The flash crash was not as bad as the last wipe based on volume. Upwards momentum is still good we are in BB upper range on the weekly. Daily momentum indicators are also crossing zero upwards. Recent bearish momentum is going to be dealt with in the 9925 - 10000 range then we will see if 10250 turns out to be unbreakable or not ... On macro level Gold is +1% in...
Daily hammer formation, long bullish weekly trend to continue
While the week had a strong bullish theme the second test of resistance has failed for now, also there is a notable risk theme divergence between currency and stock market strength - potential double top setup. Coronavirus, market sentiment, fundemental data release - see how the market digests. While AU exposure to Asian business is higher than the US and ASX...
If the triangle breaks above 7155 on volume: bullsih, otherwise it can break down to 6915 first then 6600 - 6800.
Price is below all Ichimoku indicators and below cloud. Money flow is negative on multiple timeframes D,W,M even the smoothed average is flat at best. Ichi is starting to turn bearish on the weekly as well, only looks trending on the monthly still. Wicks on the weekly with an inside candle is usually continuation. Dashed levels are from monthly ranges. First...
Compare some major asset classes (USD, Gold, Oil, S&P500, Nasdaq, Russel, 30Y Treasury yield, Commodities, and ... BTC) over the past 20 years. Scroll the graph to make the starting point on the left a different point in time.
GBP USD trend down, no position yet, looking for a return to the upper bound of the trend
Condensing triangle range ... looks to be preparing for a violent move outside of the bounds.
Channel broke, previous support turned resistance
channel broken + in the news www.thestreet.com
Not a great entry yet, but worth watching to enter at the bottom of the channel.
The move is mostly sideways for most of the month, but we have an unfilled gap + multiple tops forming with a recent inside day.
Tech business headlines are full of FB, AAPL, GOOG and TSLA but MSFT silently beats them all both in growth and actually paying dividend which none of the others do.