


I've indicated area(s) of ascending and descending support and resistance for the week ahead. Please note, areas are indicated on a daily chart for Monday, 3/7/22 and will adjust according throughout the week. When price settles above an area of resistance, that resistance should then serve as support. When price settles below an area of support, that support...
I've indicated area(s) of ascending and descending support and resistance for the week ahead. Please note, areas are indicated on a daily chart for Monday, 3/7/22 and will adjust according throughout the week. Feel free to share with others... Wishing you a blessed and profitable week ahead! Anthony Speciale
Continued WEEKLY price settlements above the ascending $1950 support channel should yield a full channel extension in approximately 3 - 5 weeks time towards the ascending channel resistance currently located at $2075 at the time of this analysis.
Gold had a wild ride this past week with all that transpired. The previous objective of 1940 was achieved prior to the market falling off again. The uncertainty that tore through the broader global markets sent gold soaring, doing exactly what we had anticipated last week. Students of my Rapid Wealth Alliance and Speciale Report programs were all made aware of...
BTC has been a wild card lately. While it remains tradable, I'd complied a chart to help those whom wish to do so. I've Identified both upside and down side ascending and descending structures that should be acknowledged and respected for this upcoming week.
2030 hold the potential to contain selling, above which the descending 2120 channel top can contain buying. Breaking below 2030 could signal a retest of last week's lows descending at the 1875 price level currently.
The 4,275 level supported the weekly settlement. While price action occurred below it, price never settled. The descending 4,465 resistance level is in near reach of where the market closed this past Friday. Beyond which, if price rallies higher there are several more resistance structures it will need to overcome. 4,500 & 4,800 are both positioned as...
While price action occurred below it, the 14,100 structure holds price above for last week. The 14,300 resistance level is in near reach of where the market closed this past Friday. Beyond which, if price rallies higher there are several more resistance structures it will need to overcome. 14,700 & 15,175 are both positioned as resistance above. 13,000 & 12,250...
The 33,000 support level holds yet again. While price action occurred below it, price never settled. The 34,000 resistance level is in near reach of where the market closed this past Friday. Beyond which, if price rallies higher there are several more resistance structures it will need to overcome. 34,500 & 35,000 are both positioned as resistance above. ...
QQQ settles below key support, could be headed toward $300 in the near term. $310 puts that expire in May or June might make sense to take advantage of this move.
Last week's price action, most importantly last weeks price settlement was exciting to say the least. What's next? 1,900 can contain buying pressure, beyond which 1940 is attainable if the 1,900 resistance is broken through. A retest of 1,875 is not out of the question in the near term if price doesn't continue to follow through. 1,815 would be the next...
Last week's price action, most importantly last weeks price settlement may be an indication of what's on the horizon. Price continues to close below key resistance which leave the market susceptible to completing a full channel extension. A retest of 1,892.40 is not out of the question in the near term unless something spins this market around aggressively. ...
Last week's price action, most importantly last weeks price settlement may be an indication of what's on the horizon. Price confirmed weakness last week by opening, testing resistance and closing below the teal channel structure. A retest of 4,212.75 is not out of the question in the near term unless something spins this market around aggressively. Beyond...
Last week's price action, most importantly last weeks price settlement may be an indication of what's on the horizon. A retest of the prior low at 13,706 is not out of the question in the near term unless something spins this market around aggressively. 12,250 is attainable within several weeks time if price settles below the prior low placed at...
Last week's price action, most importantly last weeks price settlement may be an indication of what's on the horizon. A retest of 33,000 is not out of the question in the near term unless something spins this market around aggressively. 34,500 holds the potential to contain weekly buying. It would take a settlement above for the market to grind higher.
The targeted 92.00 - 93.00 long-term resistance area remains able to contain annual buying pressures, and from here the market could fall back into summer trade. Upside, a weekly settlement above 94.00 (1% beyond 93.00) would indicate 100.00 followed by 115.00 within several months, also able to contain annual buying pressures. Downside, a weekly settlement back...
An upside breakout and a downside breakout both offer opportunities for a HD trader. Looking for a settlement in either direction for some follow through to the respective targets.
Price action on this past Friday is currently testing a known area of support for the Nasdaq Market. A daily settlement, more significantly a weekly settlement below identified support @ the 14150 price area would likely accelerate downward pressures towards the 12225 price area. We'd really like to see a close below 13705 for confirmation.