supratimbarman

supratimbarman

this is the weekly aapl chart. this is the 2nd time since feb2005 that the weekly RSI was been above 90. in feb2005, aapl fell over 25%. you will notice the rapid decline in aapl recently. i have also included the regression channel and based on this observation, i feel that aapl will reach the top of the channel to about 243/236 perhaps. i have also...

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I have used the Regression Tool available on TradingView, to plot the SPX Monthly Chart going back to 2009. What I observed is that on 2 occasions, (points which are marked with arrows as A and B), the SPX went above the Upper Limit and then immediately fell back to within the channel. At Point A, it returned back to the Median and then followed a gradual...

supratimbarman Updated 

There is a clear and obvious Head and Shoulders Pattern developing in the DXY or the US Dollar Index, (also referred to as the USDX). This H&S Pattern was first evident in Nov 2016 when Trump won the US Elections and it is, currently, again making another appearance. The Lower Arrow indicates 88, which is where the DXY fell to from the first occurrence of the...

supratimbarman Updated 

The Difference between the Max and the Min at Wedge A is (1351 - 1266) or approximately 85. If you add this to B you will get 1346 + 85 or 1431. (B is the max top of Wedge A). This takes us to Block C, where Gold began to range with the max top being around 1431/1451. At Wedge D, the difference between the max at 1583 and the min at 1446 is 137. If 137 is...

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This is a Weekly Chart of the US10Y yield minus the US02Y yield. (This composite is sometimes referred to as the Yield Curve and if the spread or difference goes below 0.000, then that phenomena is termed to as Yield Curve Inversion). This spread is widely followed worldwide as any number below or close to 0 tends to indicate impending slowdown in the US Economy,...

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The chart patterns indicated that the US2Y yield is going to break and stay below 1.500. The implications are that the spread (or difference) between US10Y minus US2Y is getting smaller. This, in turn, is suggesting reversion or a correction in US Indices towards the mean You can see the initial chart pattern A, which led to the corresponding drop to point 1,...

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PCG is an overlooked stock which suffered serious reputational damage during the Northern California Fires, (for which they were blamed). However the stock seems to have recovered and has quietly filled the gaping wounds from 6.15 to about 17.35; which is where it is at now. (I have marked the two major gaps with Blue Arrows). It is also demonstrating a Classic...

supratimbarman

8th of Feb 2020 I feel that the US30 and (consequently the other Major US Indices); may now, Range within a Box; Similar to the Range that occurred between Oct18 and Dec18. The floor of this Range is at about 28,077 and I link in with what I said earlier about Chart Patterns that tend not to fill. and Reversion to the Mean I base this purely on...

supratimbarman Updated 

This is just an observation, (and nothing more), but the Daily Paired Candle Pattern that I have marked with an arrow is a Combination Pair that tends not to fill. I have marked it on the DJI (as I am trading the US30 with a short position from 28, 868 which I opened on the 10th of January 2020) but this pattern is also evident on the SPX, (perhaps even more so)....

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This is a short USOIL trade which I opened on the 19th of Jan, 2020 at 59.424. I then, subsequently, opened another short position on the 23rd of Jan at 55.136. I feel that USOIL will drop to approximately 50.000; where I hope to close the trade. My rationale for this trade is that with the impending US Election, low oil or gas (as in gasoline) prices are a...

supratimbarman

The 10Y yield has been falling since it peaked on the 5th of October and 8th of November 2018. On each leg down of the US10Y, ie; from the 8th of November till the 3rd of December 2018, from the 17th of April till the 3rd of June 2019 and from the 29th of July to the 8th of August 2019, the SPX has also correspondingly fallen. However, the DXY, which has been...

supratimbarman

The SPX is ranging within a Downward Sloping Bearish Wedge that is within strong resistance at 2940 and support at 2820. IF, the wedge were to break, the SPX could fall to 2550, which is the 2009 BullRun TrendLine. SPX has already broken thru the Dec18 low TrendLine and has fallen off ATH at 3020 and is just above the 200day MA at 2800.

supratimbarman Updated 

The SPX is currently boxed into a range between 2940 and 2820. It is in a wedge which is sloping downwards. The SPX is making repeated efforts to break out of the box at 2940 but is forced back. This box has occurred as soon as the SPX convincingly broke thru the upward trendline from the Dec18 lows when it fell off ATH at 3020. This pattern is very similar to...

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VIX Compression waiting to Explode to 20s and possibly 40s.

supratimbarman Updated 

The Weekly SPX seems to be Back-Testing the Trendline extended between the Lows of week of the 2nd of March 2009 and the Low of week of the 8th of Feb 2016. The SPX broke below the Trendline on the week of the 3rd of December 2018 and then began to Back-Test the line and eventually broke above it on the week of the 1st of April 2019, (April Fools' Day); it then...

supratimbarman Updated 

To me, this current situation (25th of July 2019); on the SPX looks like a Double-Top. Maybe it isnt. Maybe it will blast through and form a Higher High. But if I was going by what we have seen so far, there was a similar sort of situation on the 12th of September and the 2nd of October 2018, when the SPX nosedived. I say similar, because the previous ATH...

supratimbarman

It looks like the Dow is beginning to return back within the downward trend line from the All Time High in Jan, 2018. The Maximum BaseLine Limit seems to be 23,500 and the Dow might test this soon. The Triangulation Pattern seems to be confirmed, with a Massive BreakOut Southwards possible, (especially given the rise in the 10Y TNote Yield).

supratimbarman

I see some sort of situation, where the Highs are Getting Correspondingly Lower and there seems to be a Triangulation at work, which may lead to a sharp breakout, (nost probably downwards), in the next few trading days.