Stocks Hit our Profit Target, What's Next??Our reports yesterday were spot on. We called out the breakout from 4580 perfectly, and we hit our profit target of 4632. We are currently seeing some resistance here, as confirmed by a red triangle on the KRI. News that Ukraine may be offered neutrality may drive the markets higher. We feel this rally may still have legs, and should be able to clear some of levels above. In particular, we have 4649, 4668, and 4693. We could reach as high as 4729 before seeing a technical retracement. The Kovach OBV has been weak compared to the strength of the rally so this is a reasonable assertion. A retracement from current levels could take us back to support at 4440. This would be about a 61.8% retracement on the Fibonacci levels.
Snp500
Whales Smell Blood In The Market, Bulls Dominance!Weekly Time-frame
We are now in the supply zone and in the resistance area of Fibonacci Retracement 0.236 ($47,463). We are also having some rejection in the supply zone. We hit $48,200 and tap out from it we might see some correction as we already have the correction.
1D Time-frame
$47,400 is the top currently in our 1d time-frame. Greed and Fear index is still in #55 which is greed. We can expect more people looking to long the market but short is most likely a better option.
4H Time-frame
We are currently in the bear trend. we have created double top. we have reached the top already for this rally and now starting to retrace. We are bouncing back and forth in $48,000 to $46,500. That's where supply and demand zone are waiting.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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S&P500 index: The Catcher in the RyeToday we are here to talk about the S&P500 index.
Today: The index is trading at 46 13. And in the last trading session, we saw an increase in prices. However, the index has not reached peak yet, here is a link to the idea.
What's on the market now:
As I said earlier, there is a positive mood in the global market. But now the market is almost at its peak.
And today we have only level, where I am sure that this growth will end. However, it is already possible to open short positions if desired, while reasonably limiting your losses.
What are we waiting for today:
Today we are waiting for price stabilization and further market movement to the price of 46 53.
What I recommend:
If you want to open short:
To open shorts at a price of 46 50, this level seems to me the safest. But any price around 4630 is good for a short position.
If you are now out of the market, then I also recommend that you stay out of the market for now and continue to watch, wait for the peak of 46 30 - 46 53. And open a short position there, while reasonably limiting your risks.
If you want to buy:
You can not buy, there are a lot of risks.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also remember to contact me in 1 or 2 days for further trading advice.
I hope these tips were helpful to you, let me know in the comments below and don't forget to subscribe to my channel.
I'll be posting selected reviews every day, so check back tomorrow!
See you next time!
Bye!
Stocks Rally as Global Woes EaseStocks appear to be back in raging bull mode as the market appears to have fully digested the Federal Reserve rate hike plans, and Ukrainian ceasefire talks may also be contributing to a cheerier outlook. We have hit 4580, which was our previous target, and a relative high that had given the S&P 500 issues in the past. We are on the cusp of a vacuum zone to 4632. We are seeing some resistance confirmed by a red triangle on the KRI, and that is anticipated with the significance of the level which we are currently testing. The Kovach OBV is pretty strong, so there is no reason not to expect another breakout today. But if not, 4521 should provide support.
S&P500 index: The green wind is still strong.Today we are here to talk about the S&P500 index.
Today: The index is trading at 45 43. And in the last trading session, we saw an increase in prices. However, we have not yet reached the peaks.
What's on the market now:
As I said earlier, there is a positive mood in the market globally. However, now the market is approaching the peak of its growth, but still has not reached. As the market approaches the top, it becomes clearer to me the purpose of the end of the increase.
Today I have allocated 2 levels for you where I think growth will end.
Earlier I said that the market goes to the area of 45 50 - 46 53. But today I only increased the top level. And now I recommend that you wait for prices around 4630
What are we waiting for today:
We are waiting for further movement to 4620 - 46 53. Perhaps a sharp gap at the opening.
What I recommend:
If you want to open short:
Now I recommend that you open shorts around 46 20 - 4653. But if you would like to avoid risk, short entry above 4630 seems to me the safest.
If you are now out of the market, then I also recommend that you stay out of the market for now and continue to watch, wait for the peak of 46 30 - 46 53. And open a short position there, while reasonably limiting your risks.
