What I would be looking for in today's market if I was at the desk today. I still think Fl looks like a good short and DVN looks like it is a position for a possible good long entry. I still need to sees the vix above 25.56 to expect any long term sustained movement upwards.
I explain in first couple of minutes what I would like to see and go over some of what has happened from my perspective of the technicals.
Hi Everyone! I hope you are having great summer so far... Lets review Key Markets Critical support/resistance areas to prepared for in this video: SPX 4500-4273-3403-2935 VIX 18.5-35 DXY 105-111-113 We can cross these ranges with some seasonal patterns to come up with some simple but powerful scenarios. We are about to test on the SPX the Lower High channel...
Traders, Bitcoin is working hard against current overhead resistance. Currently, it has beaten the 200 week but to be sure, we need to see a close above 22,800 in 2 days when the weekly candle closes. Also, I will review what the dollar and VIX may indicate regarding market price action next week. And finally, we'll review a few of the altcoins that continue...
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Traders, Plenty of positive indicators are beginning to reveal themselves. Are we forming a bottom in our markets or is there more bear market to come? We'll review a few of the positive indicators to help us form a more accurate conclusion. - Stew
Traders, In this weeks update: - I discuss and update to my dollar chart - We take a look at where the VIX seems to be headed - I explore one of my friends chart and why it points to the possibility of price direction this weekend. - Stew
Hey guys, It's been a couple of weeks since I put out an update. I am seeing some interesting indicators in the market as I come back to studying these charts. Today we'll take a close look at the dollar, the vix, and we'll also jump to Bitcoin, and talk about unemployment and OIL prices. These are all valid indicators of future price action in the market and if...
SPX 500 - It's hard to say what's going to happen today after open. There are some signs of a bull trap but also some signs that a continued rally for Friday and into next week will commence. I can't really tell, so I give evidence for both. Good luck
Traders, First off, congrats to all those who have shorted this market! You've done well. This is a market only for the most experienced amongst us to trade! And even then, it is extremely difficult. I am admittedly not good in a bear market which is partly why I have put everything on pause at the moment. I am mostly in cash with the exception of my long-term...
Traders, Here's what you can prepare for short-term, mid-term, and some potentials for the longer term as well. - Stew *Note: TV subs, I have trouble streaming to this portal. If you watch my videos exclusively on TV, you may be missing context.
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.
Traders, It looks like Bitcoin wants to drop even further. My suspicion is that we are going to $26-27k over the weekend. In this video, I explain why. Stew
Traders, I want to go over a few items that should remain on our watchlist this week and where the indicators are leading me. I will also give an update on how Stewdamus 2.0 is coming along. -Stew FED Events 🏛 🇺🇸U.S. ECONOMIC DATA THIS WEEK: *MANUFACTURING PMI (TUES.) *SERVICES PMI (TUES.) *NEW HOME SALES (TUES.) *DURABLE GOODS ORDERS (WED.) *FED FOMC...
Traders, We're going to talk about this bear flag on Bitcoin. Will it play out or have we reached a bottom. 29k continues to hold us for support and that is good. The dollar looks like it's coming down a bit. Vix sideways. And let's take another peak at our new data point, the Nasdaq 100 above the 200 day moving average. -Stew
There are no certainties in the stock market. These names have shown good relative strength . This is an ETF based weekly charts that is designed to make money. This system is perfect for the person who works full time and still wants to follow trend and outperform the market.
Traders, The week has ended and Bitcoin has thrown us a bit of a curveball. But should we have expected this drop? And is it a healthy sign. I am of the persuasion that it is! I feel that as long as the Bitcoin price remains above the 50/100 day moving average intersection (which coincides with a .618 Fibonacci retracement level), Bitcoin remains bullish and I,...