In the chart, you can see all the bearish engulfing signals on the $SPX from 2018. They have all resulted in corrections over the next 3 trading weeks, or a much stronger pullback during 1 week. For a deeper dive on a daily chart view analysis, go to the related ideas below (Market Internals in Trouble) . Positive Note: If we can rally and close on a weekly...
Thanks for viewing, Wow, some interesting keywords in their business description; - LEVERAGED buyer of CMBS products (as you know, leverage works both ways. To juice gains or to ensure out-sized losses), - ADJUSTABLE-RATE mortgages (I suppose not so bad - unless interest rates increase which to be fair seems unlikely right now), - office buildings, retail,...
Price move in downward channel, touch upper channel. Pinbar tested and got rejection at minor key level @0.9148 sell @0.9133 TP1: 0.9084 TP2: 0.9
In way's I hope this is the start of the end of the 11-year bull run that we have seen... But time will tell all... The Redline is the VWAP-Anch it did start at the bottom back in 2008, The white line is the VWAP-Anch that did start at the beginning of 2020 and the dark green line is VWAP-Anch down to the hour of the top of the market... Also if you don't have...
If you view my last published chart you can get a fairly clear view of the sideways consolidation that I'm expecting to continue in the coming weeks, in a 45.6-50.4 range, the main trading meat being 46.81-49.18. This range is based on major Supply and Demand (2009 Rally) levels during what I consider Fair Value oil prior to the US initiating QE following the...