Break out or nahNVDA has broken out of a triangle. If momentum is maintained, we could see $150 as a target
M-oscillator
Dr Lal Pathlab (weekly Chart)Dr Lal Pathlab (weekly Chart)
Cup & Handle Pattern
Support 2767
Expected Level 3625 / 4245
RSI above 60 Daily / Weekly / Monthly
Volume Growth
PARMA / IT / FMCG / AUTO will continue to perform
Little DipperBuying Support 'Supply/Demand' has dried-up.
Stay below the moving averages.
Even the Dividend did Not help.
Did Not participate in the Rally with the Rest of the mkt.
Another Dismal earnings upcoming.
DXY Short: Completion of corrective A-B-CFrom my previous idea that precisely called the turning point and nature of how DXY will move up, I am now calling for DXY to fall. The reason is because:
1) Completion of 3-wave structure,
2) Big picture wise, we are still on a down trend,
3) RSI-Price divergence.
Stop above recent high.
USDCHF continuing upwardUSDCHF pullback to 1H order block to continuing upward after consolidation , target next resistance. Also RSI support upward because it above 70
btc in reverse Head and Shouldersthe **reverse Head and Shoulders pattern** signals a possible bullish reversal, and if Bitcoin breaks the resistance with strong volume, it could lead to a significant upward move. The current pullback and neutral RSI suggest the market is in a wait-and-see mode, but the setup looks promising for a potential price increase. What do you think?
COT Analysis - Grain SectorThis week, ZL, ZM, ZC & ZW are all setup for shorts based on the COT strategy.
This is a SETUP market, it does not mean short now. It means if I am presented with an entry TRIGGER, I will enter short. Until then, I wait.
Enjoy your weekend.
COT Analysis - Currency SectorA few weeks ago I was calling for shorts on 6J, longs on DX, and shorts on ZB. Those trades are well underway, with partials already taken.
This week, COT strategy is supportive of longs for DX. Of particular interest is 6A (AUD). The commercials are more short this market than they have been in over 3 years. This is a very bearish signal. I will be focusing on shorting AUD this week, as in my opinion, it has the greatest potential for a significant down move.
Have a great weekend.
COT Analysis Summary - Energy SectorA few weeks ago, I was calling for longs in CL, HO & RB based on the COT strategy. The move is underway, but based on new analysis this week, I would look to take further long entries in these energy markets. There are currently no COT strategy setups for NG.
My Current Bitcoin Trading Plan - Dips are For BuyingOverall, I remain bullish on Bitcoin. The Monthly & Weekly MAC strategy is still supportive of looking for buy triggers on pullbacks into the Monthly/Weekly MAC lows. I will be looking for entry triggers on entry timeframes if Bitcoin pulls back into the $56K to $57,500 price range, and would consider still hunting entries if it trades below these levels.
The Daily remains bullish, but there is a MAC selling setup (not confirmed until Williams AD closes below its 57 period MA).
Have a great weekend.
Apple - How I'm Looking to Trade Apple This Week Monthly & Weekly MAC strategy suggests dips into the Weekly &/or Monthly MAC low are good setup areas for going long. Essentially, I'm looking to buy the dip if we get a price move into the levels noted in the video. I would not just be buying the MAC lows. I would be looking for entry triggers on my entry timeframes in those areas.
I also point out that there are some Monthly/Quarterly bearish divergences forming, but nowhere near confirmation, so bulls need not worry.
In short, I'm looking to buy the dip on Apple.
Have a great weekend.
DOGE/USD Bullish PullBackDOGE/USD making perfect pullback
Look RSI trendline
Next weeks will be bullish
Will the Google trend forward be a Gemini to the current?CAPITALCOM:GOOG is clearly in a down trend, which started in early July. Lower highs, lower lows, and 21EMA below 50EMA since the cross below in semi-late July. It is currently approaching the upper band of the down channel, and a reaction to the downside could be expected. The MACD is behaving somewhat indecisive and not providing useful guidance, which does not signal a change of trend anytime soon. The volume oscillator is trending down. This all points to price continuing the move down. Target $144, or lower band of channel, which might trigger a push up.
uniQure N.V - Positive divergenceOn the above 2-week chart uniQure N.V. price action has corrected 90% without the aid of share splits. A number of reasons now exist to consider a long position. They include:
1) Price action returns to legacy support.
2) RSI resistance breakout.
3) Strong positive divergence as measured over a 2-month period. Look left.
4) No share splits.
5) Price action previously topped out at the Fibonacci 1.414. Were that performance to repeat price action would top out at $215 with a 3600% return.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <6%
Timeframe for long: Qrt 1 2024
Stop loss: Will say elsewhere
Can Anything Stop Broadcom?Broadcom has been one of the top-performing large cap stocks this year. Now, after a period of consolidation, some traders may see potential for further upside.
