KingTrading999

KingTrading999

SPY is in pink, PCC is in yellow and candles show S5TW (Percentage of S&P 500 stocks trading above their 20 SMA) on this weekly chart. You will notice after a significant drop of over 5% on S&P 500, once S5TW start getting below 20%, a reversal isn't that far away. Relief rally rips can be dramatic, so it really isn't the time to get bearish. Need to put that bull...

KingTrading999

Once this breaks below the double top neckline, bears will be pushing this down, below the neckline EVERYONE has been talking about, but the true test will be when it retests the neckline, as resistance. If it fails, then this double top has an 18% drop ahead, but nothing would be better than ripping it higher as bears become net buyers in a short squeeze that may...

KingTrading999

This 5th wave isn't feeling impulsive at all and if anything is indicating bearish RSI divergence. For these reasons, I feel that wave 5 is in what we call an ENDING DIAGONAL. Ending diagonals are really tricky to trade, as they have a series of overlapping movements. Price struggles to move higher, indicating exhaustion. Will still get a move to the 630 to 670...

KingTrading999

So typically for equities I use the one hour, but when it comes to crypto being that a trading day is 4x a typical day for equities, I use the 4 hour. The one thing about my momentum indicator, is that forward testing has indicated that the longer a trade survives, the more likely it is to win! This one looks like we have a double bottom in the works as it...

KingTrading999

I guess what I love about this one is the fact that right now MSFT isn't exactly getting all that much love, and this sleeper has room to run if it can get above it's 200 day SMA! This one has been open for a couple days and if we can get a VIX crush Friday tomorrow it may just be getting started! The signal was created by the King Trading Momentum Strategy...

KingTrading999

Typically I share the signals of my King Trading Momentum Strategy, which combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even a little thing called Beta! But this time it is all about technical analysis. On SPY I originally thought we truncated wave 5 but now that we...

KingTrading999

ADBE after hitting take-profit, sold off during first hour of day and got stopped, only to reverse. Typically when trades start to win, they continue doing so, which is why I went long when the signal fired earlier. The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating...

KingTrading999

This one has a double bottom look, with a higher low, and another 4% remaining to hit take profit enroute to retesting the neckline before breaking out (another 8% from here) or balance and fail! Stop loss of 5% is pretty steep, so typically I either lower my position size or stop loss. Even at 4% stop loss, according to backtest results this wins more than it...

KingTrading999

ARKK has been trading within a channel and finally appears like maybe it's time to breakout? When ARKF and ARKW signaled earlier in the day, figured it was only a matter of time when this one would go! With Fed tomorrow this on is a tricky trade and if anything this bear flag appears it retraced to the golden pocket on dropping volume. However, this one is my...

KingTrading999

PLTR just signaled on the hour utilizing the King Trading Momentum Strategy. This one from a technical standpoint, looks like an inverse head and shoulders and as much as MM's keep trying to sell it, it keeps bouncing back. A full measure move takes this one back to the neckline where it can balance and fail or breakout. This aligns well with the take-profit of 6%...

KingTrading999

This one just fired and vacation stocks likely don't care about semi-conductors. Who knows, maybe they even benefit from cheaper AI on a laptop computer! This bull flag if it breaks out has a 7% profit target based on Fib Extension, with the algo backtest saying 5% take-profit and a 3.5% stop loss. If it hits 5%, I will go ahead and protect by selling half and...

KingTrading999

With news of DeepSeek overnight hitting semi-conductors, is there all of a sudden less need for power? Well if there is then the first place I typically go is ERY. This ETF trades as a Bear 2x leveraged ETF to XLE. This means that for every penny XLE goes down, ERY goes up two pennies... Developing situation here so will watch this one closely!

KingTrading999

On Thursday afternoon, the King Trading Momentum Strategy triggered alongside eleven other alerts, followed by five more on Friday. This flurry of signals doesn’t exactly indicate a “bearish” sentiment, but as always, the market has its unpredictable ways! With markets approaching all-time highs, I’ve been cautious, limiting my positions to just a few with low...

KingTrading999

On Thursday afternoon, the King Trading Momentum Strategy signaled alongside eleven other alerts that day, followed by five more on Friday. This activity doesn’t exactly scream “bearish” to me, but the market has a way of keeping you on your toes! With markets once again approaching all-time highs, I’ve been treading cautiously. My positions have been limited to...

KingTrading999

Recently SHOP has retraced and held the 50% Fib level and has been trading within a channel where it is about at the mid point of it. The King Trading Momentum Strategy yesterday issued a buy signal. This strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes. It has been...