Indexes
S&P500 Index (SPY) Consolidation Trade
spy is trading within a wide horizontal trading range on 4H.
the price has recently reached its horizontal support and formed a double bottom formation.
breakout of its minor resistance confirms a local strong bullish sentiment.
for that reason, the index may keep growing.
goals:
3390
3415
S&P 500 Downwards Sloping Failed W-Bottom1. A Reaction Low formed and Broke Through the Lower Bollinger Band.
2. Price Moved Back around around SMA (Middle Line) and Failed to Test or Exceed it.
3. A Second Drop in Price Created a New Low.
4. A Weak Move Brought Price Towards the Middle Band (SMA) and Failed Exceed it - and was Rejected There, at Resistance.
TOYOTA MOTOR CORP: Important Breakout & Bullish Continuation
Confirmed breakout of a bullish flag pattern on Toyota.
Taking into consideration that the market is trading in a bullish trend
this breakout will most likely initiate a bullish rally.
I will buy on a retest of 618 retracement of the last minor bullish leg.
goals:
7286
7523
Nothing new to see hereDespite recent weakness in the market it seems like we're still in basic recovery channel. Notice back in June we had similar price activity compared to now... the media is also saying how recovery seems to be faster than expected etc. etc. and the Fed is backing off on buying corporate paper. So no... we're probably not about to crash.
S&P500 Index (SPY) Buying the Dips
nice correctional movement on spy yesterday.
the price perfectly dropped to a support line of a major rising channel.
this support matches perfectly with a 618 retracement of the last bullish impulse
+ bullish engulfing candle formed, confirming the strength of structure.
I believe that now it can start recovering.
goals:
3507
3560
S&P 500 Index V-Shaped Recovery!Hello Fam!
S&P 500 fully recovered after February crash, we have a V-Shaped recovery, so if horizontal surpassed, we will get a new uptrend
Good luck to you!
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Idea is not the financial advice!
DXY - Dollar was Oversold, Now Recovering! Hello Fam!
Falling wedge pattern is crossed upward, oversold signal confirmed. You should look at the dollar strengthening, when market opens
Good luck to you!
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Idea is not the financial advice!
Say HELLO to INFLATION
How to measure inflation?
though we normally apply CPI reports for measuring that,
it looks like this data is no more relevant.
I was a bit surprised by the nature of the sharp growth in different markets from March:
cryptocurrencies, stocks, metals, commodities .
while many countries are STILL in lockdown and many people just went bankrupt during these hard times,
everything indicates that things are better than ever.
reading different news outlets, everyone states the RECOVERY and strength of the modern economy.
it's marvelous strength that helped to overcome the severe crisis.
as everything keeps falling apart, I started to look for other reasons for this exponential growth.
it turned out that all these bullish rallies have started almost at the same time.
some BILL was accepted and signed in March, triggering a fall of greenback and market pumping.
looks like we are not contemplating the times of USD inflation .
it is severely painful for me because I am a cash guy and hold my saving in dollars.
but it turned out to be a very bad idea...
what is the solution?
spend money. take it from your mattress and start spending.
deposits are not the option.
only assets will keep their value.
S&P500 Index (SPY) More Growth!!!
it looks like spy is going to set a new higher higher higher close soon.
the price has recently broken above the resistance line of the ascending triangle formation.
the breakout is considered to be confirmed now.
next goal for buyers is 3413 level.
it is based on a long wick of 6th August candle.
because the market is trading on daily highs, I would suggest risking no more than 0.5% of your deposit.
good luck!