The first pattern on today’s chart is the August 19 close of $167.71. AVGO initially stalled at this level and struggled to cross it in the first half of September. But it broke out later in September, and this month is trying to hold it. That may suggest that old resistance has become new support.
Second, the recent low was near the rising 21-day exponential moving average (EMA). The 8-day EMA is also above the 21-day EMA. Is a new uptrend developing in the chip stock?
Third, MACD is rising.
Finally, you have the June low of $130.25. Prices couldn’t stay below it when the broader market crashed on August 5. AVGO then proceeded to make a higher low the following month. Those signals may confirm a longer-term uptrend.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
$SPY October 4, 2024AMEX:SPY October 4, 2024
15 Minutes.
Yesterday was sideways as expected.
Today I will not take trade as AMEX:SPY closed below 200 and 100 moving averages in 15 minutes.
If I get a good close above 572 and moving averages converge at close of day, Probably Monday will give a chance to entry.
No Trade Day for me. Today too.
Kiwi breaking down as US economic data heats upNZD/USD is breaking down, slicing through uptrend support on the daily chart as we head towards nonfarm payrolls. With momentum indicators providing bearish signals, selling rallies and breaks is preferred near-term.
If we see a push back towards the former uptrend today, consider selling with a tight stop above for protection against reversal. Potential downside targets include .6157, the 50DMA and .6109 where the price bounced strongly from on September 11.
While the payrolls report could generate any number of market reactions depending on the prevailing narrative, give the threat posed by an escalation in geopolitical tensions over the weekend, riskier currencies such as the Kiwi may struggle for meaningful upside in the current environment.
Good luck!
DS
A Major Storm in the HorizonRecently we saw new All Time Highs (ATH), the indexes have been on the rise. However there's something in the works. The so called "Fear Index" TVC:VIX has been stubbornly increasing its level and for a while it has breached the 20 level. Which is the borderline from a calmed ascending market and a correction.
The level of the correction may go from just an adjustment in the trend, sending the index back to the long term moving averages, like the 50/100. This is not yet a bear market, which can't be forecasted from just the levels we have at this time.
The FED was aggressive with its first interest rate cut, the market is looking forward for margin at a discount and it knows how to ask for it. We'll have to keep an eye in the Fed balance sheet, the bond yield, inflation and unemployment.
The momentum divergences in the upper time frame have been increasing. Higher levels with lower momentum, this is a sign of reversal. So far it's about time for a trend correction, a bear market will be seen if the main moving averages (20, 50) in the Weekly are breached and its support turns into resistance.
Good Trading Everyone !
15% to 35% Upside Ahead for Corn (Divergence Strategy)Corn recently has had the monthly bullish divergence confirmed with Septembers monthly close. This has major implications for corn, as I anticipate corn to now trade up at least 15% from current prices, up to a max move of approximately 35%. Monthly divergence triggers such as this are signals that the prudent trader must pay attention to. This does not mean I anticipate this market to go straight up from here. However, it does mean that, in my opinion, dips are for buying in the Corn market until we reach these upside targets.
Have a great week.
15% to 30% Upside Ahead for Soybean Meal (Divergence Strategy)Soybean Meal recently confirmed the monthly bullish divergence with Septembers candle close. This is a significant signal that prudent traders should pay close attention to. What this signal implies is that there is a minimum 15% move to the upside from current price ahead for Soybean Meal. The high end target is a 30% upside move. This does not mean this market is going to go straight up from here. In my opinion, dips are for buying in the Soybean Meal market until we reach these upside targets.
Have a great week.
EURUSD - A Confluence of Divergence and Rising WedgeSeems like EURUSD is getting ready to take dive down from rising wedge amidst bearish divergence formed on Awesome Oscillator indicator . Short positions ma be considered only after price breaks down from support line of rising wedge.
VSAT: the dead cat might bounce againVSAT has kissed the wedge bottom! (fell on a support line of the falling wedge pattern) There is a double bottom likely to develop with both MACD and RSI converging with the falling wedge support line on the price chart. (although RSI hasn't got into oversold, hasn't bottomed and turned around yet), it might upswing again, at this price level there is a long opportunity.
FYI - my average is 14.9
Adobe May Have Space to the DownsideAdobe has been struggling all year, and some traders may think the software stock has space to the downside.
The first pattern on today’s chart is the series of lower highs since September 13. ADBE dipped below its subsequent low this week, potentially breaking a bearish descending triangle.
Next, the triangle followed a sharp gap lower after guidance disappointed.
Third, the 50-day simple moving average (SMA) is nearing a potential “death cross” below the 200-day SMA. That may suggest its long-term trend is getting more negative.
Finally, MACD has turned downward, and prices have remained below the falling 8-day exponential moving average. Those points may signal bearishness in the shorter term.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
