Ethereum COINBASE:ETHUSD has hit the 50% Retracement of the recent rally. Price must hold this Retracement or the entire rally may fail and retest the bottom of the 2022 consolidation range.
NASDAQ:TLT is showing signs of reversal with a reaction off the low of March 25th. Today's catalyst of dividend payouts made it open right at the 50% Retracement Level. If price holds this level a good Risk/Reward trade would take price back to 141 which is the 50% Retracement of the last few months' down trend.
I was just in the process of doing my Weekly Analysis video when I noticed that at the key Resistance of 3500, which is also the 50% Retracement of the full down move, Ethereum is showing a price spike. Pay attention!
Ethereum hit the target I have been eyeing since this rally began of 3500 which is the 50% Retracement of the last month's bear trend. I would be cautious with longs at this point until confirmation that the level has been conquered.
Bitcoin has triggered a bearish breakout from the recent consolidation as this rally's momentum has slowed. I am looking for a 50% Retracement of the rally.
This morning I received an alert for an opening volatility spike on NYSE:WAT . This opportunity is occurring as price action respects a 50% Retracement Level on the Daily/Weekly as support.
The stock market rally is stalling out today and the Nasdaq has hit a key Resistance. Does this mean the end of the recent rally? Is the market heading for a crash? I'm going to look objectively at price action and the VIX to explain my thesis as to why a new All Time High for 2022 is likely.
Catching up on alerts from Friday last week when NYSE:TWTR signaled a spike. I like a stop loss above the recent short term consolidation with a bearish trade back down to the rally's 50% Retracement Level. Earnings are 4/28/22 and IV has returned to normal. I like either a short shares trade or a long Put to play this rally ending and price retracing to 36...
The Nasdaq CME_MINI:NQ1! got close to triggering the stop loss which was below the Russian invasion low of 2/24/2022 but remained bullish. Now this rally has brought it up this week to the 50% Retracement of the full Q1 correction. This week will be an interesting test to see if it will break the 50% Retracement as the S&P 500 already has.
There are signs the recent rally may be stalling. The S&P 500 Index (measured by futures CME_MINI:ES1! ) has retraced to the 50% of the ATH down to the 2/24/22 Ukraine invasion low. This morning there was a spike on the open to give confidence that this is in fact a resistance (see below). Sentiment wise I am taking these price action signals as confirmation...
Following the earnings rally Target stock NYSE:TGT has pulled back to a 50% Retracement and also triggered a Spike Alert which can define the risk on this pullback. I like the trade to play back up to the post-earnings high and beyond for a long term position.
NASDAQ:TSLA has returned to the 900 level which was the December Long trade (see link below) off the former All Time High and 50% Retracement of the 2021 bull trend. It breached the level during the recent stock market/growth correction and it MUST conquer it to go higher. Keep eyes on the price action at this level that it may turn into confirmed Resistance.
This is my third post about Amazon NASDAQ:AMZN in a week but I find the price action to be one of those rare, textbook, beautiful moments where 50% Retracements work in fractals. From the pullback on March 8th, to the pullback on March 14th, to the pullback at the open today March 15th... the patterns repeated on smaller timeframes.
I was researching the holdings of AMEX:XLF to prepare for Sector Rotation into Financial which I think is due shortly and the top holding in that ETF is NYSE:BRK.B . While analyzing the chart I find that there were two distinct opportunities at major 50% Retracement Levels on 1/24/2022 and 2/24/2022. These are quite excellent holds of my key principle levels...
Following Amazon stock NASDAQ:AMZN hitting the COVID low to ATH 50% Retracement on March 8th, 2022 prior to the split announcement I have been waiting for a pullback to enter on both the Retracement Level and in preparation for the pre-split (May 27th) rally I expect. Success will come from patience.
This is a maximum facepalm where I neglected to set an alert. PRIOR to the split announcement the 50% Retracement level for Amazon NASDAQ:AMZN was 2699.56. Price hit this Support level and held on March 8th, 2022 - two days before the announced split which will likely setup a rally. The split date is May 27th so to atone for my mistake I will be watching this...
Coca Cola NYSE:KO has pulled back to a 50% Retracement from the December low to the recent March high. I am fundamentally still bullish on Consumer Staples via Sector Rotation theory. Since Implied Volatility is high I will do a combination of bullish methods with divided risk to express this trade: Long Shares May 62.5 Calls May 55/52.5 Put Credit...
PLUG Power NASDAQ:PLUG is setting up a post-earnings Support level. As price pulls back from the earnings rise it is making new swing highs and has setup a 50% Retracement at 22.05. This could be an opportunity for a risk defined entry for a swing trade back to the highs or to establish a long term position for investment. Credit to one of my commenters on my...