SquishTrade

SquishTrade Updated 

Primary Chart: SPX Symmetrical Triangle and Anchored VWAPs The S&P 500 broke out of a symmetrical triangle pattern this week. On September 13, 2022, SPX's price closed below the lower trendline of the triangle, which is an upward trendline from the June 17, 2022, low. These multi-month patterns do not resolve easily every time. A backtest of the trendline that...

SquishTrade Updated 

Primary Chart 1 : AMC Price on the Daily Chart with Significant Fibonacci Levels Noted Will AMC's Short Squeeze Continue? Another short squeeze has successfully launched a few lucky traders into the stratosphere. Maybe more than a few if some take profits timely. AMC has risen about +183% above its low on May 12, 2022. In the past several days since July 27,...

SquishTrade

Primary Chart: Two Anchored VWAPS from Important Highs and Lows and Fibonacci Levels Have bears been needing more espressos? Looking solely at SBUX's chart and ignoring most other equities and equity indices, one might suspect the indices had been doing well since May 12, 2022. SBUX put in a trading low on that date and has made higher lows ever since then. ...

SquishTrade Updated 

Primary Chart SPX may rally this week to backtest the H&S neckline (now resistance) where SPX price experienced a downward breakout in late August 2022. So far, price action has come off the lows last week with some force and velocity. Short-term price targets are 4106 first, and if that level holds, then 4137 and 4187. Much depends on the CPI print on...

SquishTrade Updated 

Primary Chart: Fibonacci Channel on Daily Chart BTC is likely to stall at the zero line on the Fibonacci Channel above. The zero line represents the entire down trendline that has contained price since the all-time high. Unless BTC is ready to reverse is long-term downtrend, this is an ideal spot to join the downtrend once the reversal is confirmed. The...

SquishTrade Updated 

Chart 1 : BTCUSD's Downward Breakout From Bear-Flag Channel (Chart 1 also includes a hypothetical price path showing one probable way that price could retest the channel and the downward trendline that has held as resistance since November 2021. BTC's Downward Breakout from Parallel Channel/b] On August 19, 2022, BTC fell over -10%, breaking out below its...

SquishTrade Updated 

Primary Chart: ETH's Key Support Levels Approaching Based on Fibonacci and a Measured Move ETH's Recent Rally since June 2022 ETH made its YTD low on June 18, 2022, a day or two after many equity indices. Since then it has rallied, albeit not in a straight line, significantly. The rally has carried ETH approximately 1149 points higher so far, which is...

SquishTrade Updated 

Primary Chart: ETH Quietly Breaks above Downward Trendline ahead of the Merge Could ETH be strengthening in the short-term ahead of its long-awaited merge event? After crypto market's devastating bear market this year, including the bankruptcies of some crypto firms, an upgrade to ETH's network is set to occur mid-September 2022. This so-called merge event...

SquishTrade Updated 

Primary Chart: SPX Symmetrical Triangle Suggests More Chop Lies Ahead Larger-Degree Symmetrical Triangle Suggests More Chop Looms Ahead in September 2022 SPX has formed a larger-degree symmetrical triangle on the daily time frame. This is shown on the Primary Chart above. The triangle is valid because it is composed of a series of at least two or more...

SquishTrade Updated 

Primary Chart: BTC's Key Fibonacci and Measured Move Levels along with Key Demand Zone BTC continues to trade just above make-or-break levels as it has for much of this week. It continues to chop up and down, similar to the way equity indices have the past few days. Chop essentially entails price action within a range without any directional follow through....

SquishTrade Updated 

Price / Trend The proper starting point for technical analysis is always price , as many expert technical analysts teach. One major consumer discretionary stock, Home Depot NYSE:HD , has been trending lower since year-end 2021. It has made a decisive series of lower highs and lower lows. A trendline above the highs going back to December 2021 is easily...

SquishTrade Updated 

Primary Chart: SPX Head and Shoulders Pattern with Neckline Resistance and Fibonacci Supports SPX formed a Head and Shoulders pattern (H&S) on the daily and intraday charts over the past month. A H&S pattern is actually invalid until it's confirmed with a breakout below the neckline, drawn in dark blue on the primary chart above. In addition, because many...

SquishTrade Updated 

Primary Chart: NDX's Critical Support Levels Include a Two-Month Upward Trendline, Fibonacci Levels, and a Key Price Zone (Teal Box) The Nasdaq NASDAQ:NDX approaches critical support this week as indices give back gains from the recent rally. The most immediate support has already been reached—see the teal-blue rectangle showing a major zone of price support...

SquishTrade Updated 

Primary Chart: Showing Major Retracement Levels for BTCUSD's Entire Bear-Market Decline with Accompanying Down Trendline Since November 2021 to early January 2022, equities and cryptocurrencies have experienced a bear market. The selloff has been more pronounced in crypto assets than in equities generally, although certain segments of equity markets have...

SquishTrade Updated 

Primary Chart : Fibonacci Times for SPX Fibonacci Time Zones for SPX May Show Possible Turning Dates Fibonacci proportions provide useful tools for working with price relationships and time relationships. The price relationships are perhaps the most familiar: price moves (swing highs to lows on various time frames) may be analyzed using Fibonacci...

SquishTrade Updated 

Can SPX Continue to Push Through a Wall of Resistance? Like many other global indices and liquid assets, the S&P 500 (SPX) has had a powerful rally off June 17, 2022 lows. This rally coincided with the July 2022 FOMC meeting and presser—the rally increased in the days preceding the FOMC meeting and then continued in earnest afterwards. This post will not...

SquishTrade

BTCUSD's Fibonacci Tea Leaves May Provide Some Helpful Levels BTC's Downtrend Since November 10, 2021 BINANCE:BTCUSDT (BTC) has been in a downtrend since its all-time high of $69,000. But it has trended higher in a fairly choppy pattern since its major low on June 18, 2022. Many debates have arisen over whether BTC and other cryptocurrencies have found a...

SquishTrade Updated 

SPX Approaches Major Resistance at 4090 - 4177 Fast approaching a major resistance zone where plentiful supply resides, SPX has rallied hard since the presser after the FOMC meeting on Wednesday, July 27, 2022. SPX rallied about 2.62% that day, with the Nasdaq 100 rallying nearly 4.5%. Conflicting interpretations of unscripted remarks at the FOMC presser have...