Market
S&P Market crash (spy)Will keep it short and sweet, Ive posted in the previous a parabolic curve break of SPY. Notice a harmonic patter forming after a failed retracement (Point C) of the .236. Until that breaks (can ultimately run to $460 and still perform this bearish outcome) Point D can bring SPY to $240. Also meeting the .886 Retracement.. to the dot.
Stock- MON: HSI Trend Status w/ 21 yrs backtesting, week11
2023, week 11
HSI: at 19,161
According to the latest market update, the Hang Seng Index ( HSI ) is still not in a upward trend, with a current long close at 19,161 points.
Use backtesting to evaluate and make objective trading decisions. - PresentTrading
#HSI
Quick Bitcoin Scan in the Morning Good morning everyone
Grab yourself a cup of coffee and enjoy this quick scan on Bitcoin!
Bitcoin has been consolidating overnight, shedding a lot of volatility, and opening up a window of opportunity for a Long and Short scenario on the coin.
Make sure to check the video out so that you don't miss a potential entry on Bitcoin!
Also, please leave a comment and share if you like videos like that.
Many thanks and have a fantastic one legends
All the best
CH
ES Pre Market March 15th 2023Starting with the 4 Hour Trend Structure, we are in a down trend, with price currently in a 100 point range. Price is currently down 1.8% prior to NY open and prior to major red news here in less than 5 minutes as I am writing this. I am expecting a flush to the lows followed by a buying opportunity, Possibly, it depends on price action at the time.
THE CRASH IS HEREThe S&P 500 has attempted a bullish break out in January 2023. The price stalled and started ranging right above previous resistance trend line. Today we see major sell pressure. If we close under temporary support line on my daily chart then we will see the stock market form it's next leg in a downtrend. This will be the longest leg downward. When price fails to breakout it tends to pull back harder and faster than it rallied. Kind of like a rubber band. You can stretch the rubber band upward but as soon as you let go of the rubber band. The opposite force of the rubber band will snap back faster and harder. On the chart, you'll see some green trend lines to where I project price of SPY will land. You can say it's a possible pivot point but honestly I really see the chart hitting 200's before we continue the next future bull cycle. See you guys in summer 2024 when the bulls return! Happy Trading.
Is This The Next Gold Movement After The Silicon Valley CollapseFinancial contagion appeared to spread through parts of the banking sector , It is by far the largest bank to fail since the near collapse of the financial system in 2008, shortly after Washington Mutual collapsed during the crisis. So for me that will impact on raw material , so that will push the gold metal down and push dollar upper and upper .
BTC - Inverse Head & Shoulders 🍰 Analysis #10/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that BTC is still in an Accumulation in the shape of a potential inverse head and shoulders .
📉 As mentioned, for the right shoulder to start , we need a break below the last major low from H4 (in gray)
Now since, we had that break, the next step would be rejecting the 18,000 previous major high and demand zone.
But of course, we will not buy blindly there. Especially that this bearish movement now is driven by fundamental news.
📌As per my trading style:
As BTC approaches the 18,000 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Don't Fall for VIX Volatility Dead Cat Bounce“Happiness was never important.
The problem is that we don't know what we really want. What makes us happy is not to get what we want.
But to dream about it. Happiness is for opportunists.
So I think that the only life of deep satisfaction is a life of eternal struggle, especially struggle with oneself.
If you want to remain happy, just remain stupid.
Authentic masters are never happy; happiness is a category of slaves.”
SasanSeifi 💁♂️BRK.B / 1D ⏭ $321 /$330 ❗HI TRADERS ✌The possible scenario of BRK.B is specified. I think that if the dynamic resistance is broken and the price stabilizes, it will grow up to the target range of $321 and $330.
It is important to maintain the $306 and $300 support range.
let's see...
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
P2P | DXY - Long Term AnalysisGreetings to all who can decode this message lol thank you for tapping in with the content!
This look into #DXY has not changed much from my last few videos, just some minor tweaks. I explain a few things on why I am #bullish on the #dollar and how I plan to #trade opposing pairs like Euro/USD or NASDAQ100.
So yeah gang, not too much to get descriptive over because everything is explained in the video. Enjoy the rest of your week, trade well, and keep crushing it for 2023!
ES Market Crash 45% IncomingI will reference the 1973 crash as proof that this is what is happening today.
Similarities:
8% between the 200sma and the all time High
Daily Pennant/ Triangle Formation
Bear Market Rally breaking above the 200sma, formed a double top
45% crash in prices in 232 trading days
50% crash from all time highs
1973 went 3 full range expansions
2023 potentially go to 1.5 full range expansions
Both years ending in 3
MACD above the zero line, bearish cross and rolled over
I will ride it down to 2280 and then accumulate SPY at 230
Massive wealth will be available to those who take it
Here is the chart of November 1973 and how they are IDENTICAL to today
Market Breadth shows downside singals...The chart shows the S&P500 Future, continiues contract ES1!.
Below you see the charts of the percentage of stocks which above their 50, 100, 200 SMA.
I watch this market breadth indicator closely to see the if a trend is just based on a few big stocks or is "the flow lifting all boats".
What I observe now is that we hat a similar situation in the indicators at the top in December 2022, before we had a 1 year down move...
On top I see a potential bearish divergence in the MACD.
CME_MINI:ES1!
NIO - Will Rise From Ashes 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 NIO has been overall bearish trading inside the falling wedge pattern, and it is currently diving inside a weekly demand zone 6.5 - 10.0
The bears are still in control managing to make new lower lows. But, we can clearly see that the impulse movements are getting flat and small.
This signals an early alert that the bears are exhausted. However , it doesn't mean that bulls are in control yet.
🏹 For the bulls to take over, hence have a long-term shift in momentum, we need a break above the last major high in gray.
📊 Meanwhile, until the bulls take over, NIO can still dive till the lower bound of the demand zone around 6.5
📕 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SPY Fake BreakoutIn January, SPY has attempted to breakout of downtrend and back into bull market territory. I don't believe this pump is sustainable because there is nothing good about the economy right now. The Feds still need to deflate the 6.5% inflation. When the MACD crosses below signal line you will begin to see the price of SPY tank.