Looks like the medium term bias is to the downside for small caps, as we see the weekly pivot (red solid line) fall below the monthly pivot (dark solid line) with AMEX:IWM closing below both. Both deviation boxes represent two standard deviations above and below the a moving monthly pivot. We may see demand in the lower deviation range if we fall to start off...
FLOWUSDT is currently in expansion and is at the 2 Standard Deviation extreme for the log transformed bands and the momentum indicator shown beneath. TP: 0.705 SL: 0.813
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I'm bullish on LTC, trend is positive and a double bottom already happened, but expecting crypto market dump soon so lower prices ahead are to be expected IMO. This is also confirmed by negative (statistical) skewness trend (pale red line), and negative volume trend yet to breakout. I see a possible double bottom forming on LTC on an important...
The correlation between Visa and Mastercard creates an interesting investment trick. I began this analysis not even looking for the correlation between these two companies' stock prices. But rather I was looking for some chart patterns using a stock screener. At the top of the list, these two companies emerged. As usual, I was going to go through the stock charts...
Thanks to a lower than expected CPI print (though just one data set for now) markets have attempted to breakout of a daily high set just two days ago. QQQ/TQQQ have also left a substantial gap in the process, no gaps do not have to fill immediately and sometimes will not for a varying length of time however the point still stands. Futures have now met Yearly...
Holding monthly VWAP's lower standard deviation band...monthly VWAP sitting at $11.71 currently. Big earnings tonight from %AAPL and $AMZN which could definitely change this in a hurry but for now, as long as we see the lower band hold at $9.48+ then over the next week or two could see a squeeze up to mid $11s before retracing lower trying to find more support....
NZD$ Technical analysis - Remain bearish below 0.70 - 0.69tp1 0.68tp2 on a rate cut (Aug 10th): Key level close: 1. On the daily and weekly we closed at the strongest pivot point of recent times at 0.70 - this is very bearish as historically this is the strongest level (lower than post brexit). MA: 1. We trade below the 4wk and 3m MA - this is a bearish...