Yday I was short biased and thought we will have enough supply to flush Key Support at 4084.50-4077.25 but I did mention that if we do no break support and reach next level down then we can see a rotation back to 4103.25-4099.75 and 4123.75-4119.25, because of the short bias I did not think we will get back to Key Resistance at 4143.75-4137.50 and extend to next...
Yesterday we had a balance day in our 4030.75-3976.50 range as were thinking it would be, in the Globex session we failed to go lower and did not even touch our 3994.50-3988.75 level which was a sign that we are out of supply. Once we got to our Key Resistance and todays T+2 high (Fridays High) we consolidated a bit and broke out, leaving single prints behind...
SPY price Analysis April 8th Comment down below for any questions!
Heavily informed by what I am expecting with NDX and SPX too. Basically $48k - $52k then $14k - $20k. Stat safe and remember to SURVIVE.
Slow grinding globex action leaves us with inventory 100% long today. What can we see today in RTH? On a bigger time frame we flushed down our inventory over 4620 and now we are almost back to the location of the break down on Jan 18. Question is did we really clean up all that trapped supply in such a short time, have no more supply for sale and clear to go up or...
ON Our level of 4420 worked well. We got over the level and could not get any upside which means we just sold all the inventory that we bought under 4400. It took a long time for people to realize they are trapped and start selling out which is what we are seeing now. We had a small bounce close to our 4355 level but had enough supply to break in it. Question...
Most people don't know this about me, (and 100% won't care) but I love astrology. The stars, the unknown, the mystery, all shrouded in darkness. I have questions and nobody has the answers. Probably part of the allure, I'd imagine. I also love Technical Analysis. I don't consider myself amazing by any stretch but I'd like to think I'm a level above...
Hello traders and investors! Let’s see how PLTR is doing today, do a complete Multi Time Frame Analysis (MTFA), and I'll share with you my bullish thesis on it. First, in the 1h chart, we see a strong bull trend, and PLTR is just doing higher highs/lows without a rest. The 21 ema is pointing up, and there’s nothing indicating that it’ll drop. Only if we lose...
Thesis: Covid brought tons of money printing and greatly reduced purchasing power of consumers. Many retail consumers became infatuated with high stock prices and started investing their Biden bucks and are now going to be left holding the bag. Consumer Price Index (CPI) has gone rampant this year much like right before the 2000 recession. Crypto markets turbo...
Elliot Waves - A Market Aesthetic An Emergent Feature of Equity Markets and Market Psychology Developed by Ralph Nelson Elliot in the 1930s, the Elliot wave principle became a tool for technical analysis used to chart and forecast financial market cycles by identifying extremes in investor psychology and other factors. The Elliot wave principle is a concept...
Moving Averages have long interested me. The idea of a dynamic support and resistance level with the ladder up and ladder down effect during new trends has been a fantastic thing to take notice of. That brings us to the 350 Daily Simple Moving Average because it is not something we come across all the time but rather only a few times here and there over the...
Dar_klords Daily Update Ticker: SPX Rating: Sell Short Driver 1: The white dotted lines on the chart represent the two current major levels of resistance. Both of which are supported by a double bottom. Driver 2: The pink line shows us another double top, also a bearish signal. Driver 3: The green line shows us a critical point in the True Strength...