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US 10y and 2y yield curve has reverted (i.e. is no longer inverted) and historically this has been a bearish signal for stocks in the months ahead. Whilst stocks have continued to gain for a few weeks to months, ultimately there seems to always have had a precipitous drop to follow. Keep a solid cash position and potentially look to hedge longs moving into...

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TLT relationship with fed funds rate and yield curve (10y and 2y)

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4 step process 1. Yield Curve Inverts (10y and 2y) 2. Fed Pauses Rate Hikes 3. Fed Begins to Drop Rates 4. Stock Market Drops Make of this what you will...

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Keep an eye on this pattern as it develops, as BTC is also at a key level of support. This coupled with a rising 10yr yield and the SP500 looking a little top heavy would lead me to take the view that limiting unnecessary exposure could be beneficial. -TradingEdge

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Quick overview of some key Anchored VWAP targets/ support/ resistance. First up we take a look at the most recent swing high before the leg down on the 8th of May, as you can see this is still quite a strong resistance, with any rally being sold into. The next VWAP Anchor point from the 11th of December compounds the resistance from the first anchor point,...

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SPX is looking a little extended at these levels, with bearish divergence on the MACD signaling waning momentum, i would look to see a slight ease, from these levels Looking at potential targets, the major pivot around $4050 USD also falls on the 50% fib retracement of the most recent leg up. A less aggressive pullback could entail a retest of the 50 SMA....

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Quick update, Head and Shoulders on Bitcoin, with downside target of around $33,500 USD Note the bearish divergence on the MACD. -TradingEdge

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Bitcoin is looking quite nice at this point, although further downside is always a possibility, the market is showing signs that the selloff may be easing. Bitcoin is currently sitting at both the 61.8% and the 50% retracement off major pivot levels, as well as a bullish divergence on the 4 hour Daily: 61.8% Daily: 50% 4 Hour Bullish Divergence: These are...

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With the DXY taking a massive hit on Friday, time to take a look at the unloved yellow metal. As I have noted in an earlier piece, the BEST indicator for Gold that I can see, (leave a comment if you think of a better one) is the inverted DXY chart, surprise, surprise, a weak dollar correlates with a rising Gold price. Daily: The correlation, aside from a minor...

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Potential Inverse Head and Shoulders pattern present on MSTR, for those looking for a stock play on Bitcoin. For a more conservative entry: break above $890 = breakout of the Inverse Head and Shoulders, more aggressive entry would be to enter now, prior to a confirmed break, this is risker (as the move has not be confirmed) however the distance to the stop loss...

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With Bitcoin and cryptocurrencies being all the rage at the moment, there appears to be subdue interest in gold and the precious metals space as a whole. Being the contrarian that I am, that peaks my interest, looking over at the spot gold market, I noticed a clear bullish momentum divergence on the daily chart. Switching over to the weekly chart we can see...

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Disclaimer: I remain very bullish on Bitcoin long-term that being said, I do think that caution never hurt anybody particularly when Bitcoin is getting more and more news coverage (I tend towards a contrarian approach) As we can see there is a clear bearish momentum divergence, with each price peak printing a LOWER momentum reading, this coupled with the...

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Clear bull flag pattern present on Ethereum, this would present an entry with a break above $1880 USD, I have also outlined two possible stop loss levels, based upon your personal risk tolerance. -TradingEdge

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As I have been covering for quite sometime the altcoin market is experiencing a strong move higher, with a powerful monthly squeeze carrying the market higher, it appears that the altcoins are set to get a further tailwind with the presence of a daily squeeze within the firing monthly squeeze. Daily Squeeze It is worth mentioning that a daily squeeze within a...

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Keep an eye on the developing Head and Shoulders pattern on the 1hr chart for Ethereum, a break below $1,215 USD would signal a potential move to around $1,150 USD, whilst this pattern has little to no bearing on the overall trend of ETH, i understand that there are those who wish to trade all available setups. Notice the lower readings on the MACD, hinting...

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Like I posted several days ago the pennant pattern on Bitcoin has resolved to the downside, currently sitting just above $30,000 USD, whilst i do 100% believe this to be a BUYING opportunity, let us have a look to see where the price action could continue down to. A traditional pennant can be measured with the width of the pennant as the 'projected' move, using...

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Ether looks set to outperform Bitcoin, at least that's what the BTC/ ETH Ratio says, with the presence of a clear head and shoulders pattern, which would suggest that the ratio of BTC/ ETH may well narrow to as little as 15:1 (this would equate to a price of ether of $2,400 USD at present time). This pattern is even more easily discernible on an inverted chart...

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Some quick spit-balling around the potential cycle trend for Bitcoin (near-term analysis is less useful at this juncture) As you can see Bitcoin's prior peak in 2017 was the 78.6% fib extension from the prior cycle, using this same method the same value (78.6%) is over 140,000 USD, this number that JPM analysts reported several days ago. first move - to the 78.6...