interesting to see past results, future always different, well maybe.... good trading
This has a double cloud, the second cloud is just double the first, the price has closed 2 weeks below the second cloud, this weeks candle does not count as the week is not over, if you review back, it closed below in 2001 and 08. Interesting as we know it is not good to close below, but it does not tell us where the bottom is, every chart is different, and every...
Is this the bottom? only time will tell, still below on 10/50, below cloud, but is holding up better than spy, good luck trading!
Only time will tell, but price did top above Ichimoku cloud, trailing line (invisable) also above cloud, tihe MACD just crossing (0), note the Stoch has yet to topple the 80 line. Be prepared to exit as the political and economic issues of several countries are less than positive, good luck trading.
Read your charts and not the news, good luck trading, still holding long all trades.
Just using a double cloud setting. I am hoping it pulls back up with the purple cloud, but would not be surprised if it would go to the bottom of the green cloud. I would be disappointed if it would entirely break thru both and correct, but I will let my long term charts decide the outcome, good luck trading.
Spy is still holding the long term trend, the 10/50 weekly and the 8/10 monthly. The Ichimoku on the daily is also still holding. the next few weeks should let us see if it is going to move up or down, but looking at the long term charts we will be holding positions until the charts tell us not to. Holding long for now. Read your charts not the news!
This is a great opportunity for a short term pullback, great time to add to long term holdings.
Monthly chart long term is still bullish, nest week will always bring concern as fed speaks, but a pullback would be an excellent time to add to long term holdings.
The weekly and monthly chart looks good, for long term holdings we will keep holding until the chart drops below trend.
I am using a 2 cloud setting, I am reading a lot about drops of 20 percent, however it may be one reason to "not listen" to he news and read the charts, prior drops have reversed on one of the cloud edges, so unless it blows by both clouds I will remain long for my long term, this may bounce back up to the 50/65 percent level, but only time will tell, I like how...
Showing how the market responds to the unemployment rate.
Either we are topping out as in 2007 or we are in for another bull as in 2004-2008 interesting either way, no one knows for sure except the chart, trade what you see, not what you read.
short term looks like a definite pull back to maybe blue line, if we are lucky, if so then the long term 10-50 ema weekly chart is still in play, holding long term positions.
Weekly chart conversion line 181.36 and daily baseline 181.37, the trailing line has room to move down into circle area without breaching the cloud, allowing the price to move backup and maintain the bull trend. This is only a guess, but what else can we do in this interesting market. the weekly long term 10-50ema is still positive, but chart is looking a...