NASDAQ FUTURES rejected July open price... Should have a fake-out under 15,000 before final pop to 15,200. Heavy resistance at 15,200, then final drop into 14,000 range.
the #yieldcurve 10y2y. The Weekly Chart has a picture perfect hammer candle striking EXACTLY at the 1.0 Fibonacci Extension at -1.081%. This fibonacci bounce, coupled with the banking crisis, and the huge drop in the 2y yield (BIGGEST DROP IN 2Y SINCE 1987), leads me to believe the curve has bottomed.
If nasdaq 100 #nq_f futures close over 13,000, the likelihood of taking out the august high is extremely likely, and september month would go engulfing bullish green candle, shocking everyone by reversing traditional cycles. The same thing happened already in 2022 when april had a huge red candle, reversing traditional cycle theory that calls for a green...
Building key support and resistance areas for Oil, which is the main driver of inflation and a big part of consumer sentiment. Plus some thoughts on where it can fall to next...
Tech sector showing lots of relative hidden strength compared to the rest of the market. Expect Nasdaq to lead the next bear market rally.
Some broad level views on VIX...Yes it's possible to do TA on VIX, contrary to what many believe. If you don't believe so, please keep comments to yourself and spend your troll efforts elsewhere. Hopefully this is helpful to someone out there.
Important to know where the monthly, quarterly, and yearly closes are on stocks. Bitcoin had a false breakout a few days ago, and is now red on the year 2022. This false breakout is similar to what happened at all time highs at 69,000.
A view at the SP500 priced in Euros to give anticipatory clues as to potential moves to close out the 2022 1st Quarter...
The SP500 can be priced in multiple currencies. This unique TradingView feature can be accessed at the top right of your screen. The European market has a lot of money behind it, and they invest heavily in the American market. When pricing the SP500 in EUROS and comparing it to the USD, there are some key differences that allow a technical analysis focused trader...
A look at the Nasdaq, SP500, and bonds after the fierce selloff that took place to start January 2022.
Watch the importance of these levels! Self explanatory.
THE SP500 SHOULD TOP OUT AT 4,395 THE WEEK OF JUNE 18TH. It is an OPEX week, and this level of 4,395 represents the 4.618 Fibonacci Extension taken off the Dot-Com crash lows, 2007 market top, and 2009 crash lows. So far, the Weekly SPX chart has held the green trend line ever since the Covid March lows. Every dip underneath that line has been a bear trap. These...
HEAVY RESISTANCE AT 3846.75, A FIBONACCI PATTERN DATING BACK TO THE DOT-COM AND GREAT FINANCIAL CRISIS ERA. THE FEDERAL RESERVE IS CLEARLY PUMPING ENOUGH MONEY INTO THE SYSTEM TO GET US BACK OVER THAT TREND LINE, AND DEPENDING ON HOW IT IS DRAWN, IT SEEMS WE HAVE JUST HAD THE BREAKOUT OF A DECADE. NEW BULL MARKET INTACT? FOLLOW PRICE, NOT YOUR EMOTIONS...
If the Dollar gets over 90.7, that should signal the correction in all assets. 90.7 is the *yearly* 20 period moving average. Rejected twice this past week, but it has broken out of a wedge pattern, backtested successfully, and seems to want to move up to get over 90.7. Target 92.3-92.5 for the short term resistance and green light to long stocks. 90.99 is a gap...
There is a seismic shift about to happen. The news cycle is about to get very intense with covid and the election. Should you take my advice?? I'm only following the chart and filtering out the noise. There are peak bubble signs everywhere you can look. All time charts are at or near peak resistance for most global markets (Germany, Japan, USA...). I leave the...
There is a seismic shift about to happen. The news cycle is about to get very intense with covid and the election. Should you take my advice?? I'm only following the chart and filtering out the noise. There are peak bubble signs everywhere you can look. All time charts are at or near peak resistance for most global markets (Germany, Japan, USA...). I leave the...
SP500 flirted with 2943 multiple times in 2018. We double topped in October 2018, sending us lower, and a year later were able to break past it (October 2019). That led us to new all time highs in February 2020. During the Covid crash, 2943 became support. They built up momentum a bit, trapping bulls, then smashed through 2943 and reach the 2018 lows as support...