If you want to buy:
I strongly recommend not to open long positions yet because of the possibility of a sharp correction.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also remember to contact me in 1 or 2 days for further trading advice.
I hope these tips were helpful, let me know in the comments below and don't forget to subscribe to my channel.
I'll be posting selected reviews every day, so check back tomorrow!
See you next time!
Bye!
Whales In The Market, Could Break 50K ?Weekly Time-frame
We confirmed breakout candle in weekly time-frame for double bottom and downward slope resistance. We can expect more to the upside for this week. Awesome Oscillator is bullish also. Ichimoku cloud Senkou span a is about to be broken as resistance. If We break it we can expect more to the upside. If we get rejected in the supply area we can start having a correction.
1D Time-frame
We are currently in the High Volume Node in VPVR which is a strong trading area. We might go sideways in this area or if we break it then we can have a rocket pump to the upside. We need to turn this supply area into a base and continue pump to the upside. Awesome Oscillator is also bullish. RSI is not overbought yet in 1D TF. If we don't hold this as a base then it will end up as flip zone. Where you can expect a drop from this area.
4H Time-frame
4H time-frame Bullish Saucer. We can expect more to the upside. Greed and Fear index for crypto is now #60 which is greed. We might stay here for a long time now or this might be a good time to short.
We have strong volume to the upside so we can expect institutional money entered the. market. we can enter in the retest of the zone.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
ES1! SPX500USD 2022 Mar 28 Week
ES1! SPX500USD 2022 Mar 28 Week
Snp may test 4587. Watch for reaction there, don't
chase long as market approaches previous supply level.
Play scenario:
1) Support on test of 4525 long
2) Rotational play 4433 - 4525
3) 4587 being resisted again for short.
Weekly: Low vol narrow up bar closing on high = weakness
(no conviction in the up move)
some demand
Daily: Low volume up bar = weakness
H4: Ultra High vol up bar closing toward middle, followed
by high volume up bar = strength.
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4525
4433 4368 4213
4135 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
Big Whale!! Pumping New ATH???Weekly Time-frame
The largest Canadian Bitcoin ETF is hitting back-to-back all-time highs with respect to its BTC holdings as inflows intensified. Bullish news. We are still holding the area of supply zone. If we turn it to demand zone we can rally again in the following days.
1D Time-frame
We are going to have some correction today or might be the beginning of the drop base drop. Crypto greed and fear index is now at #51. AO is still bullish and RSI is still bullish. We are still in the supply area if we turn this to base the we can rally again next week.
4H Time-frame
AO is bullish and is currently correcting. RSI is bullish. Tanken Sen is now supporting the candle. Next support is in Kijun Sen at $43,000.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. [/i
Stock Breakout Near??Stocks have recovered from a retracement after testing 4521. The price action started to 'round off' and we suspected a technical retracement may be in store earlier this week. Our prediction came true and we found support at 4440 also as anticipated. Currently, we are testing relative highs again at 4521, but are encountering steep resistance from red triangles on the KRI. The Kovach OBV has been inching up but has leveled off slightly as stocks struggle to break out further. We are at some serious resistance, so watch for signs of momentum at open. If not, we will likely reject current levels and head to support at 4440. If we do see a breakout, then 4580 is our next major target.
Stocks Retrace as Oil JumpsStocks have retraced as we have called out yesterday. We were due for a technical retracement, and the fact that oil prices jumped provided a catalyst for this retracement. We have found nice support at 4440, a former price target, and expect this level to hold but if not, then we could test the 4300's, with a likely floor of 4350. Our next target remains 4580. The Kovach OBV has dipped slightly, but it still appears we are in a bull trend, so anticipate either some ranging today as we digest current prices, or another bull rally.
S&P 500 index: Buy low and sell high and Eliminate risks!Today we are here to talk about the S&P500 index.
Today:
The index is trading at 4456. And in the last trading session we saw the correction that I mentioned earlier, here is the link and the idea.
What's on the market now:
As I said earlier, there is a positive mood in the market globally. However, now the market is in a correction caused by profit taking.
