MarcoOlevano

MarcoOlevano

For the gold bulls, i really like the look of this setup.. We have finally seen harmony bottom out and break out the falling wedge with divergence ever present as it bottomed. I think we can see this rally up to previous resistance and 200 day moving average at $4.20

MarcoOlevano

A nice triangle forming here on solfarm - (TULIP.) It could break either way so keep an eye for it, but consolidating nicely for the next move which can see +- 43% move to measured target. If we break up we should move to around $30 from current levels of $19.29

MarcoOlevano

Keep a close eye on AMD, it is building a bullish wedge formation, coupled with a hold of the rising trendline since May. A daily close above $108.16 could see this move to $130. It might consolidate within this wedge a while longer but keep an eye as this chart is still bullish in my opinion..

MarcoOlevano

The chart is as clear as it gets, $108 is the big level here and it seems to be holding for now. Another bounce to $124-$126 resistance coming?

MarcoOlevano

Hourly chart of Solana has been in a solid downtrend since the highs of $217 on the 9th of September. with the 50dma < 200dma and the channel having a declining bias.. it will be an important level for the market, more so for the bears. Bears will be licking their lips for more downside but Bulls will be eyeing for a break of the channel to resume the bull trend

MarcoOlevano

Just an interesting observation - if you draw the vwap since the beginning of the year, it is quite evident how the VWAP has acted as an important support level all year. We recently broke under the yearly vwap, and as at the time of posting the chart, we are now testing the underside of the yearly VWAP. Will this vwap support now become resistance? Keep a close...

MarcoOlevano

Breaking higher out of a flat top triangle. If we can see two consecutive closes above the 1.37 resistance.. then we expect to see much higher yields coming forward..

MarcoOlevano

Pay attention to the bond market folks... Break out of this triangle can see TLT move up to 157 if the projected target out of the triangle is reached..

MarcoOlevano

Similar to Netflix, trade going according to plan and we are seeing some reversion to mean as markets cool off. Whether we get back down to the bottom of the channel and the 200dma is yet to be seen

MarcoOlevano

I wasn't able to post this on tradingview the other day as my publishing tool was not working, but never the less, nice to see that the idea of a possible reversal off channel resistance has worked out quite nicely. As indicated the RSI was the most overbought it has been in a long time, and a reversion to mean play was a high probability.

MarcoOlevano

Caterpillar is often seen as a bit of a proxy to the strength of the market - busy undergoing a serious breakdown. Also seen a death cross lately where the 50dma crosses below the 200dma and now trading under both moving averages. Very little reason to be optimistic with this chart. If the triangle target plays out we could move to $182

MarcoOlevano

See chart for analysis. Still a possibility we come back to retest the 1.7 to 1.8 trillion support zone which has multiple confluence points.

MarcoOlevano

This is not a moving average I generally use on stocks as they don't trade 365 days in a year, however interesting to note how the 365 week ma on this chinese tech ETF has called the bottom on many occasions previously. Could this be where a bounce transpires?

MarcoOlevano

Looks like 3000 is as solid as a rock. Hopefully not an NFT rock.. but nevertheless, the chart looks great for further upside after consolidating above $3000 and holding its rising 20dma (middle bollinger) on the daily chart. Should see it build onto its recent gains

MarcoOlevano

I quite like the look of this setup. After a nice break out of the neckline of the inverted head & shoulders formation - which was accompanied by some decent volume, we have recently seen a retest and hold of this level which also comes in just above the 200dma. I think once can buy this retest between $115-118 ,using a stop loss as a move below the breakout (or...

MarcoOlevano

Keep an eye on High yielding Junk bonds. A break below the all important horizontal support level @ 108.60 could be a major sign of risk off. Not only is this an important horizontal support zone technically, but it is also where we find the rising 200dma. A break below this level will be quite a negative for risk on assets

MarcoOlevano

US10YEAR yields have bounced strongly off the 50% fib level at 1.13% for the second successive time and looks to be forming a possible double bottom. A move above 1.30% and back above the 200dma will be an important milestone for the 10 year yields, which could see it move up another 20bp..

MarcoOlevano

This chart needs no comment but clearly a great level for investors looking to fill their boots if we can hold onto the longer term TL + 200 week ma. Tencent doesn't often get oversold under 30 - in fact, it has only been this oversold twice since 2005.