Princessgirl

Princessgirl

The Spy is going down, probably this Thursday after the Initial Jobless claims or Friday after the US unemployment rate. (You can see this in some of the indicators I use) It will probably hit the 61.8% retracement or the 78.6% retracement during the week of the Fed Announcement. After that, you will see the market bounce up and down during the week before...

Princessgirl Updated 

There is a triangle forming. The indicators are showing that there will be downward movement. I suspect it will hit 61.8% Fibonacci retracement, but essentially it could go lower than that.

Princessgirl Updated 

Looking at my previous posts, I was predicting the SPY to go lower. But this chart shows what I think will be the shorter term moves in this downward trend. The SPY started in a channel around August and will continue until at least December. After that I suspect in will move up in the new year, but we will have to wait and see. I have a previous chart where I...

Princessgirl Updated 

The SPY is going lower again. The indicators are pointing in that direction. I suspect it will hit around 406 for two reasons. One being that is a Fibonacci level and two, that would be about a 25 point drop which is amount it dropped from July 31 to Aug 18th, and Sept 14 to Sept 27th.

Princessgirl Updated 

There will be a brief retracement for the SPY. The retracement will probably hit 0.618 before Oct. 2. The price point and the date is due to the momentum of the downtrend not being very strong. After this retracement, the SPY will continue to go lower.

Princessgirl Updated 

I believe there will be a bearish move down as there is a declining triangle appearing. The price target is usually calculated by measuring the widest distance of the pattern and subtracting it from the breakout point at the resistance line. This is just a estimate of price point, not a definite target. Alternatively, the market could go up, but the indicators...

Princessgirl

All the weekly indicators are showing a downward movement since July 31, 2023 (approx.) I anticipate the downward movement will hit the Fibonacci level of 1.618 by Dec. 31st or Jan. 31. I highly doubt we will hit the Fibonacci level of 2.618 since we have been on a slow decline of the market since Jan, 2022 and hitting 2.618 would be too much of a drop by Dec....

Princessgirl Updated 

Looking at the weekly indicators, it looks like the SPY will continue to breakout of the channel and move up. If it does move up and breakout, it will move to at least the width of the channel up to approximately 460. But I am not eliminating the possibility of it moving down once it hits the trendline.

Princessgirl Updated 

I believe the market is turning bullish for the short term hitting a 61.8 or 78.6 or 100% retracement. The reason I have already entered the market is because the daily CRSI has already turned. (I use the CRSI as opposed to the RSI as I find it a little more sensitive to chart action) In addition, the 4 hour, 3 hour and 2 hour indicators look bullish so I have...

Princessgirl Updated 

close to 402, point A. Then it will continue to go down on Thursday after the Initial Jobless claims. It will continue to drop until probably next Thursday, Jan 26th (point B) and then do a 50% retracement for a few days (point C). The high point of that wave will be hit on Jan 31 (point C), the day before the Fed announcement. The day of the announcement, it...

Princessgirl Updated 

and after that, we will have to wait and see. I think the SPY will continue to go up until Friday, Jan 13th up until at least 402. (marked as a red cross on the chart). I doubt very much it will go higher than that as it will have to have a lot of momentum to push pass the 200 MA and the trend line to continue to go up. After the long weekend, I believe the...

Princessgirl Updated 

I put this under Tutorial Chart because that is probably where the chart fits the best instead of an Analysis Chart. I have some questions that I can not seem to find the answers to. So, I thought I would ask everyone on Tradingview to find out the answers since Tradingview IS a learning platform. I apologize if these are amateur/simplistic questions. Also, I'm...

Princessgirl

The Dow will go down shortly after forming its head. I use the indicators to enter my trade such as MacD, stoch RSI, DMI, and CCI as well as when the EMA and the MA cross.

Princessgirl Updated 

The DIA is forming the head of the head and shoulders formation. Some people don't expect it to drop to around 26000 but we have been due for a pullback lately. The bottom of the head will hit around Feb 19th. It will then form the right shoulder. That is an approximate time. I am not looking at the time target of the right shoulder until we finish the formation...

Princessgirl Updated 

There is a descending triangle forming until the election, so it will either go up OR down from there. (so not necessarily a short strategy; it could go long) But hopefully, closer to that time, indicators will give a direction.

Princessgirl

In addition to the rising wedge/triangle we see on GOLD, there is also a nice Head & Shoulders Pattern formation presenting itself. I suspect we will go down to about $1450 on GOLD in the next 12 - 15 days. I don't know the exact timing of the bottom of the head (neckline) or the top of the right shoulder, but I did put the price points at where I think the right...

Princessgirl

In addition to the rising wedge/triangle we see on the GLD, there is also a nice Head & Shoulders Pattern formation presenting itself. I suspect we will go down to about 140 on the SPDR GOLD in the next 12 - 15 days. I don't know the exact timing of the bottom of the head or the top of the right shoulder, but I did put the price points at where I think the right...

Princessgirl

I posted about Gold earlier today but it was on the GLD SPDR not the actual futures. On that chart almost everything posted pointed toward a downward movement. But what stumped me on the GLD SPDR, was that the MacD did not indicate a downward movement. So I thought I would look at the Gold futures to see what the indicators were saying because usually the SPDR...