SIMPLE TA ANSWERS YOUR QUESTION OVERALL, GREEN TRENDLINE IS HOLDING THE LINE FOR BULLS AND IS MAJOR TRENDLINE TO HOLD (3950)OR ELSE SHORTS WILL BRING TO 3900 THEN A RETEST OF 3970 FOR BULLS TO MAKE IT THEIR SUPPORT AGAIN OR ELSE 3970 WILL BE STRONG RESISTYANCE IF REJECTION COMES IN. Don't complicate things with what FED is doing. Just keep it simple trading...
I'm going to give my opinion on AAPL. To me, this is way overextended. Looking at the Fibonacci, there are certain levels AAPL needs to fill. According to the book, .618 is always an excellent area to buy. We are near ALL TIME HIGH; I think the market is using AAPL to cause this bear market rally. It's about time now; selling pressure will start soon or next...
Don't get trapped in buying the pump wait for one breakout before going long. Still continuation of downtrend this flag pattern shows there will be more downside.
I just went over again looking at futures. NQ RSI is screaming way overbought the market is. I spent hours looking at the charts where I went wrong. Even PCE results came last Friday with 0.6%, beating expectations. Not long right now need to cool off here, then observe again if this was the bottom or just a relief bounce. Earning was the reason the market was...
STILL A BEAR. WHY? Let me tell you one thing on my thesis why I am a bear. QQQ trend is still a downtrend; looking at economic events, it's weak. - First, the Fed tried to tell us inflation was "transitory." - Within a year, inflation hit 9.1%, a 42-year high. - Then, the Fed tried to tell us that a recession was "unlikely." - Now, we officially entered a...
Still bearish here until breaking the trend line. Also, a strong possibility of rejection at 50 MA or $4000 on a 4hr timeframe.
Overall, we are still in a downtrend. Rallys are normal in trends. Keep in mind that this is earning season. A lot of volatility will be this month with the upcoming earnings. I have made my technical analysis with levels which might. Help you out. Break above trendline bullish below bearish.
OVERALL, BTC is in a downtrend channel. We might see 13k-14k soon if the market dumps in the upcoming days. Daily, BTC got rejected at EMA 34, leading to a hard rejection at resistance. Meanwhile, keep shorting at resistance. To reclaim the uptrend line, BTC has to touch 20.2K with little sideways action here. ***That was a rejection on 200 EMA, not 50 sma.
MY PERSPECTIVE ON ETH Overall, ETH is in a downtrend channel. It seems to me ETH might touch the 650-775 area. Don't ever think this won't go this lower. Rember in 2018, eth went almost 95% down from ALL-TIME HIGH. I think this can even touch 300 level in upcoming months or maybe next year. Downtrend channel is so strong at the moment. ETH is rejected at EMA 9-21 daily.
MY PERSPECTIVE IS WHAT CAN HAPPEN THIS WEEK!! Looking overall, SPY is still in a downtrend. There is a possibility of 395 here because the market maker might try to liquidate some stop losses above 394. This week it's going to be a little volatile. I will consider buying some UVXY calls here or adding some shares if you are swinging shares. The market is...
It's bear market territory whenever we see more than 20% retracement from ALL-TIME HIGH. The first retracement from an all-time high is always 33% (that's almost 320 for SPY) I have made a technical analysis on how to play the bear market. The two red lines I have outlined can help traders when to short and when to go long. I'm going to swing shares of SPY (long/short).
SPY GAMEPLAN FOR JUNE 10,2022 As CPI data will be released at 8:30 AM EST, tomorrow is a big day for traders and investors. Make sure not to trade on news or assumptions. Today we saw a massive sell-off at the end hour of the market trading session. There will be a bounce upward tomorrow for correction. The critical level of resistance, for now, is 405.18-405.71,...
SPY is trading sideways right now and broke uptrend as well. Broke below support which is $407, will lead to new lows. SPY might trade sideways till Thursday and significant action on Friday as its CPI day.
SPY GAMEPLAN FOR JUNE 2,2022 Based on today's economic news: ISM Manufacturing (Apr) 56.1 vs 54.5 Expected JOLTS Job Openings (Apr) 11.4M vs 11.35M Expected The market was up the first 30 minutes of the session, and then after the news, it got rejected on resistance and then bounced back from the support of 407. Also, keep in mind that vix is on a support level...
I made levels for 4 hr to look at the bigger picture. Looking at it multiple times, I can see a possibility of 143 if apple rejects here on resistance. If not, and the apple breaks 151 apple can touch 156. Overall, Apple is still on a downtrend. Right now, it's on an uptrend(short term) possibility of rejection can lead to new lows.
SPY GAMEPLAN FOR JUNE 1,2022 SPY REJECTED ON RESISTANCE TODAY. We might see a pump back to 415.50 or a break of 412. TWO SCENARIO: - Break above 416 long till 430 - Break below 412 short till new lows.
AAPL GAMEPLAN FOR JUNE1,2022 Apple did sideways all day and getting rejected on resistance with a fake pump above it. At the end of the day, we can see a symetrical triangle. A break below 149 good idea to short and above 151 long. Overall, no strenght on buying nor selling today. Traders were selling at 150.51 and then back down at it again. Good idea to...
GAMEPLAN FOR MAY 31,2022 Soy is trying to reach the 430 area level as futures showed strength yesterday. ES touched $4200 seems a great possibility, but we need to see what happens on pre-market as always. Market sentiment can change. Overall, the main thing to consider is that VIX is at support, and if VIX breaks, that support area market will see a massive...