SmartVest

SmartVest

the S&P 500 broke above resistance to be followed by a rising wedge. This is very bearish, and the stock will reverse in the opposite direction. A failed breakout turns into a swing in the opposite direction. Thanks.

SmartVest

The DXY index has a long term falling wedge. This is a continuation pattern, and DXY can result in the upside. Thanks.

SmartVest

Ge had a double top, in addition to a momentum divergence. This is obviously not a long term trend reversal, but could be a short term fall. Wait until the tock breaks below the neckline. Thanks, like and follow.

SmartVest

The S&P 500 has a megaphone pattern which is bearish and a reversal.

SmartVest

The S&P 500 has convergence and is moving in the opposite way of the RSI>

SmartVest

The DXY moves in opposite to the S&P 500. The US dollar could be at the bottom of the trend and reversing. The S&P 500 could also be at the end of its trend. Both of these could have a reversal.

SmartVest

This is a good pair trade where you buy one and short the other stock that is highly correlated. Ethereum and Bitcoin move similarly and are both at resistance. I think Ethereum has a better shot of breaking above it because it has a stronger Relative Strength Index. You can short Bitcoin and Buy Ethereum. This would be a good time to use this strategy. Thanks.

SmartVest

Boeing has beaten the market for the last few months. While the market was flat, Boeing has been going up. Boeing's RSI has also consistently been going up, which shows a lot of strength. One issue is that Boeing has a resistance level from a while ago. If it can pass the resistance level, then it will have a big gain. Thanks.

SmartVest

Ethereum has a long term and short term trend up. It is beating most of its competitors. The only one that is moving up like it is Bitcoin. However, Ethereum's RSI has been staying well above 30, and is strongly increasing. I would say that Ethereum is looking like it is the strongest out of the cryptos. Thanks.

SmartVest

Bitcoin has developed a rising megaphone, which is Bearish. Just like a rising wedge, the stock should break through support, and fall. Thanks.

SmartVest

Oil had a small uptrend and then was in a small rectangle pattern, which is consolidation. It has now broken above its channel and could keep going. This is because a rectangle pattern is a continuation of the prior trend, which was up.

SmartVest

Bitcoin has been doing the same pattern for the last few weeks. It has been taking a small pivot and then goes up. If you wait a day or two for it to take a pivot, that would be a good short term buy.

SmartVest

DXY had a bearish pennant pattern a few months past and then was followed by a drop. The stock then pivoted up, gained selling pressure, and then fell again. Now it is in a consolidated rectangle. The rectangle pattern is a continuation pattern. If the stock follows the pattern, it should break below.

SmartVest

ARCT has a multiple top, and is currently at resistance. Even if you want to trade it with a mean-reversion strategy, you could still wait until it goes down to a support level. I highlighted three support levels. If you are a momentum trader, you can wait until it goes down to support, and then short it, right before it breaks below. Thanks.

SmartVest

There is a triple top forming in the SPX, and this could be a reversal point. Thanks, like and follow.

SmartVest

S&P 500 mini futures has had a long uptrend, though the index is now in a consolidated channel. This could be a reversal.

SmartVest

GE had a false signal, and will not continue to go up yet. It will have to fall down to support level 1 or 2 to gain buying pressure. After this, the stock will either consolidate and continue to go in a channel, or breakout above resistance.

SmartVest

It looked like the gap GE had was not a breakaway gap, though now it is looking different. GE has a bullish engulfing pattern and an ADX of 46! This means it is extremely likely this trend will continue. Thanks, Like, and follow.