TradersForecast

TradersForecast Updated 

My previous TSLA idea (see related ideas) was bearish and TSLA went down ~16% (over 20% based on yesterday's close, I expected market to be up today, see related SPY idea). My TSLA idea before that (again, see related ideas) was bullish and TSLA went up 54%. Now TSLA looks bullish again based on pitchfork analysis, particularly on weekly chart.

TradersForecast Updated 

Based on pitchfork analysis it looks like TSLA has run it's course and it's ready to fall. This looks to be the case both on daily and weekly charts. See my previous ideas on TSLA which consistently predicted its course.

TradersForecast

META reached the middle red pitchfork line while the RSI is overbought and in divergence with the price. This indicates a bearish setup.

TradersForecast

SPY reached double pitchfork resistance levels (2 different pitchfork lines intersecting close to the point where price reached), both on daily and weekly. RSI on weekly also reached a pitchfork resistance line. This gives a good probability that SPY will take a down turn soon.

TradersForecast Updated 

SPY has been staying for too long at the level of the red line on the weekly chart (and slightly went over it) and didn't bounce down from it. On the other hand, the green line seems to provide a better support. Therefore, I expect SPY to break through on the upside.

TradersForecast Updated 

On weekly chart the price (almost) reached both the solid blue top pitchfork line and the middle orange pitchfork lines. Additionally, weekly RSI reached the dotted green resistance trendline. These are all bearish signs. On daily chart, RSI has a bearish head-and-shoulders pattern and there is also a divergence between RSI (with purple trendline pointing...

TradersForecast Updated 

SPY, on weekly chart (and, to some extent, on daily chart as well) has been having difficulties crossing the marked upper pitchfork line which makes it likely that SPY will fall. The monthly/long term outlook remains bullish though.

TradersForecast Updated 

Tesla RSI reached previous bottoms both on daily and weekly charts (on weekly both for the RSI and it's MA, the yellow line). Further, on the daily chart, the tops of the RSI are trending up and bottoms of the RSI's MA are trending up (both in a divergence with the price). These are all indications that a reversal is about to happen and, given the convergence of...

TradersForecast Updated 

SPY weekly reached pitchfork resistance levels and it's RSI as well. While a breakthrough on the upside is possible I find it more likely that SPY will fall.

TradersForecast

SPY reached a support pitchfork line, if it doesn't bounce back soon, it may fall to the next support line around 370.

TradersForecast

Two pitchfork lines (one with dashed lines and one with sold lines) neatly matched their bottom lines. The price (approximately) reached that level 5 times. Further, the solid's middle red line matches pretty well the dashed pitchfork top lines. All these makes for a more confident prediction(s). The first is that the price will reach above 14 (the top dashed...

TradersForecast Updated 

After reaching the higher pitchfork line (blue arrow) SPY went back to the same pitchfork line as earlier (red oval)--see related ideas and my notes there. At this point I expect it to go back up again. If that doesn't happen in a short time (1-2 weekly bars) SPY may fall more. If it does, which I expect, the it will likely break through the earlier resistance...

TradersForecast Updated 

Both on weekly and monthly chart SPY reached a couple of pitchfork lines (in both cases a bottom one and a middle one) and is likely to bounce back up.

TradersForecast Updated 

This builds on my previous pitchfork analysis (see related idea which pointed to June 17th as the point of reversal and the start of the longer term bullish cycle). While that still stands strong, this is a smaller term analysis. SPY reached the intersection of 2 upper pitchfork lines (well, one bar off the intersection) after which it fell. Now it reached lower...

TradersForecast Updated 

SPY reached the middle (red) of the pitchfork line which is a likely point of bounce (and it already bounced off a bit from the line). On the higher end SPY reached the same width of the pitchfork channel (a little over). The red circles show the top and the bottom.

TradersForecast

XLK reached pitchfork support line and is expected to start going up (the market as well for that matter, as other symbols such as TQQQ show this).

TradersForecast

NVDA went up to the middle of the pitchfork (red line) and then fell to the bottom line where it's expected to bounce back (which already started today).

TradersForecast Updated 

SPY reached the lower pitchfork line (set to Fibonacci level 1.5) a few bars ago and it's likely to bunce back up.