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Beyondtechnicalanalysis

Is SPX overbought?The key point of this analysis is the strong pivot level on $SPX around the price range of 4100-4150. This area has acted as support and resistance several times this year, which is confirmed by being the area with highest volume on a volume histogram for 50 days, and a volume histogram for 200 days. Bearish Signals : Since prices are coming from beneath, this pivot level is likely to act as a resistance level, preventing the S&P from rallying further up. The 20-14 period regression channel indicator still gives a bearish signal for trend, and the S&P is trading below its SMA 300 (the thick red line) My RMA indicator shows that there were two days when the stock was oversold recently According to CBOE, on September 9th the SPX put/call ratio was 1.36, which means there's more puts than calls Bullish Signals : From a trend channel perspective, $SPX is currently following a descending broadening wedge pattern, which is generally seen as a bullish signal There was recently strong momentum, with two gaps, so a breakout could happen out of the trend channel, which would be very bullish. Overall, it seems more likely to me that this is a bull trap than a bear trap, which will move into a resistance level then reverse down, so I will continue shorting at the current price, but if the price continues to rally to above around 4170, then I will reverse my position into a long, as a breakout could easily pop towards the upside given the strong short term momentum.
SP:SPXShort
by spiritualhealer117
using sss and trama as a guidexbt is trending in bull reversal, and we have an hourly pullback from the current day high that is showing price will revisit one of these levels. the most bullish case is we stay long sss and qqe 15 minute and bounce off signal or moving average and that is marked out in dark green. the slightly less bullish case is if we go for a touch of rising trama. if we bounce from there the range is marked out in light green. the slightly more bearish case is if we break trama and head for that sss supply zone. this is an area we could still bounce from and its marked out in light red. if we go red sse and qqe and break beneath sss supply zone we could follow the path marked in dark red. over all were still in a trending market that is bullish.
BITMEX:XBTLong
by cerealpatterns
Market Update for Weekend and MondayWhen I look at BTC, the most important question I ask myself is where is the market heading and how close is it to a major inflection point (important support or resistance). The most interesting aspect of this video is still the VIX and the possible implications of a return to ~17.10. Which is not only an INCREDIBLY strong bounce spot (trend line) from 2017-2019, but also a 25% drop from the current price. It is very possible that the horrible price action on the VIX has been leading to the odd pushing up of the market with only a few clear signals in-between the noise. I will upload a 20 minute Crypto Alt video idea after this and link that to this idea. See you on Sunday at 19:20 EST for the end-of-the-Week candle stream.
BITFINEX:BTCUSD
by TrendLINEBoys
Specific Trendline to Determine the Direction of any MarketHow to identify the specific points for trendline to determine the direction of the market? In this example, I am using the Nasdaq index. You can use this trendline technique to any markets because its principles in this tutorial are applicable throughout whether to an individual stock, indices or even commodities. I am going to introduce the primary and secondary trendlines, I hope after this tutorial, it will bring greater clarity in how you can deploy them. Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. This method I just shared, it can be applied to any market and any timeframe, be it the minute chart or the weekly chart. Micro E-Mini Nasdaq 0.25 = US$0.50 1.00 = US$2
CME_MINI:MNQ1!Education
by konhow
11
this vaccine trade popped in february 2021, can it recover some?all gas no breaks with a full tank and a full trunk. this covid vaccine stock enjoyed a huge runup to the release of the vaccine, but since has languished on the monthly as it lost over 90% of the price high. im not looking towards this as a long term investment, but im buying the rumor that nvax is announcing new trials or a variant innoculation or at least some catalyst and selling the news of that catalyst as well as the release of the vaccine/start of trial. if we stay above pivot, im aiming for upper horizontals and if we fall beneath it im looking for the lower horizontals. im not looking for a huge long on this thing, just maybe some monthly snap back and a move to close gap.
NASDAQ:NVAX
by cerealpatterns