A short signal has been issued on 191120 at 3559. The target is on the Kijun line of the Daily charts at 3455. A break below 3455 will test 3399. A break above 3576 will test 3674. The SPX is bullish on LT/MT and facing short term correction in the very short term. Watch for price action within the 4hr cloud to be ranging and volatile. A clear break below the...
The SPX continues to hold its bullish tone on all time frames and is attempting to retry its intraday high of 3674. Pay attention to the monthly supertrend line on the monthly chart currently at 3645. As we enter into the traditional year end Santa Claus rally, the bulls must break the supertrend line to the upside coming dec to maintain the rally into 2021....
The STI continues its uptrend in the ST with the buy signal at 2494 since 031120 on the 4hr. The monthly supertrend line at 3108 will be the target of the bulls into the year end. Support is now at 2665. A break below 2624 will resume its ST downtrend.
The SPX is on track to retest the intraday high of 3674 will all time frames bullish. Pivot is now at 3569. A break of 3569 will test 3505.
STI has flashed a MT buy signal on the weekly chart with a target of 2813. Support now at 2637. A break of 2637 will test 2566.
A Biden win gave the STI a strong boost and broke the ST downtrend on 4hr charts on the 3rd of Nov 2020 at 2517. The STI hit and intraday high of 2519. Levels to support uptrend on the day and 4hr charts will be at 2506. Uptrend targets are now at 2626 and then 2697 initially. A break of 2506 will see the test of 2200.
A Biden Presidency gave the SPX a bounce to test 3647 after it bounced of weekly support near 3176. A long signal was issued on the 4hr charts at 3351 on the 3rd of Nov 2020. A long signal was issued on the day charts at 3471 on the 5th of Nov 2020. Target now stands at all time highs if we can break and close above 3647. Support for the ST is at 3400. A break...
A broad sell off across the globe started on the 281020. This sell off spark the SPX to break its Supertrend line at 3333 opening the door to its weekly Kijun support at 3176. The short signal was issued 2 weeks back on the 4hr chart at 3482 on 151020. On a birds eye view, the MT and LT outlook of the SPX is still uptrend. This move towards 3176 is ST in nature...
The STI short signal on the 4hr charts issued on 271020 gave traders 2 days to prepare their shorts and trim positions. The STI short signal on 281020 the day charts was the last line in the sand to trim positions. STI gapped down on 291020 to test 2448. A break and hold below 2448 will test 2200. Only a break and hold above 2509 will resume ST selling...
The short signal issued on 151020 has prevailed throughout the week. Price action in the cloud is often characterized by high volatility till a breakout from either side occurs. A break below the 4hr cloud will test 3333. A break above 3491 will resume the uptrend and test 3550 and 3585 (ATH)
The STI made an intraday high of 2569 on the 13 oct and has since faced selling pressure throughout the week to test 2516. A break of 2516 will quickly move to 2509 and a close below 2509 will resume downtrend in all timeframes. A hold above 2516 will test 2569 and may start an uptrend on the daily charts.
A short signal has been issued on the 151020 at 3482. Price action is volatile with the approaching elections and the hopes of a COVID stimulus package from the white house. The SSSB line on the cloud at 3430 must hold for the uptrend to continue. A break of 3430 will test 3331. Alternatively, A break and hold above 3518 will quickly test 3585
The SPX has resumed its UPTREND on ALL timeframes. Target 3585. Short term support at 3428. The SPX must trade above the SSSA line on the day charts to maintain uptrend. A break below 3428 will test 3378.
The STI has generated a buy signal at 2520 on 091020. Immediate target is 2547. A close above 2547 and hold will generate a ST/MT uptrend towards 2717 Failure to break above 2547 will retest 2510 and resume its MT/LT downtrend. The STI is in a persistent MT/LT downtrend till otherwise indicated.
Short term buy signal issued on 280920. A close above 3393 resumes the uptrend on all time frames. Support is at 3288. A close below 3288 will retest the lows of 3211.
The STI has tried multiple times to hold the 2500 level in the last trading week. A break and hold above 2510 will relieve the selling pressure. A range within the downtrend has develop between 2450 and 2510 in the ST A test of 2450 is still imminent.
Venture had resumed its uptrend with a sharp parabolic ascent to $29.50 from Aug 2016 to Mar 2018. Pivot : $19.54 Buy on a break and close above $19.54 Target $29.50 Stop Loss : $18.92
Wilmar resumed its uptrend LT in July 2019. Multiple buy signals MT and ST were issued on 270720 and 250920 @$4.41-$4.46 PIVOT : $4.54 Buy at the break and hold above $4.54 Target ATH of $7.29 Stop Loss $4.36 A break of $4.36 will negate the ST buy signal and test $4.04