ES has had a recent crossover on BB/EMA with a test yesterday falling Monday will pretty much confirm this new leg down. If CPI is above or in line with expectations this will collapse and we will continue the next rally down. The market wants a santa rally, this begs otherwise. Good luck.
$PLS has recently broken some key supports and further downfall looks likely. 8EMA and 20SMA crossed over and now we're seeing it test the 20SMA and fail (bearish). RSI continues to deteriorate, I think we will hit oversold around $4. If it can't establish support, $3.50 could be likely as well.
CBA has formed a large rising wedge with declining volume, RSI has now hit oversold. Go figure which way this will go. They're going to have to take on COL's catchphrase DOWN DOWN, PRICES ARE DOWN.
Hi all,
Alright, after last night I had a look into SPY again and it's looking pretty bearish. The rising wedge has broken with volume increasing again on the sell-off. First support on the RSI has fallen, even if we rise again tomorrow it's looking more bearish. There has also been a cross-over on the MACD looking at a reversal now, bearish again. Lastly, we saw...
Hi all,
I had a quick look at BTC and it's looking pretty rough after that fall. The formed wedge exploded to the downside passing the first support with breeze and now resting on a lower one. RSI looking just as bearish breaking through two separate supports. We may see a small move up but this looks bearish going forward. Good luck BTC Bulls.
Always keen to...
Hi all,
A few things I've noted here. Over the last few weeks we have seen a bullish divergence form on both RSI and MACD. This is supported by price action where a resistance has formed around $88. I've also noted that there is a bearish resistance that needs to be broken to form the next bull run for oil. We could see a potential breakout if the momentum...
Hi all,
Something I've noticed on the NQ futures compared to the NDX. There has been significant bearish divergence on both RSI and MACD for the month of August with each new high having lower momentum. I must note there has been a bullish divergence as well. However, due to the marco-environment, I'm leaning towards a negative perspective as it has also formed a...
