Horizontal support along with uprising TL from Sep 20 together with AVWAP from the same period provide a critical area. On the other hand, there is a H&S with neckline around 42K area that if breaks down and proved valid (reach at least 3% below NL) gives a potential target around 15K-15.5K. Critical here, price is below POC in volume profile, currently in a...
Unless we have a shock again like Feb '20 of course...
US lagging so far and the question remains about how much taper is already priced in. Staying short European bonds working well for the last three months. We maybe approaching exhaustion area. Or the big crackdown breaking below 2020 lows as clearly big capital is leaving Europe $TLT, $IEF, $TNX
Gave us the short opportunity last time, hit resistance at 1 area for the rally and back down again. $SPY, $QQQ, $DIA
Extended the zones to date, added the triangle and the impulsive channel
Major MA's (10,20,50) are pinched below price turned upwards as well as VWAP (orange) Will need volume though to overcome supply zone above. Relative Strength line below is against SPY as I can't change it somehow to TOTAL or TOTAL2 in order to compare it to crypto markets liquidity.
long base. Perhaps has to unload and trap some latecomers first $URA
If break to the upside from here, our power bills will go up vertical. $UNG Commercials may still squeeze the funds, although they sold some 20K contracts since August. September and October are the most powerful seasonal months. Descending triangle Price Objective is roughly at 7.5 area Don't short it because is overextended without a confirmed PA reversal signal.
Volatility should rise if continue higher $SPX imposed $VIX, $NDX, $DJI
Maybe a reaction higher before continue lower. As long as staying below last month's low and weekly lower low sequence, it's in "sell rallies" mode $CL1!, $CL-F
C&H price objective is at 48 area $DDD
If bullish triangle, then looks like a move is missing to complete picture $TSLA
At the potential sell stocks signal area $SPY, $NDX, $DJIA
Nothing good is happening to stocks when its there. Take care $SPY, $NDX, $DJIA
Double bottom neck line a bit above $GDX, $GDXJ, $SIL, $SILJ, $GLD, $SLV
A clear rejection signal will give the go to short it big time $CL_F, $ERY