Auguraltrader

Auguraltrader Updated 

watch the rest of the week. The USD is likely to slide down further based on the MACD; but VolDiv suggests that it is not likely to be a drastic off the cliff type. A revisit to the last low is very probable (small yellow ellipse) as it broke down the TDST (red dotted line) and should continue to remain below. If it closes the week below the TDST, USD is in a...

Auguraltrader

Based on Crude's weekly chart, it clearly lost the bullish plot (posted 1st May, see linked post). As of the current Crude futures price action, a few preliminary observations can be recorded... 1. A lower low is recorded, and this aligns with the weekly technical outlook of a more bearish close to the weeks ahead; 2. Yesterday closing at 68.52 broke down all...

Auguraltrader Updated 

It appears that Crude lost the bullishness. Initially in March, Crude broke up into the range, and expected bullishness to breakout on the other side, which gave much upside. This was followed by a marubozu and then a gap up. Thing is, it met resistance and failed. Breaking back down and now almost closing the gap. Once the gap is closed, looking for 66-70 for a...

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Just want to show the projected path... looking for the next breakout

Auguraltrader

Time has come for a crypto pullback Here with the ETHUSD weekly chart, it shows... 1. Lower high done, failing resistance level, and looking for lower low now 2. VolDiv bearish divergence (red arrow) as well as VolDiv crossing down (red circle below) 3. MACD weakening and Signal crossing down into bear territory 4. Pattern recognition projects 1600 downside target

Auguraltrader

Heads up previously, had already mentioned previously, there was bullishness in Gold, but not enough and it was way too stretched to be at the top of the (constipation) range. The weeks went by and few things are very clear here: 1. There is a third lower high (not bullish) 2. Gold is breaking back into the range (really not bullish) 3. The MACD is weakening, the...

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From the combined weekly chart, it appears that the indices are bullish and on the way up. 1. Tested, bounced off and broke above the Fake Out Lines; 2. Last week's candle is obviously bullish with momentum 3. MACD and VolDiv are both supportive of bullish upside 4. TD Sequential primary trend is bearish, but the current setup appears to aim for a completion over...

Auguraltrader Updated 

Watching the VXX, the VIX ETN, can be quite interesting. It has its own idiosyncrasies, but over the VIX index, this ETN has volume data and charts better than the index on patterns, break outs and break downs. It appears that there has been a bullish divergence of the technical indicators particularly the VolDiv, and less so on the MACD. Nonetheless, it is...

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The target has been readjusted for time. The week closed above the two fake out lines, which now become critical supports. Technical Indicators, MACD and VolDiv, are bullish. Bull on, Risk on!

Auguraltrader Updated 

NASDAQ led the current bullish rally. NASDAQ appears to be leading the bearish divergence in this stall aka consolidation. Despite yesterday's candle appearing somewhat bullish with a long lower tail, there is a clear and present bearish divergence in BOTH the MACD and VolDiv; and both crossed under their lagging MA lines respectively. The Orange box is the...

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The daily chart shows greater details as to why a shallow retracement of sorts is expected. The Gap occurred after the Sell Setup completed. This becomes an overextension. The overextension is now a collection of 4 dojis of indecision. This tells that it is not a Gap and Run scenario, and leaves the Gap and close to be more likely. The technical indicators MACD...

Auguraltrader

Jsut reviewing Crude, especially in light of the recent major gap up last week after OPEC decided to cut output... Orientate to the weekly chart shows the TD Setup displayed and the Sell Setup (green box early 2022) and Buy Setup (red box mid 2022). These set the TDST, and the support is at 66.12, being the lowest point of the Sell Setup. Noted that the Buy Setup...

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Just a quick note that FTM is now looking like a possible breakout for the next couple of weeks/months. After an extended consolidation period, it had worked its way into a long term range and is probably in a squeeze of sorts. It is likeable that the MACD is rising, and better yet, the VolDiv is increasing so much more. So, if this is correct... the second bull...

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In part 2, we look at the longer term ETHUSD weekly chart... Here, what is really nice is that there is clearly a breakout of a previous resistance. This also means that we can expect a potential retest of that level; which happens to be above the expected downside target. The technical indicators MACD and VolDiv are actually indicating bullishness! Have to...

Auguraltrader

ETHUSD has not been looked at for a while and Ipicked it up just for a quick look. Previously expected retracement came a little later than expected but it did. And then it was followed by a quick upside. So, taking the magnitudes of the upside and the downside, it appears that the recent upside had a similar magnitude to the previous. And keeping in line with...

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Time for yet another update in this uncanny inverse relationship between the SG10Y Government Bonds and the S&P500 Index ETF, SPY... Recall that the SG10Y GBond yields are in apparent inverse correlation to the SPY. When there is a trendline breakdown on the yields, the SPY is bullish; and when there is a trendline breakout, the SPY is bearish. So far, it can be...

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From the portfolio selection on 5 April 2023... XLK has broken out and moved; GDX just broke out; EWS (Singapore ETF) is just breaking out; XLE (Energy) just rebounded to find its footing back in the channel. INDY or GXC or ILF maybe next?

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Just noted that the VXX (the VIX ETN) is showing a bullish divergence in both the MACD and the VolDiv as it returns to the consolidation zone and bounces near the support. Breaking out above 46 and then 47 should trigger another bout of volatility... question is IF 58 will be a good resistance or is it to break beyond that level the next round? IMHO, expecting a...