I have allocated for you 2 levels of its completion. If the market corrects, but does not reach these levels, then this will mean the growth of the market in the zone 44 50 - 46 20.
What are we waiting for today:
Today we can see how the price will continue its correction. And today, or tomorrow, its depth will become clear.
At the moment, as I said earlier, the most likely globally is a further movement to the price of 45 50 and above to 46 20. But after the current local correction.
What I recommend:
If you want to open short:
1. I continue to recommend that you open shorts from 45 50 and above.
If you are now out of the market, then I also recommend that you stay out of the market for now and continue to watch and wait for the peak of 45 50 - 46 29. And there, open a short position while reasonably limiting your risks.
If you want to buy:
2. If you want to buy the S&P 500, it is better to do it after the current slight correction from level 1 to 44 15 or from level 2 to 43 65.
The best way to buy:
After buying from the level 44 15, I recommend that you immediately transfer your deal to no loss. Just set a stop and limit losses to 0. Use the same technique if you want to buy long from the 4365 level.
Buying strategy:
When buying at level 1 (44 15) and if the market knocks you out, try to buy at level 2 at 4365. And be sure to limit your losses to 0, use limit orders for this.
In doing so, you must follow the logic of buy low and sell high and zero your risks.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also remember to contact me in 1 or 2 days for further trading advice.
I hope these tips were helpful to you, let me know in the comments below and don't forget to subscribe.
I will be posting analytical and trading reviews every day so check back tomorrow!
See you next time!
Bye!
The S&P 500 to Face Resistance??Stocks have edged higher and reached our profit target of 4521. We are starting to see resistance building at each level as confirmed by red triangles on the KRI. The Kovach OBV is still strong however, but the price is gradually starting to round off suggesting we will soon have a range day, or a retracement. After over a week of rallying this is reasonable to expect. If so, 4440 should provide support. If not, our next target is 4580.
Breakout Near in Stocks?? 👀🚀📈Stocks are forming a bull wedge pattern and appear to be gearing up for a break out. We did see some volatility at relative highs around our level at 4487, which could indicate a top. We are also seeing several red triangles on the KRI to suggest resistance here. However, the Kovach OBV is still strong despite leveling off a bit. Watch for momentum at open to confirm a breakout. If so, 4521 is the next target. If not, 4408 should provide support.
Stocks Back to Life??Stocks have received a nice buying wave, blasting through 4440. It appears we are back to bull mode, as this was the level to break before we could consider higher levels. We do appear to be facing some resistance at 4462, an intermediary level before 4487, which is the next relative high and key level to break before we can consider 4580 which is a major target, and high of Frebruary. This level was tested and rejected twice, forming a double top that will be difficult to break out of. If we reject current levels, anticipate support at 4408.
SPY Bullish Bias! Buy!
Hello,Traders!
SPY was trading in a narrowing wedge
That was giving off mixed bias
But now after the FED's decision on the interest rate
We are seeing a bullish breakout from the wedge
And It seems like SPY is destined to retest an all-time-high
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
ES1! SPX500USD 2022 Mar 21 Week
ES1! SPX500USD 2022 Mar 21 Week
4133 was tested and price reaction long was good.
Next level to test may be 4487 & 4587.
Caution as price and volume alerts weakness.
Keep stops tight if long
Weekly: Low volume up bar closing on high = weakness
some demand
Daily: Low volume up bar closing near high = weakness.
H4: High volume up bar closing at high = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4487
4399 4319 4213
4135 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
Stocks Reach Our Target!!Stocks had another day of gains, breaking out to test 4408, the exact level we identified here in these reports. We are seeing two red triangles at this level on the KRI suggesting it is providing resistance for now. The price action does appear to be rounding off, suggesting that we may be in for a retracement or some ranging. Candidate levels for a dip include 4380 and 4327. The Kovach OBV is still pretty bullish but does appear to be rounding off as well.
OIL, THREE REASONS why did the price fall by 28%!WTI CRUDE OIL. About a week ago, oil almost has reached its all-time highs ( ATH ), but a few days later it fell by 28%. Why could this happen? Let's look at the situation in more detail!
