jeanius_tech

jeanius_tech

Going into the new year, I am watching NYSE:WMT for a short/take profit opportunity. Walmart tested and closed below the all-time high of 2020 ($153.66) for the year, showing signs of falling in 2023!

jeanius_tech Updated 

It all starts with the basics, SUPPORT. My theory is, in order to find a bottom in this bear market, we must reach an area of support that has never been tested before. I'm using the high timeframe of 12M on SPX for example. How I determine a pivot low (or support) is a 3-candle pattern. The middle candle being lower than the one before and after it is the pivot...

jeanius_tech Updated 

The Hazel Heritage Screener alerted me that this week was going to be a bearish one. Last week we saw AMEX:SPY reach the untested pivot high of $411.73, which you can see from the solid red lines almost every time we reach a pivot high that has not been tested yet, there is resistance. In addition to that, SPY bounced perfectly off of the top of the downtrend...