HotPotatoTrader

HotPotatoTrader

Sometimes a good trade is no trade in itself. That being said. Historically RARE we don't get a relief rally but we need the fed. The market will look for the Fed to provide answers. + Fear and Greed index Technicals oversold VIX Money rotation showing signs of a turn. XLY/XLP at the back end of January shows weakening of the US consumer.

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Target 58 area. SUN making higher highs and higher lows

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183 break. 176. then bulls need above 180 to close gap to upside. testing critical support.

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355 likely. possible bounce 361-4. 347.93. If spy brakes below 430 downside potential with price action.

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AAPL key over next couple weeks. Gap fill 167. critical support 174.190 resistance. 180-174 range

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256 did not hold and broke the support trend line at 247.

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fail 50 ema break, going back down towards support at 20 at 26k. retest 25k is support. with possible 22K. bullish above 28K.

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Above 15 care taken to avoid danger or mistakes. 18 "resistance". possible cool 16.80. BB outside.

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correct and pull back before continue to trend. important level. oversold BB. might bounce from here to 436-438 (gap). poss 420 with price action. enjoy!

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Gold hit the level of 1,000/oz 4 times, dropping after each attempt. After the price of gold broke above that level on its 5th attempt, the level of 1,000/oz turned into a massive support level. Notice how gold hit its overhead resistance at the 1,000/oz. Usually, reversals occur on the first, second or third hit. When a market hits the same level for the 4th...

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We are entering NDTH levels that have suggested bottoms of the market in time. Backtest 2008 2011 2016 2018 2020

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A double bottom pattern is a technical analysis charting pattern that describes a change in trend & a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, & finally another rebound. The double bottom looks like the letter "W". The twice-touched...

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Viewing the trends of the market through the lenses of a Fibonacci grid enables investors to see larger patterns beyond immediate upturns & downturns & to pinpoint prospects for profits that may be just beyond the view of investors who are spooked out by a short-term view of the trends. The Fibonacci Flush strategy identifies hidden support and resistance levels...

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The .386, .50, and .618 retracement levels form the basic structure of Fibonacci grids found in popular market software packages, with .214 and .786 levels coming into play during periods of higher volatility. Viewing the trends of the market through the lenses of a Fibonacci grid enables investors to see larger patterns beyond immediate upturns & downturns & to...

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price levels to which markets tend to retrace a portion of a move, before a trend continues in the original direction.

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The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. DXY was originally developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other...

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Bitcoin is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The...

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Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened its focus from traditional PC graphics applications such as...