therealone3
Well It's A little messy, but you all get the point.
1. We've reached the peak of stock buyback blackout season. 2. Massive Wedge 3. MACD Divergence 4. MFI points to overbought conditions. 5. Weak Volume 6. Nearing a double top. 7. Hanging man on the daily chart on Friday. 8. Buckle your seatbelts. Have a great week trading everybody!!! Not Investment Advice.
Inverse H&S Pattern complete on USO, I believe this will be catalyst for rising oil prices, of course their are many more. 1. Falling DXY- The US dollar has just started a downtrend that I believe will be a trend for not just months, but years. Fed Chair Jerome Powell just put interest rates on hold until further notice. On top of that, the unwinding of bonds...
Ascending Triangle forming on the 10 year bond. With Federal Reserve officials still hawkish, prepare for a bumpy ride because yields still aren't cooling down just yet.
Head and shoulders forming. Will see If It follows thru. Notice support lines. *Not Investment Advice*
Crude oil has been rising steadily since the beginning of the year, that price has not reflected much in the smaller cap oil exploration companies. Expecting a bullish turn around for the whole market. Prices will continue to rise as supply is squeezed from the Iran Sanctions. If price falls below $14.42 and 100 Day MA void Idea. Good Luck! *Not Investment Advice.*
On the 5 minute chart GTXI Is picking up volume. Positive price movement is also coming in, could be a good day trade. Notice: Not Investment advice.
Expecting a breakout by tomorrow. Notice: Not financial advice.
Plenty of gains to come out of USO yet. I'll start to become more bearish towards the end of September, otherwise consider me an oil bull for right now. On a side note, I did pick up calls at beginning of the day yesterday too for some nice gains. Good luck everyone! Notice: Not financial advice.
Will fall to either of two lines If the price rejects.
Double top possible look for support on either of the two lines.
Very interesting play coming up this week. I definitely wouldn't say I'm going short because the neckline and the 100 Day SMA are meeting at the same time. That being said if the price does dip below the neckline and 100 Day MA It could be a nice short play. On the other hand the Dollar is could bounce off the moving average voiding the H&S. What do you all...
Right now Gold is hitting the .618 Fibonacci resistance line, and at the same time the 50 day MA. If the precious metal can get a close above those two lines, be ready for an accelerated jump to $1240. On the hand, If It rejects, It should only fall to the bottom of the support channel. Good Luck! Notice: I do not provide financial advice.
Looks like a good bullish symmetrical triangle setup. Should see a good retest of the $114.85 level. Should complete NLT than End Of Day Thursday (13SEPT). Goodluck! Notice: Not Investment Advice.