Friday's close was below the low of Thursday. This is a conditional change. Price has also just broken the monthly PP. Both facts point to a lower downside target shown on the chart. On Balance Volume is weak - larger traders are reducing their long positions.
Possibly a top is in for the market looking at the SPY. It has hit quarterly pivot and OBV is decreasing at an increasing rate.
I think Elon might have bought the top. That's a very expensive piece of that company ;(
Classic short positioning with LCD and price up near Q pivot. Volume on OBV is poor.
ES hit Quarterly Pivot recently with a LCC. More downside in store most likely. Volume on OBV is terrible.
NQ is a yearly pivot. Volume is weak and more downside looks on the cards.
Confluence of tend line, 200 ema and huge absorption from Friday's session. Set up to provide a relief really next week.
Multiple inside days range. Ready for a break with good relative volume.
Ledges to hold or break. The longer price ranges the more momentum and volatility the break should have.
Watch for breaks (carefully) - good short term trading opps on these. We have strong CB catalysts for movement this week for both of them.
This is not good structure for ETH. Don't be suprised to see further weakness and even a stronger breakdown.
This area hosted a key reversal with huge volume. Sets it up as potentially a huge break on a revisit.
Rinse and repeat. Wax on wax off. These times represent the best opportunities for asymmetric risk. Breaks have massive profit potential if you're positioned correctly.
You don't need to be the worlds best analyst to work out what's going to happen here! Multiple inside days in a row. Hang on to your hat.
See comments on AUDUSD. I am not writing any more shit because TV want me to fill a page. It's all in the image!
Three day coil. Ready to break. Interesting scenario. We have Housing Price Index and Employment figures this week.
Potential targets lower. Looking very weak. Alpaca is also moving down in sync.