mberoakoko

mberoakoko Updated 

This is a weekly chart, we are approaching the lowest low. If this stock tanks, I will try to observe whether my hypothesis are in order. Namely if this stock tanks , other bank stocks might follow suit. I am neutral until I see the interaction with the low.

mberoakoko

Well , we broke the highs in this pair. This shows that investors still think that the dip was as its called , a dip. I will be watching the first zone demarcated by the rectangle. That's the floor and should hold, if not , We are in for a rough ride.

mberoakoko Updated 

We are still in a pullback area in the SPX , and we are very close to lows . That prompted me to investigate what are people doing , are people long or bearish the SPX. With further investigation, This ratio shows that a sector rotation out of Staples into energy is not underway , far from it. I hence think that the lows in the SPX are going to hold.

mberoakoko Updated 

Decided to take a look at Crypto markets, Price is at a nexus , The lows or the highs it takes out will determine both short term and longterm future momentum

mberoakoko

Here we can see a very scary drop off a cliff. Bears are clearly in control of this market. The industry XLK is not looking great on the short term. I am bearish Facebook but I'd be wary of those lows , lets see what price does there. ZOOM or SUPPORT

mberoakoko

Here we broke through the lows, that confirmed that this sector is weak. So here is a simple setup. I want in if and only if we have a lower low , immediately XLP makes higher highs , I would be wrong.

mberoakoko

Facebook has been in the limelight for tanking cause of the news , but this chart shows that the tech sector has been tanking for a while now, will it continue I don't know but my outlook is bearish until price breaks through 68.37 in XLK

mberoakoko Updated 

Normally movement in the price of oil leads a move in the price of the 10 year note. The blue line is USOIL and it showed me a change in behavior that I couldn't trade. So I looked for shorts in the notes after It made a high . I am now expecting lower highs given how investors are long SPX after the dip

mberoakoko Updated 

Oil is gaining and gaining fast, At the moment we have had a breakthrough now as any trader would want to see is followthrough . I was bearish, with a short in the US02Y but now that view is being tested. I want to see more from this market, In the meantime , this warrants a look at CADJPY , and USDCAD cause of the correlations.

mberoakoko

So with a strengthening oil , why are we having a downtrend , the markets have not yet decided thus I will wait to see , where the markets will move , then I will take a position based on that .