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A comparison between IXIC and US10Y.Hello traders and investors! Let’s do a quick study on the IXIC. The index is having a hard time now that we hit our resistance and filled the gap at 14,387, and this is expected. This could trigger a pullback all the way down to the previous gap at 14,226, and the 21 ema area. Together, these supports form a dual-support level for the short-term. If we lose this dual-support level, the index could drop more, but so far, we have no bearish sign confirming this. It is important to watch the 10-year yields, as this might be an important catalyst for the next movements: To me, it seems it is doing a Double Bottom to fill the previous gap (yellow area), and this confirms the idea of a pullback in the short-term. However, when we look the daily/weekly charts, we see something interesting: The 10-yr yield is doing a Hanging Man candlestick pattern in the daily chart, just after it hit the resistance at the black line, seen in the weekly chart as a major resistance in 2019. If the yield is about to correct for the next few days, now is the best time in many years. This reading don’t affect the short-term reading, however, if the 10-yr yield triggers this Hanging Man, I’ll be convinced of a sharper pullback for the mid-term. The IXIC still could fill the previous gap, and trigger the pivot point at 14,504 in sequence, reversing the trend in the mid-term, potentially filling the gap at 14,855. To sum up, even considering a possible pullback in the short-term, the bullish thesis in the mid-term is still valid – until proven otherwise. Remember to follow me to keep in touch with my daily studies on stocks and indices! Have a good day.
TVC:IXIC
by Nathan_The_Finance_Hydra
SPX: As we expected, it filled our first gap! What's next?Hello traders and investors! Today, the SPX hit our first gap, as we expected. However, we must be careful, as the situation is quite complex. First, in the 1h chart, the index moved according to our bullish thesis: It broke the purple line, traded above the 21 ema, and it filled its first gap at 4,583. This point is a natural resistance, and if we see a pullback lasting a few hours or even days from here, let’s not be surprised. The thing is that it did another gap today, and we still don’t know what kind of gap this is. If it is a Runaway Gap, great, the SPX will probably break the 4,583 and close above it, confirming a strong bullish momentum. If the gap resistance holds the price, and if we correct from here, this gap might be just a Common Gap, and a target for a possible correction in the near future, along with the 21 ema. This wouldn’t be a problem, as it wouldn’t ruin the bull trend seen since Jan 24, but this will surely delay any other bullish structure it could do next. So, be prepared for this scenario. In the daily chart, everything is going according to the plan, and it seems we have a bullish pivot point in process. By breaking the previous top, the index will confirm a bullish structure that could last for a few more weeks, and will probably hit our final target at 4,652, which is our second gap. Remember: Gaps work as magnets. We are finally above the 21 ema, and there’s not a single bearish structure that could convince me we will reverse from here. I’ll keep you guys updated on a daily basis, so remember to follow me to not lose any of my future analysis! Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
2
SPX: What could make it hit 4,652?Hello traders and investors! Let’s take a look at the SPX. Today, it is breaking the purple trend line we mentioned yesterday, which is good, and this might be the beginning of a new bullish movement. However, in order to make it an official bullish sign, we must do higher highs/lows again. Despite the lack of bullish signs in the past few days, the index has been in a bull trend since Jan 24, and it has been doing higher highs/lows. What’s more, I don’t see any bearish structure that could convince me we would drop from here. If we had a sign of a bearish pivot, double top, H&S, etc., then the story would be different. Let’s see the daily chart, for more clues: The problem with the index is that it is having a hard time breaking its resistance at the 21 ema. In the past four days, the 21 ema worked amazingly well as our main resistance, while the 38.2% retracement is our support (coincidence or not, the 38.2% is the black line seen in the 1h chart too). We see a possible pivot point, and if the index breaks its 21 ema, the momentum might be strong enough for us to break the 4,600 area and hit our target. I already set the target at 4,652 (open gap seen in the 1h chart), and for now, there’s nothing that could change my thesis. This week we have CPI, and surely, the volatility will increase, so we must keep our eyes open on Thursday. What could put our thesis at risk? Again, if it triggers any bearish structure in the 1h chart. What’s more, I would keep my eye on the 4,453 support, as this seems to be a key point. I’ll update you guys tomorrow, so remember to follow me to not miss any of my future analyses. All the best.
SP:SPX
by Nathan_The_Finance_Hydra
6
PYPL Breaking Down through Support Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias. PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn. PYPL just closed underneath that rectangle 2 days in a row, and even rejected off that bottom of the Rectangle on Friday. That shows Strong Resistance at that level. PYPL also broke its Support from its previous breakdown @ the $179.20 area (White Line) PYPL has 1 wick left from the candle on Jan. 10th and then of course further back supports. But I think the range it is breaking out of now, is something to note down of not being a small break down. The reason I am saying this is because PYPL has now been in the sideways trading for around 2 and a half months. PYPL is now ready to make a bigger move, but here it seems that bigger move may be to the downside. Here are EXTRA Reasons why PYPL is a good SHORT idea here. TTM_SQUEEZE - Squeezing (red dots) indicating big movement of momentum coming. + Momentum Switching to Bearish. Broke Down and even retested the Rectangle range. Broke Previous Breakdown support. GAP to fill at the GREEN Rectangle ($130s) area. A lot of stocks like to always fill the gaps... and I know its a stretch to say hence it is a long time ago, but with bearish momentum this stock could easily fill that gap. Some contradicting indicators to this SHORT idea TTM_SQUEEZE (WEEKLY) - WEEKLY Still showing weakness, but appears to be wearing out, and fading to the bull-side. WEEKLY moving average cloud. Still some more key levels to be breaking I hope you guys enjoyed this idea! Share it if you liked it! If I do play this I will be looking in to Liquidated March & or April Puts near the $140 strike price.
NASDAQ:PYPLShort
by ZachSap
1
The Gap (NYSE: $GPS) Recently Poked Thru The Golden Pocket 🔔The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Janie and Jack brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise stores, Websites, third-party arrangements, and catalogs. It has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, Athleta, and Banana Republic stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. As of March 04, 2021, the company had 3,100 company-operated stores and 615 franchise stores. It also provides its products through e-commerce sites. The Gap, Inc. was founded in 1969 and is headquartered in San Francisco, California.
GLong
by DEXWireNews
V - turning bearishV is exhibiting signs of rolling over for the longer term: 1. a breakaway gap break below the 200day MA on 27 Oct on high volume (note: breakaway gap usually signify the start of a trend in the direction of the gap) 2. then finally a strong rebound on 1s December that brought it all the way back to the 200d MA but stalled just below 3. then another sell off on strong volume last Friday. Although another short term rally is possible, it is likely to trade below the 200d MA and all rallies are suspect unless the 50day MA can trade above the 200d MA again. Short a small position with a tight initial stop loss @ 221.50 (in view of some risks as earnings is releasing this Thursday). Will trail stops if trade goes my way. Targets indicated are suggestion based on fibonacci extensions. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NYSE:VShort
by Juliac
1
DLTR - Dollar Tree, Inc.Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings. Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be ready to attempt another leg higher, but since this name does not have the strong earnings numbers I usually look for, I will be aggressive with profit taking.
NASDAQ:DLTRLong
by apaqu