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The Dow Jones Industrial Average remains a critical barometer of the U.S. stock market, closely watched by investors and analysts alike. I don't trade DJI but I look at it from time to time. I continue my exploration of recent predictions and movements in the Dow Jones, with a focus on developments following the previous forecast made on April 25th, 2023. Recap...

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Tesla, the renowned electric vehicle manufacturer, has experienced various phases in its market cycles, including a significant capitulation bottom. By examining the chart, it becomes apparent that volume played a crucial role in identifying key turning points and understanding market dynamics. I'd like to explore Tesla's capitulation bottom, the importance of...

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Bitcoin has been displaying remarkable strength alongside other financial markets. However, I anticipate that this trend will soon come to an abrupt end. As the quarter concludes today, it is likely that we will witness significant developments in early July. While July has historically been a bullish month, the current robust performance of both the stock market...

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As a trader, I've always been fascinated by market indexes and the insights they provide. The Dow Jones Industrial Average (DJIA), affectionately known as the "Dow" or "Dow Jones" by some, is undoubtedly one of the most closely watched indexes. It consists of 30 large, publicly traded companies based in the United States, making it a useful barometer for the...

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In this idea, I will provide an analysis of Tesla's stock using simple language and concepts. I'll focus on Tesla's historical consolidation phases, recent performance, and the technical factors that suggest potential resistance and a possible downside move. Tesla's Consolidation Phases Tesla has experienced two significant consolidation phases in its history....

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As the world of technology continues to evolve at a rapid pace, few companies have captured the attention and imagination of investors quite like NVIDIA Corporation. Known for its groundbreaking innovations in the field of artificial intelligence (AI) and graphics processing, NVDA has experienced an impressive bullish run, leading to questions about its long-term...

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On March 28, merely three days ago, I highlighted the inverted head and shoulders pattern observed in AAPL's stock price. In this particular case, the pattern indicated a bullish continuation. I discussed the support and resistance flip that transpired at the $156 mark. At that time, AAPL was trading just below $156.50, and I projected a bounce to $166, provided...

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Rivian, the EV manufacturer, has experienced a substantial decline in its share price since IPO. However, despite the challenging market conditions, there are indications of a potential reversal in the form of an inverted head and shoulders chart pattern. In this article, we will examine the current state of Rivian's stock and discuss the considerations for...

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Bitcoin, the king of crypto, has experienced its first monthly decline in 2023, signaling a change in market sentiment. In this article, we will explore the factors that have led to this decline and discuss potential future scenarios for Bitcoin's price. Let's dive into the details! Bitcoin's Recent Performance Throughout the year, Bitcoin has shown bullish...

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I was pointed to this inverted head and shoulders last night and it's almost too perfect. You can look at the structure and the neckline (slightly declining) and it's perfect. Well, we just kinda broke out yesterday. Chances are you can get a better entry from here if this is what you want to play. It may (and probably will) chop back under this important...

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In this article, I will dive into the price action analysis of NVIDIA (NVDA) and explore its recent movements, highlighting key milestones, and providing insights into potential future developments. NVDA has been a subject of considerable interest among traders and investors due to its impressive performance and the formation of significant patterns. I will...

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I'd like to dive into the recent price movements of Bitcoin, focusing on its encounters with critical resistance levels, and explore the implications of a series of lower highs and lower lows. While facing a corrective phase, Bitcoin continues to present opportunities for cautious optimism. I will examine the significance of the descending channel, discuss the...

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As an avid observer of Apple's stock performance, I've been closely monitoring its recent trajectory amidst the ongoing battle between investors and short-sellers. In this article, I will share my insights on the stock's current situation and provide a target range of $173-$175, with a potential extension near $178. However, it's crucial to exercise caution, as...

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Bitcoin has been under significant pressure since its all-time high in November 2021, trading within a downtrend channel and facing major resistance levels. As we approach a pivotal moment, Bitcoin's future price trajectory is becoming increasingly uncertain. This update will provide an overview of the current technical analysis, discussing the potential outcomes...

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Apple Inc. (AAPL) has been a major player in the technology industry for decades. With its innovative products and constant growth, it has consistently attracted investors looking to gain from its success. In this update, I'll dive into the recent breakout of Apple's stock from its previous channel, the potential for further growth, and the need for caution in the...

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Selling covered calls is a popular and relatively conservative option trading strategy. This guide will walk you through the process of selling covered calls, using a real-life example with FRC stock, to help you understand how it works and how you can profit from it. Step 1: Buy the underlying shares First, you need to own the underlying stock. In this...

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Hey everyone, I wanted to give you all a technical update on the S&P 500 (SPX) as it's been moving sideways for a few weeks now, and it seems like it's not done yet. With a lot of options expiring today, we might see some volatility soon, but let's consider what the majority is currently thinking. According to the American Association of Individual Investors...

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As a trader, keeping an eye on market trends and understanding how to interpret them is crucial to making informed decisions. In this article, I'll explore the price movements of the S&P 500 (SPX) futures since the beginning of February 2023. Whether you're a beginner or an intermediate trader, this analysis will provide insights into the market's behavior and...