Alright, it's almost October. The U.S. elections are getting closer and things are still wild... simple play -> take advantage of the increase in volatility! Long. USD looks to be reversing... I expect a bit of consolidation but I expect a breakout that will pay well.
Not saying a specific number but right around those 200 day averages and down trend play. I'm taking /NQ to 10550/650 area, as well. Short.
The dollar has gotten some momentum pulling back markets. A confluence of moving averages and downtrend line and volume as resistance on SPX. 50 Day SMA/EMA is playing as resistance. Play the pattern.
..Posting to review next week's trading. Not included in S&P 500 and I suspect it's inclusion has been factored in already...thus a selloff is expected Tuesday.
Posting to watch chart back -- buybacks- Major support(45.50-46.50 range) -- Is till holding if market participates will likely run towards a gap fill. 53-56/57 Watching the previous gaps on both ends and the 50sma/ema & 200sma/ema on 1h through 1week.
Playing the patterns within patterns. Looking to re-enter calls on a pullback or a break of that first resistance.
Just a generic Daily chart to eye broader action. It's been a week and the price action has been less than interesting. Right now BTC's price is hanging around its 50-day averages. I'm looking to see if a prominent ascending triangle can form around that 7450 top. The bulls at least need to get a daily close at previous highs in that area or were seeing a failure...
A break is on the way. Major consolidation on low volume. The larger channel, First rising wedge broke... Symmetrical triangle and descending all stacked together. Let's see how it breaks and if it respects previous supports and resistance ranges.
Play the Triangle Break...Descending triangle-- and uptrend line support. I am more bearish leaning but whichever breakout comes first.
Excited to see open. News aside, on the lower timeframes it looked as if the Euro broke upward but lost steam at the previous close. The 50-day ema/SMA and 200-day moving averages are up above the triangle pattern and the higher resistance (daily and weekly up toward over 1.11 to 1.142 range. Look at previous downtrend line on weekly along with the Weekly 200 day...
The Daily chart to accompany the previous post of BTCUSD 1H time-frame. 'BTC broke down after failing to reclaim that 7400 area when we look at the hourly chart. It was a nice rising wedge break. 6750 area is holding as the current support range. On the Daily timeframe, the 50-day sma&ema is above resistance 7200's. Up over 7k with a wider run to 7600/7800...
BTC broke down after failing to reclaim that 7400 area when we look at the hourly chart. It was a nice rising wedge break. 6750 area is holding as the current support range. On the Daily timeframe, the 50-day sma&ema is above resistance 7200's. Up over 7k with a wider run to 7600/7800 will be a battleground for bulls & bears. A daily close around $7300 (or...
Watching to see if we break up to the previous double top, break up and surpass that to 266-269.. or 272+ And of course watching for any rejections. Either way. Short term neutral -- bearish bias over time. If cases/deaths continue to fall, then will adjust and only play small moves.
Posted to link to the Monthly SPY chart analysis.
Short Tops. Here are the Potential Tops if the 259-262 Monthly Area Holds at the close. Explanations of the above ranges, areas to take profit/scale-out and scale into shorts. As a starting point- some downside positions should begin now. "Healthy" consolidation and premium decreases on options. I expect us not only to re-test lows but to break below them. This...