FIRSTLY, the White House promised to take oil sanctions off Venezuela in exchange for intensified negotiations between President Maduro and the country's opposition. Although the country positions itself as a friend of Moscow but the situation inside the country can make its own adjustments. To recall, the country is in deep crisis and its national currency has been devalued by 97%, but it has the largest crude oil reserves in the world! Would you miss such an opportunity?
SECONDLY, despite Iranian air attacks on bases in Iraq, the Nuclear deal is expected to be signed next week. This would allow the U.S. to ease sanctions on Iran and allow the country to sell more Iranian oil . But of course we need to watch the official statements of the governments.
THIRD reason, the British prime minister may visit Saudi Arabia next week to ask the country's leadership to increase the country's oil production. So far this is just a rumor, but could it come out of nowhere?
These three reasons could have triggered the OIL price to fall!
What do you think of the oil market? Share your thoughts in the comments!
Friends, push the like button and share with your mates - that would be the best THANK YOU!
Two Reasons to be Wary of Stocks 📉Stocks are hanging by a thread as investors weigh a new Covid outbreak in China , and Geopolitical Tensions . The stock market in China has crashed with 2008 level severity as investors panic over the potential of new Covid lockdowns and sanctions as a consequence of support for Russia. US stocks have been hit as well, with the S&P testing relative lows at 4144. We do appear to be getting good support at this level confirmed by green triangles on the KRI, but we are not seeing much follow through. The level below, 4122 is a significant low, and the barrier between current levels and the lower 4K handle. If we are able to break 4122, then we will likely test the lows of the 4K's. If we see momentum, then 4214 is the next target, about mid way between the range between 4144 and 4327.
Why We Are Still Not Hopeful of a Stock RallyThe S&P 500 has edged up but remains volatile. We made a brief run for relative highs at 4327, but that was swiftly rejected. We appear to have bottomed out at 4214, where we have found support. It appears that we are seeing a slight pivot from this level, but are facing resistance at 4245. Despite hopeful headlines for stocks to rally here in the West, Chinese stocks have tumbled in their worst day since 2008 over concerns about China's close relationship with Russia. We highly doubt we will see a significant rally today, but if we we do, we must break 4327, before we can hit higher levels. The next significant target after that would be 4408.
ES1! SPX500USD 2022 Mar 14 Week
ES1! SPX500USD 2022 Mar 14 Week
4290 provided several short opportunities. Price may
test 4133. If this breaks, market may head lower.
Wait for price reaction at 4133 before entry.
Short on retracement preferred for this week.
Weekly: Average volume down bar closing off low =
some demand
Daily: Average volume down bar closing near low =
weakness
H4: Average volume down bar closing slightly off
low = some demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4525 4446
4397 4290
4213 4133 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
Stocks Breaking Out from Bull Wedge Pattern!! 🚀📈Stocks made a run for relative highs but still appear to be having trouble with relative highs at 4272, which was the exact level we called out yesterday. This and 4293 remain hard upper bounds for the S&P 500. At the time of this writing, we are seeing a small uptick, but these levels remain upper bounds in what appears to be a bull wedge pattern forming. The Kovach OBV is trending upwards suggesting a bull price divergence, and therefore we might anticipate a breakout to higher levels. This is a much anticipated breakout as stocks have been holding onto lower levels all week. We were eyeing 4144 and 4122 as these appear to be the barriers to lower levels around 4K. If we are able to solidly break out from the bull wedge pattern, we still have multiple levels of resistance in the but 4327 is the next target.
Exuberance Fading in StocksThe S&P saw a nice rally but the hope soon faded. We were able to break 4272, but rejected 4293. Bulls are encountering steep resistance at multiple levels and the momentum we saw just doesn't seem to be sustained. The Kovach OBV has edged up ever so slightly, but has quickly leveled off. We appear to be finding support at 4243, confirmed by two green triangles on the KRI. However we must solidly break 4272, then 4327 in order to begin to establish a bull trend and consider higher levels again. We should see support at 4144, then 4122 which should be considered a floor price for now. In the event of an absolute melt down, if 4122 does not hold, there is a vacuum zone down to the low 4K's.