Consistent_Trades

Consistent_Trades

XLF is in a huge rising wedge from a bearish point of view and in an inverted Head and shoulder pattern from a bullish point of view. Unfortunately for one side, this will move very fast and strong on one side. The information from this chart indicates it will be down, or to say on the proper way there is more chance to drop than to go up from here (this is a game...

Consistent_Trades

The dollar after it was in a falling wedge and break out of it, found resistance at 50 days MA and the trend line which was formed in the summer of 2021. Now it is resting below that resistance and preparing for a massive bull move. The fact it didn't get rejected hard and continued to drop indicates a bull breakout will occur. If it breaks it would be a nice and...

Consistent_Trades

IWM after it was rising up and hitting overbought territory there was a chance for small caps to have a beautiful bull pullback. But then yesterday, instead of a small candle on a small volume, after a small gap up, it start to drop and drop and didn't finish till market close. With it, IWM breaks a major support line from its channel and found its first support...

Consistent_Trades

QQQ break down from the lower channel line and if we would not have a sell signal till now, now would be for sure. After the exhaustion gap up, QQQ hit its head into resistance from Sep 2022 and could not move further. Now it's formed smaller lower high and lower low, signaling a shift in direction. With filling the exhaustion gap we could see a small bounce but...

Consistent_Trades

DJIA on daily we have been waiting for some time for a breakout of this triangle and yesterday it occur. At the beginning of the trading session, DJIA gapped up and retail traders tried to break it up but big boys enter that straight and start to sell, and the price drop right away and keep dropping until the end of the day. Now it is very likely DJIA will...

Consistent_Trades

EURUSD after breaking out of the rising wedge, EURUSD found support at the 50 days MA. 50 days MA is very important for institutional traders and they pretty often defend price on this level as everything below is dangerous for them to be long in it. It was overextended to the downside as it was far away from 8 days MA. Volume did confirm price action as it was...

Consistent_Trades

Gold did drop hard from the rising wedge, a very powerful bearish tradeable pattern. Now it's found support and started with forming a possible bear pullback which if formed could bring GLD back to the BigRed which is around 166$. Because of that huge drop on huge volume, it is very hard to say this is a healthy correction, rather than a new leg down. Like it...

Consistent_Trades

SPY breaks down from its channel and it's likely it going down to retest 20 days MA and old trend line which was broken two weeks ago, blue dotted one. Several indicators indicate this leg up is over and it's ready for a drop. On the 2nd of Feb SPY formed an exhaustion gap which is usually a sign o the end of the cycle and is the capitulation phase. Furthermore,...

Consistent_Trades

TLT is in a symmetrical triangle and formed triple top just below 200 days MA or as we call it BigRed. TLT or 20 years bond is losing momentum, especially after job reports on Friday which is an indication of still hotter inflation or better say probably an increase in the FED fund rate in near future. It moves from the bottom really nicely on speculation that...

Consistent_Trades

AMZN had a nice and strong drop just as it was analyzed in the last report and in our Hot stock pick report. AMZN is still in a huge falling wedge which is a bullish pattern when and if breaking the upper trend line, however last time it touches that trend line it was rejected with a "hammer". Price had a healthy correction to 0.5 FIB, and at the same time, it...

Consistent_Trades

JPM is in a rising wedge which if broken is very bearish. Blue dotted lines represent ex-trend lines and I put them here so you can see how the trajectory of rising is slower and slower (weaker and weaker) and eventually will reverse completely and will start falling. At this stage, JPM is ready for topping or is already done and is prepared for the major drop...

Consistent_Trades

Bitcoin weekly after a breakout of the falling wedge, which is a bullish pattern, the price climbed to the resistance level which we mentioned in the last weekly report which you can see in the link below. The issue is most of the volume on this powerful breakout was short covering and short squeeze, not the real buy-and-hold volume. At the moment weekly volume is...

Consistent_Trades

DXY daily yesterday finished above 50 days MA and more important above the trend line which was mentioned in the last few reports, the trendline which was formed in summer 2021. If the dollar continues its move and doesn't get rejected from this level, it would represent extreme power for the dollar as a drop below that trend line would count only as a fake out/...

Consistent_Trades

QQQ after the major pump, and breaking out of the channel returned here and formed doji, as same as the whole market is not sure what is going on after Friday's data. Will this be a healthy bull pull back or this madness move after the bad financial report was just a pure bear's capitulation and we are ready for a new leg down, time will tell. With a sell signal...

Consistent_Trades

DJIA daily is still in its symmetrical triangle and just can't move up or down from it. 8, 20, and 50 days MA are coiling on the same levels and will produce a major move in the one direction. Breakout or down should be strong and fast. It is very close to the end of the triangle but it seems it is more bearish than bullish. Just the fact it can't move away from...

Consistent_Trades

SPY gapped down in the morning and the whole day and wasn't able to decide where it want to go. The market is in mess at the moment and for that mess is Powel guilty as he wasn't direct last week. Are we saved or we are in huge trouble? He has to choose a side today otherwise the market will stay in chaos without direction. Price did find support at the 8 days MA...

Consistent_Trades

THE CONSISTENT TRADES analyze CMCSA as a bearish /weak fundamental stock and therefore would be traded only in a short position. CMCSA is in a rising wedge pattern which break could be bearish and fast. It enters into resistance from gapping down and fills most of that gap. If rejection continues and the price fall below the trend line, the short opportunity...

Consistent_Trades

THE CONSISTENT TRADES analyze ANF as a bearish/weak fundamental stock and therefore would be traded only in a short position. ANF daily is in a rising wedge pattern which after the breakout is very bearish. On Friday it shot up but got rejected from the trendline and formed a shooting star reversal pattern. Volume does not confirm this price action which is...