ratchet-mint

ratchet-mint

SPY hits all time high throwing multiple signals that the rally is coming to a close Following long term trend, we see we are at same resistance as July hit before reversing declining volume as recent rally continues gives a bearish signal OBV remains flat while price hits higher highs through out September and October We should expect to see a...

ratchet-mint

SMH fails to make new highs since July peak going into sideways trend. This paints a picture of a long term reversal to bear side coming Comparing OBV trend with the March and July peak, we see that OBV diverges downwards while price continues indicating reversal After severe sell off in August, we see that price trends sideways failing to make new highs ...

ratchet-mint

QQQ reverses after massive selloff and goes into bullish rebound Thursday Oct 1 saw massive sell off on high volume, signals reversal coming confirmation of reversal came Friday Oct 4 when it broke the trend and held above Gap fill on Friday morning was quickly followed by rally staying above downward trend entire day. Made an entry at 484 expecting...

ratchet-mint

NVDA very recently breaks below its upward trend, but other factors make its break below uncertain. Volume has been decreasing since its selloff at the peak of the 26th indicating disagreement RSI has been holding flat at the 50 line instead breaking below MACD also has not been moving into bearish zone just yet. The break below is of concern, but so...

ratchet-mint

SPY has broken two upward trends in this recent rally giving less momentum each time it breaks Ended old upward rally on Sept 23, going into new rally with reduced momentum The latest rally has now been broken again MACD very close to going into a bearish sell off RSI breaks below the 50 line We may expect SPY to trade flat for a little bit of time...

ratchet-mint

NFLX rally is coming to an end it seems with a clear break below its upward support line and holding below. Breaks below back in Sept 11, then quickly reverses back up. Recently breaks below again, tries to regain but fails to get above support level. Stock is now the support level into its resistance level RSI breaks below its 50 level and over the...

ratchet-mint

Comparing QQQ and SPY we can that they still both hold up above the support lines. QQQ and SPY are now showing to hold above their long term downward trend, signaling a turn around RSI still remains pretty stable on both with only slight weakness on SPY MACD on both showing leveling off with slight down ward move forming. Volume is looking to decrease...

ratchet-mint

SMH lately broke above its downward trend that looked promising as a turning from this long ward slide we have been in. Selling may not be over yet After gapping up into more bullish territory it held for a day, stock gapped back down again Forming an island gap We could see the stock come back down into its original trading territory SPY is currently...

ratchet-mint

PLTR gaps below upward trend line showing last few days as a false breakout with price exhaustion horizontal support forms. Once PLTR breaks below this and holds, more selling to come RSI pushes below SMA showing validation with the move. Volume increasing on the gap also giving validation to the recent move down We should start to see more weakness in...

ratchet-mint

SPY today broke its resistance level set back in July after processing the rate cut. Other worrying signs to emerging though shorter term resistance is breached to the upside Longer term resistance line show SPY is back to pushing the limits trying to break above Last time we experienced break above long term resistance in July it was followed by steep...

ratchet-mint

QQQ rallied up its resistance and tests with false breakout Volume increases over day before yesterday as resistance is tested again RSI trends downward and stays below SMA QQQ has been trending downward since August and now trying to break through its major resistance. Generally September and October are not great months for the market so extra caution...

ratchet-mint

NVDA has clearly finished its brief rally failing to reach long term resistance level. A new downtrend has commenced first broke under its upward trend and failed to regain new downward trend formed, attempted to break above but failed and sold off volume has increased as the sell off continues solidifying the downward trend RSI validate the sell off...

ratchet-mint

PLTR breaks above its upward trend signaling that it is over bought and poised for a possible reversal When stock is trending upwards steadily, seeing it break above its upward trend is a sign of price exhaustion when this occurs we usually a experience a reversal shortly after sometimes stocks going really far into overbought zones before finally turning...

ratchet-mint

SMH rallied to key resistance and failed to break through. Gapped down next trading day. Looking to make another attempt at the resistance. SMH gapped down with volume after failing to break through started to recover as smart money took over in later day trading RSI is now below its SMA smoothing line If this pattern holds trying to break through we...

ratchet-mint

SMH experienced a significant rally and now showing signs of weakness and a potential reversal coming. experienced a short lived false breakout back in Aug 22 We are now back in breakout zone again this time with more candles indicating more bulls coming in than last breakout RSI is now trending flat as price continues to rise, signs of rsi divergence...

ratchet-mint

PLTR shows the recent rally could be reversing soon Currently trades high within its range If stock breaks above its upward trend that would be a great time to get out Volume consistently decreases as price increases, this create disagreement in the trend RSI also shows divergence by declining as the price increases We should expect PLTR to sell...

ratchet-mint

NVDA over past 3 months has been slowly trending downward since July. This is not a cause for concern yet, its normal in late Summer for markets to contract. Past 3 slowly trend downward Year long upward trend still being followed Its normal for late Summer to have pullbacks NVDA remains in very bullish range and right now producing buying opportunities

ratchet-mint

SMH has rallied nicely the past 2 days and now reached major downward resistance level again. This is a crucial area for SMH to break in order for more rallying to continue Resistance defined well during late August ETF now presses up against resistance again Volume declines as resistance is reached. Overall I am expecting a reversal to start forming...