From a weekly chart perspective, I think we are going to start bear market pretty soon. Volume has been the lowest and I also see TTM squeeze in the weekly which was last seen in the pandemic era. I really think that investors should sell or cover their open positions.
From a weekly chart perspective, I think we are going to start bear market pretty soon. Volume has been the lowest and I also see TTM squeeze in the weekly which was last seen in the pandemic era. I really think that investors should sell or cover their open positions.
Hello Everyone,
If it breaks the wedge, then the target would be the measured move from 123 + 22 = 145 would be its next target. RSI is moving downward so I think it will come back down for another round and then breaks the Wedge. Watch price movements! 123,121 and 115.
Tesla did good and did not sell off. I was wondering why so I thought to put fixed volume profile and point of control in the chart and found that the investors are holding around $425 and $465 levels. When I see sell volume, I see the bottom sell point of 481-483. It does not look like it would go below 480. Another reason is all the S&P500 inclusion hype and...
Watch out for 488 tomorrow. If it close below that we would see some downward movement towards 467 resistance. Futures in Red @10:50PM CST!
Do your own due diligence before making any trades!
Downward movement again towards 353. Watch out for 352 support and see if it closes below that. If it does, we will see some more selling action next week. Goodluck!
Always do your own due diligence before making any trades !
I believe Tesla is going back to its prior resistance at 468. Watch out though it could reverse at 475. Bulls are trying to hit 500 mark and there will be a lot of sell at that price since. I think pre-market will be a sell-off since after hours was 4.5 pts down and up at the market hours. QQQ is in red and there was 43.1M in shorts and sell later at the power...
Just as feared, SPY did not break the resistance. Will need a bigger push to break that resistance. Back to 351 - 352 range tomorrow @EMA55. 1.2 billion was out from the market later in the afternoon today which made SPY go down. Since cases are rising and lock downs are initiating by some states, it is unlikely that onshore and offshore investors will invest,...
Have a very close eye on SPY tomorrow. Even though you see doji candle, I see SPY be in its short downtrend. It is trading at high levels so you can see it pushing back more before it tries to break that 364 resistance levels. Afterhours at 10:11PM CST is red
Very likely to move up. RSI and OBV looks rising. Even though after market is down but it would cover the downtrend in premarket and rise during market
Due your own due diligence!
Neo is very likely to be rising tomorrow since it hit the knife 42.50 after hours. Price levels are marked! This chart is a 4 hour chart.
Do your own diligence always !
Shout out to LuxAlgo, TradingBear and ChrisMoody
I think Spy would go up next week. You may see some downward movement on Monday as I see in the squeezemmetrics (squeezemetrics.com) Upsurge in coronovirus cases can bring investors to pull the rug. I really believe this market is good for short term traders since there has not yet been a confirmed uptrend in SPY.
These are my own analysis and not a confirmation...
Hello Everyone,
I think SPY needs to break the resistance at 350.97 for the market to go up. If you see VPVR, you can find more sell orders at 351 to 354 (yellow is sell and blue is buy). I think orders will change to buy and this will break but keep an eye out on Monday.
Shoutout to @thetradingguy and @Luxalgo for great indicators.
Indicators used -...
