It has been just over one year since my last post on the S&P 500 (Oct 2022) and the index is up by around 19% since then. Not bad. (adding the link of my related post.) The weekly chart with the indicators and the pattern between the Fibonacci levels show that it's highly possible that the pattern will be completed and we'll be testing the all time high at 4818....
One year ago, almost everybody was wanting to buy AAPL at $180/share. Now, almost nobody wants to buy it at $130/share. What an interesting world we’re living in.
~$130 seems to be a demand zone for AAPLE which has worked before. Might turn into testing a double dip in this year long bear market. There’s a slight positive divergence on the daily rsi. This might...
Just like on the S&P weekly chart (that I've posted on Oct 13th - S&P is up by about 8% since then), the RSI indicator is showing us a positive divergence on the Nasdaq 100 weekly chart. Fibonacci levels also give us some idea about the movement of the candles. Combining these with the Stochastic, does this mean a shift in the market? Weekly charts take a longer...
After a long and back-breaking bearish period, we're seeing a positive divergence on the RSI for the weekly chart of the S&P 500. In addition, there is a bullish hammer candlestick this week. Might these indicators work and cause a market shift upwards? We'll see...
TSLA is driving up inside the channel. Seems to have a good setup. Financials are good. If it repeats the same pattern, by the end of the year, 30% incline is possible - as long as it stays over $900. But first, it has to break the $1243 resistance level . Fingers crossed. (Check out the weekly chart as well.)
AAPL has fallen under the ema50. Testing ema100. Might find support here and target a possible fibonacci 161 level? First we have to see what the Fed will decide on.
The formations and the indicators seem to work and we have seen a significant drop. I've posted that there was going to be a big drop (as in the Big Short) just a few days before the plunge. Maybe it was just luck. Though some people commented that it's not going to happen. I hope that the people who didn't agree with my lucky guess on my previous bitcoin post...
The Dow Jones is giving the signs of a drop on the weekly chart... Negative divergence for the RSI and already got too far from the weekly EMA 50. Hope will hold over the weekl EMA 50 and not dip further down.
