Short signals for all 3 major indices have now been issued. They will test their week supertrend pivots as targets below. A break of these weekly supertrend targets will confirm a larger pullback on ALL TIME FRAMES. 21 Sep 2023 SPX 500 SHORT 4377 TARGET 4253 NASDAQ SHORT 14827 TARGET 14088 16 Aug 2023 DOW JONES IND SHORT 34852 TARGET 33055
The Nasdaq breaks its 8-month daily uptrend from 230123 on 090823 with a short signal at 15228. This pullback is seen close to its 16181 supertrend target and now targets the monthly support at 14088. LONG TERM PULLBACK SINCE 010422 MEDIUM TERM UPTREND SINCE 270323 SHORT TERM PULLBACK SINCE 090823 PIVOT 15849 Short positions below 15849 for 14088 and 9445 Long...
The day long on the DJI on 020623 at 33731 is still holding on the pivot support at 33569 to test its all time highs of 37849. The 4hr charts are showing a pullback since 060723 to test 33569. If the pivot is broken at 33569 we will see the medium trend support at 31698 being tested down in the weeks to come. LONG TERM PULLBACK since 070922 MEDIUM TERM UPTREND...
The long signal on the day charts at 4094 on 310323 has hit its target at 4243. A long signal has now appeared on the weekly charts at 4243 which will target 5020 on the monthly charts. Short Term UPTREND since 310323 Medium Term UPTREND since 290523 Long Term PULLBACK SINCE 010622 PIVOT 4103 Long positions above 4103 for 5020 and new all-time highs Short...
The Day Short signal issued on 090323 at 3948 targets 3167, the weekly long signal on 010620 that gave the index the all-time highs of 4820 for 2022. 3167 is also an area of support on the monthly ichimoku cloud SSSA line. The SPX500 is still on a PULLBACK similar to that in 031218 and 020320. A persistent downtrend would be triggered if 2 conditions are met The...
The long signal on 120123 at 17623 on the day charts managed to establish a recovery bounce at 21098 on 160123. The target will now be 40877 on the Long term chart pivot. Only a sustained move above 40877 will regain the Long term uptrend. Short Term UPTREND since 120123 Medium Term UPTREND since 160123 Long Term PULLBACK since 010622 PIVOT 21035 Long...
Long term DOWNTREND SINCE 010908 Medium term UPTREND since 111021 Short term UPTREND since 311022 Singapore Airlines is 1 of 8 component stocks supporting the rise of the STI at the start of 2023. The long signal for this recent run started on 311022 at the price of $5.21. $7.00 is a significant target as it marked the start of last 7 year decline of the stock...
As mentioned in my last post. 4046 has been broken to the upside and held for 2 days triggering a buy signal on 260123 to target the week pivot at 4243. The medium term downtrend since 140222 last year is still intact and stays well below the ichimoku cloud on the weekly charts. A break of 4243 to the upside will break the medium-term downtrend and target the...
All 3 times frames of the SPX500 points to further weakness of the SPX500 for the start of 2023. The medium term downtrend since 140222 last year is still intact and stays well below the ichimoku cloud on the weekly charts. A rebound on the day charts will only be successful if price breaks and HOLD above 4046 that may start the test of 4236 in the medium...
Bitcoin flashes a breakout on the day charts at 17623 on 120123 for the medium term target of 20970. It has been on a medium term downtrend since 030122 for 370 days till date. LONG TERM PULLBACK SINCE 010622 MEDIUM TERM DOWNTREND SINCE 030122 SHORT TERM UPTREND SINCE 120123 PIVOT 17623 Long positions above 17623 for 20970 and 39780 Short positions below...
Gold broke its medium term downtrend on the weekly charts from 090522 to 281122 to test the Long term target of 28.60 (The level that started its downtrend on the monthly charts on 011211. SHORT TERM UPTREND SINCE 041122 MEDIUM TERM UPTREND SINCE 281122 LONG TERM UPTREND SINCE 010716 PIVOT 22.21 Long positions above 22.21 for 28.35 and 49.60 Short positions...
Reference to my previous post, the SPX broke 3867 to the upside and continued the rebound to its weekly pivot of 4246 falling short at 4141 on 13th dec 2022 The rebound ends with a short signal on 161222 from 3874 resuming its downtrend target of 3167 (The last weekly long signal on 010620) Long term PULLBACK since 010622 Medium term DOWNTREND since 140222 Short...
The long signal on the day charts at 30889 on 211022 has broken the week pivot 33267 on 111122. This places the medium term rebound target to the ATH of 37848. Observe the week ichimoku cloud SSSA lines above 33000-34000. A new weekly uptrend will be confirmed only when price trades above this zone in the coming weeks. In comparison, the SPX has yet to break...
LONG TERM DOWNTREND SINCE 010222 MEDIUM TERM DOWNTREND SINCE 041221 SHORT TERM DOWNTREND SINCE 260722 Meta broke its long term uptrend on 010222 that started in 2014 with an IPO price of $38. The initial targets were 154-176 range on the ichimoku cloud SSSA and B lines respectively. The stock gapped down to a low of 97.37 on 281022. The weekly charts affirms...
The short signal triggered on 260822 at 4108 targeting 3168 hit a low of 3489 on 131022. The rebound to its day pivot at 3867 is an inflection point. A break of 3867 to the upside will continue the rebound to its weekly pivot of 4246. Otherwise, the downside target of 3168 remains in the medium term Long term PULLBACK since 010622 Medium term DOWNTREND since...
Ether is on downtrend on all timeframes and the next visible support is the level of 412 that provided the long signal on the monthly charts on 010820. MONTHLY DOWNTREND SINCE 200622 WEEKLY DOWNTREND SINCE 170122 DAILY DOWNTREND SINCE 160822 PIVOT 1412 Short Positions below 1412 for 412 Long positions above 1412 for 1978
The short signal on 17 June 2022 at 110.33 has reached its target at 90.01. This has lead to a short signal on the week charts on the 5th of August 2022 to test the 63.62 pivot support on the month charts. LONG TERM UPTREND SINCE 010221 MEDIUM TERM PULLBACK SINCE 050822 SHORT TERM DOWNTREND SINCE 170622 PIVOT 103.18 Short positions below 103.18 for 63.62 Long...
Long signal on the day charts observed on 280722 at 23859 to test the week pivot at 32814. Long Term PULLBACK since 200622 Medium Term DOWNTREND since 030122 Short Term REBOUND since 280722 PIVOT 19629 Long positions above 19629 for 32814 and 58588 Short positions below 19629 for 10491