TTMTrades

TTMTrades

So now what, we got the $375 to $372 pullback we talked about in my last post (Made a little over 200% on that play) but what now....The Daily chart has hit a key area of support, so im looking for some slight consolidation before we try and rally back to $280. Once we get back up to $380 we either break through and start our way up to $400 or we get rejected and...

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Intraday charts are a sneak peek into what you may see appear its ugly face on the daily chart...I said in my last post we needed a $380 pullback based on the intraday charts breaking down, consolidation and then we would start the next leg to $400. We never consolidated, just a random surge in buying to pull the price back up which is weakness in itself. Well...

TTMTrades

5 Minute Chart, which is a time frame that gives quick signals is showing a possible $380 pull back to consolidate yesterdays big move before the next leg up. Good Opportune for those on the sidelines to make an entry BUT $380 must hold with some solid volume. Overall higher time frames are in tact for a strong move to the upside with $400 as the price target...

TTMTrades

Futures have rallied to try and recover that $278 support lost last week. So one of two things happen moving forward: 1 - We pull back, consolidate and continue the uptrend to push $400 or 2 - We pull back, consolidate and then break down further to the $265 to $270 range, which buyers will overwhelm sellers at those levels and begin taking the price back...

TTMTrades

Intraday charts still are not aligned with the Daily. $378 was a key area to hold as support and with today's breakdown, if the bulls do not have the strength to close above it, this will carry over into next week. I am not fully convinced of a Daily chart break down, but there are some intraday pull backs that need to happen on the 30 minute and 2 hour chart. ...

TTMTrades Updated 

Previous Post I stated, intraday charts weren't aligned with the daily as we looked for a pullback to the $275 level. Best case, we got $276 on a dip with immediate buying to close back towards $279. Well the intraday charts are re-aligning with the Daily, as both the 2 Hour and Daily chart are in a consolidation cycle. This makes for a huge break out in...

TTMTrades

Gold Weekly uptrend is in a current consolidation cycle, hence the up and down movement on the Daily chart with no clear direction as of yet. As we zoom in intraday for multiple time frame analysis, you will see the 2 hour chart(left side) has found support at $1836 and the bands are constricting around the price action. Now with every great consolidation cycle,...

TTMTrades

We all know by now the market as a whole is in for a correction to include some of the Major S & P 500 players such as AMZN. Daily on the Left and Weekly on the right, You can see on the Weekly chart the Bands are constricting and each week the price is slipping lower and lower and we have now falling below the middle bb. Price action will break down soon and...

TTMTrades Updated 

SPY has to cool off over the next 2 or 3 days, intraday charts losing steam.

TTMTrades

Looking for a $32.30 to $31.00 pull back at most before entering. The Fed in June had put temporary caps on shareholder payouts, prohibiting them from buying back stock or increasing dividend payments. "The banking system has been a source of strength during the past year, and today's stress test results confirm that large banks could continue to lend to...

TTMTrades

With the Saudis taking the initiative to cut their oil supply into the market for the months of February and March, there has been consolidation all of January with a slight breakout which has kinda been under the radar.