It is the start of the week and vaccines news is out. We are still waiting to hear from a stim package deal. If tho we had good news over the weekend the market still needs a stim package for at least a few months. With the current vaccines that are coming out no one know how long it will work or when it will be fully under control. Looking to swing some short...
Good morning traders! Today we want to show you this awesome chart that we were analyzing this morning to look for a bullish opportunity.
🔸To analyze this situation, the timeframe that provides the most information is the Weekly chart.
🔸As we can see, during this year, this stock had a rise of more than 100%, to then begin a correction of approximately 20% from...
We were spot on with our analysis in the S&P two days ago, where we predicted it would reject the lower bound of the channel, then make a run for it again. We didn't anticipate stocks to dip so low, but the overall behavior was correct. We did warn you to perhaps enter at lower levels. Current levels should provide enough resistance to see another dip before it...
Looks like we are heading towards last week's resistance and with positive news such as Tesla starting Monday, December 21st will begin trading as a part of the S&P 500 index, it seems like we are going to hit a new all-time high next week.
Looks like we were right on the rejection in the S&P. We just were a little to aggressive on the buyback. We noted a strong level of support under the resistance formed by a technical level and the lower bound of the channel pattern. However, we had enough momentum to pierce 3676 (where we thought we'd have more support), and 3658. The S&P finally found...
This MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful .
The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the...
FUtures gapped up Sunday, and all gaps need to fill but it looks to me like RSI wants to go overbought before this drops....
That way the algos can make their money on the pump and dump. Asians usually like to pump the market on Monday night, will look at stuff to short tomorrow. Flipped my NIO puts this morning, all cash.
Market Dip confirmed! As always the market makes it's typical 2-3 day sell-off that every retailer short or weak long sells out and market responds with a rise premarket. This has been a play that market has done over and over as it's the least cost to it and it's rewarding the least holders in this case longs. I expect us to test S&P 500 ATH soon and past it a...
MFI is overbought, so I expect a pump and dump Monday or Tuesday. Kinda fits in with what I expect, but the overlay (from the previous drop) implies a X-mas tank. Maybe the annual Xmas rally gets cancelled by COVID, I dunno.
Just an idea at this point. As always pay attention to the indicators. No way I go long when MFI is overbought.
Dropping from overbought condition as is NQ.
Not really sure if the market tanks or just dips TBH. All I know is that I'm not going long unless both MFI and RSI get oversold on my 3 hr chart.
DOing random short plays in the meantime.... not really making any money though. Seems like I'm always picking teh wrong stocks, lol.
Good morning traders! Today we are going to talk about the situation of AMD, since it is at a critical level, generating an interesting behavior.
What can we see in this chart?
🔸Well, first of all, clarify that it is a stock that is at historical highs, in a marked upward trend.
🔸What happens in all clear trends is that there are impulses and corrections in...
