UPRIGHTTrading

UPRIGHTTrading Oct 5, 2022

Hi Traders - It's been a while since my last post and I figured I share this one with you guys. In the chart, I lay out the two most likely scenarios on each side of the trade. Personally, I believe there will be upward pressure here, because of the sheer amount of upside. However , we will have to see the overnight price action and pre-market before making an...

UPRIGHTTrading Updated  May 26, 2022

Hello Traders, I will get straight to the point today. It looks like a bit of a reversal, or is it a bear market relief rally? What I'm looking at: If price moves above around 408.80-409.5 and keeps momentum, watch out for a gap up around 412. This is likely a relief rally, and we are probably just reverting to back to the trend because we were QUITE a bit...

UPRIGHTTrading May 18, 2022

Hello Traders, -----------> (see picture below for better view) <---------- I just wanted to take a look with you on how Powell Appearances or Fed Minutes & Press conferences have affected price action. Above is a quick look at that and a very near-term prediction of SPY. Of course, Powell is a very well spoken man,...

UPRIGHTTrading May 5, 2022

Hello Traders, I've created the chart above to remind everyone @TradingView to practice smart risk management. Whether you follow a 1%, 2%, 7% rule... The odds show that you will run into a losing streak in your trading career. Whether you're able to bounce, or have greater Returns on your Wins than your Losses will determine your fate. Happy...

UPRIGHTTrading Apr 15, 2022

Good Afternoon Traders, I hope all of you are having a great holiday and were able to benefit from my previous predictions, which turned out to be pretty close to perfect. Today, I'd like to make another prediction. We're still in a Ranging Market. It looks like it will only last another few weeks, but who knows, really. I've created 2 new prediction range...

UPRIGHTTrading Updated  Mar 23, 2022

Good Evening Traders, I hope you're doing well today. I wanted to give a quick update and clarification. As you can see in the chart above I had created 2 boxes. These are ranges I believe we will continue to stay in until the price discovery is more certain and market decides whether we're in a Bear or a Bull Market. Now, it's rarely talked about, because a lot...

UPRIGHTTrading Updated  Mar 22, 2022

Hello Traders, I hope you all are doing well. I just wanted to shoot a quick update for anyone a little shaken by the market or confused as to what's going on. TLDR: Yes, there are still geopolitical concerns, but at the moment it's not important to the market, because we've already seen the response of the world and it has strengthened relations of NATO and...

UPRIGHTTrading Feb 28, 2022

Good Afternoon Traders, Looking back to previous technical analysis (from January), yet again, proved to be on-point. This is good news for technical traders. The Ukraine-Russia conflict is still trading on solid technical foundations. If you're a beginner in this realm, or would like to improve, try out the UPRIGHT Suite for assistance. See below (then). ...

UPRIGHTTrading Updated  Feb 28, 2022

Hello Traders - This will be an important day for technical traders. We need to see what happens with the price action around the 200ma before we can make a truly educated technical analysis, in my opinion. A lot of analysis, appear to be skipping ahead.. Unless they saw a pattern or are using more of a historical data technical analysis--are really just...

UPRIGHTTrading Updated  Feb 24, 2022

Hello Traders, I hope you all are doing well. Notice the Head & Shoulder pattern on the chart. Good for Shorts though. If this H&S plays out we could see a significant drop, up to 6-10% from current levels. However, if there is some throwback on Monday, we could see a much weaker pullback. As I mention in the chart: If 431.25-431.75 support holds,we could see...

UPRIGHTTrading Feb 1, 2022

Hello Traders, We've seen a pretty bullish start to the week. AAPL is what, 8pts from it's ATH's.. Pretty impressive numbers in that ER, but with the volatility we're seeing it's still a little surprising. I'm not going to say we're entirely out of the woods yet, but what I will say... The doom and gloom that blasted the frontpage everywhere was quite a bit...

UPRIGHTTrading Jan 26, 2022

Hello Traders - After the last few trading sessions you're probably almost convinced that the sky is going to fall out, that geopolitics are an issue right this moment, and that we're headed for a crash. I'd like to let you in on a little secret... When everyone thinks there will be a crash, there isn't one. Now don't get me wrong, we did just have a solid...

UPRIGHTTrading Jan 21, 2022

Hello Traders, Every once in awhile there are times where I think every trader might want to take a step back and look at the macro-environment, even the technical traders. Historically, midterm years do often have pullbacks - they usually have their affects later in the year; however, we're seeing that midterms are relevant now. Within this macro-environment....

UPRIGHTTrading Updated  Jan 13, 2022

Hello Traders, It's been awhile since I've shared with the class, so I figured I'd give a little Christmas treat. In Dec., SPY has been extremely predictable so far. Those trendlines (the 2 red and 2 long green and blue), those were drawn around the 6th. As you can see, the PA has been very true to the trend. Now, this is where it gets a little more exciting....

UPRIGHTTrading Updated  Jan 10, 2022

Hello Traders, I notice the potential gap-up back at around Nov 20th, and it looks like the volume finally started coming in. I know it's not a flashy name, but if Ford can break above 21.45ish, we could see a significant additional run. About 3 more points. Good luck. Cheers, Mike

UPRIGHTTrading Dec 6, 2021

Hello Traders, This is a follow up on my last post. Some traders have never heard of the term Head & Shoulders Bottom, it's a small technicality, so I will be more clear. Looks like we have confirmation. So we could have some throwback, but ultimately the direction is up. You may see more shorts jump in angrily, but that's how it is. Unfortunately, there are...

UPRIGHTTrading Updated  Dec 6, 2021

Hello Traders, I hope your morning is going well. It looks like we have a H&S bottom on the 1hr. What does this mean? It means we're looking at a reversal. The last session showed as a soft (non-definitive) bottom on my indicators, but once we have confirmation of the H&S which we are close. This would move the probability a whole lot higher. Good luck. Cheers, Mike

UPRIGHTTrading Nov 16, 2021

Hello Traders, If you missed the big move, don't fret, it looks like there's plenty more upside from here. As you can see, the price action tells a pretty clear story. ABNB is a BUY. Let's analyze the chart. ABNB gaps up after the stronger than expected earning report, moving far above the September resistance that had it in a channel. Once it makes it's move...