I mean just look at the technicalas, I don't really have to say much here lol. Maybe watch closely for rsi to hit bounce off 50 fist or just getttonninnn because this suckered has been rallying up like it's been in its own stock market this whole year.
Past performance isn't an indicator...until it is haha. Until it keeps replicating the same patterns over and over again especially with the same type of fundamental factors playing out at the same time over again like planned rate hikes and such things. This is Based off of rsi and trend lines moving averages and double bottoms and tops. Their is also a triple...
Looks like repeated double tops signaling a move down. This is when the buyers get rejected from sellers and form the tops. After enough times the buying pressure becomes exhausted leading up to a fall down where sellers take over. Other factors such as RSI and comparing the DXY and VIX all at the same time on daily time frames and hourly frames and minute are...
Downtrend to a new bottom possibly lower than before, the same exact pattern is being formed just like right before the greatest past 2 falls to the lowest lows. Rsi is all set up for a big pullback along with the levels on the dxy and vix and spy. Hopefully it is the final drop before the great final run up into the next real bull market of 2023. After a lower...
Possible breakout to the upside following earnings and strong retail store results from the holidays.
Partern of double bottoms forming within an overal larger triple bottom almost complete. Double and triple bottoms indicate a change in trend to the upside after multiple failed attempts to break lower the selling pressure runs out and breaks high. I belive another short term leg down to an overall very strong breakout to new highs. Although to get the strong...
Prediction for December 16th fomc fed meeting, the last one of the year with a closing lower .50 rate hike, finally allowing the market to have the positive sentiment to rally on upwards above resistance levels to new highs. For now short term until then, the relative strength is to high signaling a downturn cool off just about for a week or two until the fed...
Patterns looking bullish long term bearish short term into close up earnings then upwards after reporting earnings to complete the same W patterns on the daily within the huge trend lines that have stayed up opposed to crashing down, strong momentum likely to continue if all goes well with the company, and the company does very well. To sum it up I'd hold or a...
This means stocks go down unfortunately when the dxy goes up. The vix is also at 30 on the daily. If I was betting I'd be all in that a new bottom is coming very soon for stocks next at least one more time but will start any day now until hopefully the December last fed meeting and rate hike and we get a .50 and can finally breathe and invest again into a new Bull...
Daily chart rsi is at 30. Each and every time this leads to a strong reverse up in the vix which everyone knows means that when the vix goes up stocks go down... so it looks primed to drop the market up until next fed meeting I think half way through December to hear the word about the final rage hike...as usual...hopefully we get a 50 this time and can get...
Before the crash the rain stayed aboved the yellow moving average line. Now we are testing it literally at the line right now to see if we bounce down or break and stay above...let's hope and see good luck everyone!
Theirs some bad sentiment going around with Bitcoin right now unfortunately and who knows with the upcoming data and the fed. I know technical analysis hasn't been as reliable in this market as it should be since the markets been stuck on fundamental news headlines for it to move up or down due to huge levels of fear and fud. But this defending triangle pattern...
Rsi strength crossing above 50, adx shows the previous downtrend weakening changing trends, dmi staying to form bullish, staying above the moving averages looks bullish, if it had broke below just before earnings I would have a bearish outlook, it looks as if the majority of Chipotle investors are going long into earnings, my research shows they are highly...
We can see on the weekly it is trying to rise above the 50 ma line staying above the 10 ma. We see bullish rsi strength about to break above 50 the upper bullish rsi area. The dmi shows a bearish trend changing into a bullish trend. The ADX shows the previous bearish downtrend weakening and changing trends, as the dmi is wanting to cross to become bullish. This is...
Could be a bullish signal. Every golden cross on the spy 1 hour chart has led to a rally
Using the moving averages, the Golden cross/death cross indicator. 200 day, 50 day and 20 day can be seen. This is the monthly chart. On the weekly chart you can also see almost the exact the same thing forming. This caught my attention to check it because this is what's happening to the SPY S&P500 right now, it is bouncing off of the 200 day moving average line...
Using the moving averages, the Golden cross/death cross indicator. 200 day, 50 day and 20 day can be seen. This is the monthly chart. On the weekly chart you can also see almost the exact the same thing forming. This caught my attention to check it because this is what's happening to the SPY S&P500 right now, it is bouncing off of the 200 day moving average line...
This has reached a high Overbought signal exactly the same level it was at previously at the start of the reversal. Also look at the SPY S&P 500 has crossed below 30 on the daily RSI which means officially oversold. When the market reversal happens all the same fud is still going on just before theirs no warning. This does not mean it's the end but a small...