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Trendfollowing

SPY 52 WEEK LOW INCOMING?With the fed set to continue raising rates through 2022 I do not see a bottom in sight. Presented above I map out the two most possible scenarios in my opinion. The December fed meeting is the most important meeting coming post midterms. The November meeting this week will answer a few short term questions but the real question is do we begin slowing in December? If I had to answer the question above today the answer would be no! Based off the data we have received this month inflation is not slowing and unemployment is still low. The dollar has began to cool off, bonds & equities are getting some relief which provides more liquidity to the downside. The next week may become volatile or even a bit ranged bound as we wait on new data but I believe the end story is all the same. Spy breaking above the bear trend and 200ma invalidates my thesis. Fed rate slow also invalidates my thesis.
AMEX:SPYShort
by Ericc100k
3
META: Incredibly BEARISH!• META is still in a very strong bear trend, doing lower highs/lows in the short and mid-term; • So far, there’s not a single bullish sign of structure that could help META. Although there’s no perspective of a reversal, we must keep some key points in mind; • First, is the $96.37, the black seen in the 1H and D charts above. If, by any means, META reacts and closes above this point, it might indicate some exhaustion; • META could bounce to its 21 ema again, and this wouldn’t harm the bear trend at all, but this movement would have a high amplitude, as the 21 ema is very far from the price - so be careful; • Either way, the 21 ema in the 1h chart is going down as well, which might reinforce the resistance area around $96 in a couple of days; • As long as META maintains the pattern of lower highs/lows, below the 21 ema, below the previous resistances, the bear trend will just persist; Remember to follow me to keep in touch with my analyses!
NASDAQ:META
by Nathan_The_Finance_Hydra
Dow Jones Breaks Out!The Dow Jones is leading the way for the three US indices by being the first to recently break and close above the daily 200 simple moving average. There was a previous break and close above the 200 simple moving average back in August this year but this proved to be a fake breakout. Only to see price decline by 16%. This recent move up has been more impulsive than the previous move. The buyers look more in control, but we need further confirmation before we begin to take long positions again. We ideally want to see a pattern of higher highs, and higher lows, as this will indicate a change in behaviour for this asset. If the S&P and the Nasdaq follow suit and show signs of bullishness, this will further confirm strength in the market, and a long-term bullish trend will likely unfold. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:DJI
by Sublime_Trading
6
The Bitcoin Breakdown of the downtrend. A NEW BULLRUN?The BTC price have been in a downtrend since its peak, early November 2021 at a price high shy of $70,000 US Dollars. Since, price had decreased 50% plus to a local bottom around $33,000 US Dollars, Late January 2022. Followed by a relief rally with a peak around $48,000 US Dollars, Late March. For then continue its downtrend to the support area around the $18,000 US Dollars (that just around the price peak of late 2017). Recently, this month the price made a break of the downtrend channel form by this price peaks/bottoms since November 2021. This break can be observe around the price of $19,300 US Dollars.
BITFINEX:BTCUSDLong
by sosacur01
USDJPY Up 18%The USDJPY is now up 18% since breaking out from the major resistance at 125.85 from the June 2015 high. In the recent post for the USDJPY, price was up 11%, so it has seen good growth since then. The move is no surprise as price broke out from long-term consolidation, lasting almost 7 years. Following this strong current move, we can expect another period of long-term consolidation. This is why we want to catch the big moves as they happen. Price is now approaching the 150 round number which is a psychological level of resistance. We may see price hesitate around this level. Whether price will break beyond 150 or reverse will be down to who comes out on top, the buyers or the sellers. We have multiple positions in this forex pair. We are now managing our positions and will compound if and when the time is right. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
4
S&P 500 On Safe Grounds?The S&P 500 is at a major point because it is currently being held up by the 200 simple moving average, which, if it fails as support, could see price freefall forming a bear market. Back in March 2020, price breached the 200 simple moving average, but its time below this indicator was short-lived as we saw a quick return back above the 200 smiple moving average. This is why we don’t want to enter short positions as soon as price moves below the 200 simple moving average. Instead, we wait for confirmation of lower highs and lower lows on the daily timeframe to avoid getting caught up in a fake breakout. Last week’s candle on the weekly timeframe shows a long wick below the candle. The sellers attempted to force price further down, but the buyers took control and were able to keep price at support. We now want to see the buyers give price the momentum it needs to bounce from support and resume the uptrend. As this is a major level of support, if price breaks down and forms a bearish trend, we will start looking for shorting opportunities. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
Dollar ShortAs noted last week I'm watching the dollar for the short position trade, I'm going to put on an entry here off the daily. Quarterly: - 10 year down trend turning into a flat market. Monthly: - Basically a year and a half of straight down with no healthy correction to speak of. - 500 pips from 2 year average. Weekly: - 3 pushes overshooting the original trend. Most recent swing has stepped up back into the range. Daily: - Notice the parallel channel drawn off the most recent lower lows of this action. - Notice the failed breakout of the top side resulting in the most recent lower low followed by a step up. - Momentum swings on the most recent price action worth noting. - Notice how the top Keltner channel is well outside of the the top price trend line but well within the bottom? I suspect we might be at the turning point here.
Long
by Chad_McDeid
AUDJPY Potential Selling Opportunity!Hello Traders, In this week's trading session we will be monitoring AUDJPY for a Selling opportunity in and around 93.5 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers! - RISK DISCLOSURE TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
Short
by BiggainLTD