As long as this does not break through 12850, I am still bearish about it. Not adding new position, and waiting for a clear signal. Leaning more bearish side.
Got back to the earlier resistance level; would like to see NQ touches the earlier resistance again, and then finish the 3rd wave of falling.
If this week ends up positive, that would mean a 6 weeks consecutive rise. Never happened in dot com or 08, so I doubt that would happen nowadays. Very possibly for another round of falling, as the bond ceiling takes focus.
Pump and dump, typical ones. Shorting begins. Looking for an extension of falling
I am still bearish overall, but seems bullish in the short term(which I mean, 1 or 2 days?). Buying some but will short more once it moves up some extent.
While NQ broke out from the .618, I am seeing weakness coming. Heavy dumping volume happening (mostly light volume during the pump in January), and I remain bearish.
Once it triggers, you know what to do. Dumping incoming :D
Not a surprising rebound, but will watch for the extent. Looks more like a corrective wave, but not opening short until reached the macro .618 level. Opening some, but not very much.
Seems like a fall for me. The rebound was not logical at all so it has to be an extension I suppose. First stop @ 3300, but would like to see more falling.
As shown in the chart. We are seeing probably the biggest rebound after 2020. Not too optimistic about ZB.
A simple and clear trend line since 2022. Touched the resistance line generated from August and saw a dramatic pullback. Shorts shall remain patient.
First time that the calls exceed puts post covid. Congratulations! But what does that mean for the stock market? From my point of view, I do not think it's normal for calls to exceed puts, as even in the most bearish time - March 2020, the puts are always larger than calls. But this time the opposite. It's unfortunate as TradingView does not have the data from...
Good morning: I do trade a lot from trend analysis, but I think when it comes to REAL moves, you have to examine the fundamentals carefully. By which I mean the treasury yield. US02Y, US10Y, and US30Y are the major curves that I look at daily and there was a significant climb yesterday. As the Bank of Japan announced it would control the USDJPY forex, it also...
Good morning: I do trade a lot from trend analysis, but I think when it comes to REAL moves, you have to examine the fundamentals carefully. By which I mean the treasury yield. US02Y, US10Y, and US30Y are the major curves that I look at daily and there was a significant climb yesterday. As the Bank of Japan announced it would control the USDJPY forex, it also...
I decided to analyze the natural gas as the winter is coming soon, for Europe. I didn't use NYMEX:NG1! because as we all know the Europe relies heavily on Russian natural gas, which I think might be a better indicator for predicting the natural gas in Europe, especially in Germany. As I was researching, I have drew out some Elliot waves based on my personal...
I have rethought about trading VIX, and here are something that I noticed. One interest fact was its tendency to retreat back to its .786 level, no matter how much it gained at the first place. From January's to March's, I believe the current VIX is really similar to the move that happened in Feb 9th, with a resemblance on movements and retreat level. The VX...
Shopify has been trading in the graphed region for roughly a quarter. Strong resistance + Strong support. Recently it breaks the resistance but once again fell into this wedge region. Looks bearish in my opinion. I am aiming $30 at this moment, but if that doesn't hold I would like to see another corrective wave which sends it down even more/
Huge jump on USDJPY has happened in the year of 2021 and 2022. Mostly due to its loose monetary policy and still ultra-low interest rate. Although DXY remains strong, I DO BELIEVE that we would probably see some USDJPY downside incoming. From a political perspective, we see Abe's death recently which triggered some more JPY decline. But I do believe these...