of the breakout because last week silver did break out of the triangle, gold did make a new all-time high, but...

Consistent_Trades

JPM was in a huge symmetrical triangle, and a few days ago, it broke out of it. However, while breaking out of it, JPM was already overbought, and there is a small chance it can continue with this pump further without cooling down. Yesterday it made a huge bearish reversal engulfing candle, which is showing the turnaround is here. MACD is trying to turn down,...

Consistent_Trades Updated 

M for Murder, also known as the double top reversal pattern, has the SP500 or ETF SPY at a major decision point. Could Powell change gears today and stop the FOMO rally, or will he help SPY break resistance and potentially undermine DXY? Nobody knows, but today we might see it. On the daily chart, SPY is overbought and is due for a reversal. RSI and MACD are...

Consistent_Trades Updated 

Is it time to correct the 90-year-old cycle that started after the Great Depression in 1932? There seems to be a chance that we will face a huge and long correction, similar to the significant one from 2000 to 2009. The S&P 500 had a 12-year direct bull run (though it dropped during COVID, it was only 5 weeks of down and up) and didn't correct even with the surge...

Consistent_Trades

The 10-year yield is currently exhibiting strong bullish signals. After a significant surge, it has undergone a correction from overbought levels. What's particularly intriguing is that this correction has formed a bullish pattern known as a falling wedge. The correction has brought the yield down to two robust support areas. At present (today), the yield is...

Consistent_Trades

NVDA broke several bearish patterns and is ready for a major drop together with the whole market. It breaks down from a "symmetrical triangle" (not the best one but okay) and even better it breaks down from its neckline from a bearish pattern of Head and shoulder. Volemu 100% confirms pattern SHS as it is strong on the shoulders and head area. The first stop...

Consistent_Trades

The S&P 500 index is currently poised at the precipice of what could be its most significant drop in 2023. It is forming a low base, indicative of a bearish continuation pattern, right at a major trendline and the 200-day moving average, also referred to as the BigRed. If and when the S&P 500 breaks through this robust support, it could trigger a substantial...