BTC - ANOTHER BULLISH SIGNAL FROM THE NUMBER OF LONGSHello, incredible to see how the lines I drawed months (maybe a year ago) acted as resistance and hopefully will act as support now. We are in the area separating the bull fro the bear market so, if it is the case, we will see a second up leg in the longs, meaning that BTC will go up. This is also in line with the indication of my "secret indicator" (next idea).
Optimism
Dax daily: 15 Jul 2020Yesterday's price action was a great example of the rational behaviour of the market participants. As we mentioned in our analysis yesterday, the zone around 12 592 was important for establishing further price development, with the break outside signifying the continuation in that particular direction. Dax oscillated the entire European session before gaining momentum in the afternoon and we could target our trades to previous day VPOC. That is exactly what happened and Dax closed the day at the fair value with the biggest amount of orders.
Important zones
Resistance: 12 882
Support: 12 592
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax opened the day with an ascending gap and the first morning impulse attempts to close the gap. Considering the fact we have the resistance of 12 882 in near vicinity, we're now eying a lovely scenario of closing the gap as it correlates with the VPOC of Monday and then targeting the retest of resistance at 12 882 and possibly break higher. There are no fundamental releases scheduled for Dax today, but the optimism on the US stock markets dominates the market sentiment across the board, even despite the negative echoes of the US-China dealings. Consider it's the earning season too. Should the price get above 12 882, there is a lot of space ahead of us to continue our long bias in the short to the mid-term horizon.
SPX - DANGER - PUTCALL RATIO AT THE LOWEST SINCE MANY YEARSHello,
This is the PUT CALL ratio at 0.52, saying that for every put there are 2 calls around. It is the lowest level since many years, meaning that
1- there is a lot of optimism in the market (usually followed by a drop)
2- investors want to ride this rally until it lasts, and for this goal it is better to have options that just the underlying.
Of course the TF is weekly and we are just in the first day of he week so the data can change, but it is the sameon the daily also. I used the weekly TF just to show you more data in the past.
Keep your eyes open
SP500 vs. SP500%ABOVE200DMABreadth indicator % SP500 STOCKS ABOVE 200DMA reaches the 50% level. Level that previously have acted like a solid support and has marked bottoms. CBOE P/C RATIO AND SPX P/C RATIO have reached levels where markets find bottoms.
"Buy when there is blood on the street" - they say
Market is overpesimistic and algos have sold quickly on the TW news. When little bit of optimism data starts to surprise to the upside we might see NEW ATH til YEAR-END.
3rd slowdown in the business cycle since 2009 have just finished.
Good Luck
FIBS ROCK - Right to 61.8% and bounce - $BTCWe talked about this last night that the market was on the verge of hitting major sell stops... and BOOM!
The price went to the 61.8% level I was talking about and I bought more there.
I still think we are in the optimism portion of our journey on this leg!
Happy trading!
Does post-peak turbulence look bullish?One might infer signs of upward momentum within the dramatic turbulence of late. However, this impression relies heavily on the tiny upward movement on Friday, but which actually reflected the better part of the open hours of that trading day, which countered a sizable fall during after-hour trading. To me Friday's rally seemed pretty substantial given it bounced back from two days of all fall. That suggests to me lower support was hit. Next week will be an important week, and with Trump's steel tariffs to be implemented might be another rocky week.
Maybe not so bad after all?Here's a predictive trend-based model that suggests the current turbulence might not foretell doom. The conspicuous parabolic movement at the start of this year was out of trend, and is simply being corrected back into trend, according to this hypothetical model. Curiously, notice that it's almost like sheering forces (yellow lines) shot across the trend at about a 45-degree angle to the trend defining the (a) slope, (b) peaks and (c) valleys of the turbulence to date.
Overview in US Economy 1996 - TodayThe closer you look the less you see.
Goldman Sachs four stages of economic growth
1)Despair
Outperformed : verified
Utilities and Health care
2)Hope
Outperformed : verified
Car Manuf
Chemicals
3)Growth
Outperformed : verified
Real Estate
Travel Sector
4)Optimism
Outperformed :
Latest themes such as : verified
Electric cars
Latest tech such as : verified
Cryptocurrency
Optimistic Long STRAT Scenario...Levels just seem to match up Can't predict the rumors or news, but from a TA standpoint this would be interesting : )
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :)
My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar.
Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness.
Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.