Just an update on progress in the markets. The dollar has hit my support level already. Because of the quick drop, I expect it to continue to drop even further, though we may get a bit of a bounce first. The Vix is back down and inside of our long-standing sideways channel. And gold has hit its target to the upside. Plus we'll talk about where the SPY (and U.S....
Traders, SPY has bounced exactly as the charts had shown us it would do. I will briefly discuss what we can expect now in the weeks ahead as we continue our move towards the target of our blowoff top. We will also look at a few of my short plays. I will discuss what I was thinking in entering and what I expect now. I was stopped out of the NVDA play and will...
Traders, The big news this week was that inflation is now just under 3 percent! This is hugely bullish as any further certainty as to what actions the FED will take in the future only aids in investing confidence. Along with this news, we will cover the dollar decline, VIX 2-year low levels, and stocks beginning to break out even further, confirming my long-held...
(0:40) #DXY #Dollar Index - dropping (1:10) #VIX #Fear #Index - spiking (2:30) #DJIA (2:50) #SNP (3:00) #Nasdaq (3:10) #QQQ (3:25) #BTC.D (3:51) #EthUSD (4:15) #BTCUSD - Bitcoin is still overall in bullish territory. A drop below our black ascending trendline would cause me to become bearish, if confirmed on the daily. This still has not occurred. (6:22)...
(2:35) #Dollar #BullFlag (3:25) #Dow #djia #bearflag (4:30) #VIX #inversecorrelation (5:40) #Ethereum (6:35) #Bitcoin #Dominance (8:00) #Fibonacci #Retracement (11:00) My line in the sand
Here's what I am looking at today regarding #bitcoin, #ethereum, the #dollar, our #stockmarket #indexes, and the overall #crypto #markets
(2:00) Dollar broke above a bull triangle (2:43) SNP Chart - Gap fills on the 1hr/4hr (5:36) Nasdaq and DOW gap fills (6:20) Sell volume capitulation on the QQQ? (7:38) VIX fear spike - 7 days in a row (8:39) Bitcoin chart - do we have confirmation that the buyers are back? (10:54) A new experience for me on the charts (12:05) Huge resistance ahead for...
In this 5 minute update: * I want to leave traders with a more optimistic perspective. In the last video update, I failed to point out all of the positive indicators that I am seeing in the market. I review all the support levels that have been found on the indexes and crypto leaders.
In this video: * Further review of the current broader market price action and potential rollover * How this data correlates with crypto and how it could give crypto some time to stay afloat or even de-couple from the broader markets * Time frame of market rollover * Is the DOW forming a Head and Shoulders pattern? * A look at Bitcoin and Ethereum price action...
In this video: * Current price action of the dollar coinciding with that of the markets and an understanding that the Fed may raise interest rates soon, all indicate that the broader markets will begin to roll over and turn bearish. * Cryptos may still have time to complete one more bullish cycle before the markets turns extremely bearish.
In this video: * We must review the stock market indexes and sentiment in order to accurately gauge our crypto space * Overall, nothing has changed. Still bearish! UPDATE: Apparently, TradingView is still having video issues. Subscribe to my substack below to view the video there or any of my other social media accounts. - Stewdamus
Traders, We are watching history in making. S&P500 index has fallen heavily however there may be light at the end of the tunnel. This analysis is from pure technical point of view. Hit the like button and subscribe if you enjoyed this analysis. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas...