Love this macro HTF channel for FXI, China's large cap equity index. Range goes back to '06. The last two years has been the largest BB deviation since the index's inception. 73% to the channel topside EQ. We think China will outperform US markets over the coming years and this will mark a defining market bottom for China/Asia. I'll linlk the FXI/SPX chart...
NASDAQ:MSFT and $appl both look very similar to me, with a potential swing top forming. NASDAQ:MSFT has been held up with the rate inflation narrative that pump the mag 7 and now it's connection with OpenAI. The market has signaled a broadening over the last 6 months or so, with most of the remaining opportunity centered around value stocks. If this isn't...
there are very few charts out there that look as clean as RSR does on the weekly. huge volume cluster at the lows. 30x back to the highs and this could easily run much higher. ATH market cap was just over $5B.. $180MM market cap currently. Think at peak bull this could run to $+50B.
To pair with the USD chart from earlier, which I'll link, BINANCE:ETHBTC finally appears ready to break out of the downward channel dating back to summer '22. Successful retest of 3D RSI EQ, as well as the recovery of the pink zone. This channel is a thing of beauty, but we shall not miss it. Bigger and better targets await. ONWARD AND UPWARD.
CRYPTOCAP:ETH still looks full bull to me on HTF. Hovering right above previous major resistance, which coincidentally is right at the pivot. 5D chart here. Sill on bull side of RSI EQ and AO is inching closer and closer towards a full reset. We're eyeing at least $7k by November.
crv looks really good to me here, as it's lagged behind the market over the last year or so. showing really strength over the last three weeks. expecting a break out soon.
ethbtc has been in the never ending channel of pain since Oct '22, but we think that's finally coming to an end. successful retest and reclaim of the April '22 low (pink box). eth looks great here, which likely signals the real start of alt season.
We will continue to beat our fists on the table that Asia has bottomed vs US equities. simple chart here. FXI (China large cap index) vs SP500 RSI popping out of oversold on the 2M with a nice bull div. This is setting up for a multi year move. Likely at least the remainder of the decade.
We're in this from a bit higher. Still holding. We think it's bottoming here. TP 46% from our entry. ~ 56% from here. Would love to swing a weekly SFP today for confirmation, but not really necessary. LTF looks good.
Been tracking this one for weeks now as we've formed a bottom and reclaimed support. We think across markets, we're seeing a macro shift away from speculative tech and towards value. TVC:SXXP (European SPX) could be forming a bottom vs SPX as well. What this over performance could look like remains to be seen. Could be more defensive in a downward move or if...
link looks weird. one of the strongest movers seince last sept, but looking kinda weak here. if we fall back into the range, i don't see any reason why we shouldn't retest the former range high. plenty of better plays out there than this right now.
bmy showing strength here at this decade's low. really nice bull div on the higher time frames. expecting $70+ by eoy.
showing a ton of strength here at the ascending channel high. locally, running the low with the potential to spring. sitting right around the 4h pivot. lunar cycle says bull, so leaning towards next week getting the break to the upside.
seeing a ton of energy stocks looking similar. throw downs on the '20's lows, bull divs feeding for moves back into the mid range. don't see any reason this doesn't make a run back towards range eq at a minimum.
this range goes back to 2018 lol but i think it may finally break to the upside. not even on bullside rsi yet. this has room to run. long term play though and this would just be the initial swing. based on the size of the consolidation, there's a chance for a ~200+% upswing over the next few years.
appears to be the bearish retest. rejecting. had a momentary lapse of bullish judgement a couple days ago lol back to bear only. nuke it.
alright talked myself bullish here at htf support. thesis being if bulls can't hold here, it's a long way down. sentiment seems to be uber bearish, which typically occurs at range lows before a move up. the time to short was up around $2.1k, not here. RR favors bulls. multiple TPs. TP1: $1860s TP2: 1930-70s TP3: 2000-70s one. last. ride.
expecting a major sell off here. at a major resistance level. vix at lowest level in a long time. dxy at a significant support. think this is going to catch a ton of people off guard. TP1 $24.8k TP2 $24k