Hello everyone! Today i want to share some technical analysis with you!1. $.DJI(.DJI)$ 11th in a row?Almost unheard of--DJI closes RED for 10 consequtive days. Although I think the previous day's low will be tested and broken, today's bar has to be GREEN. That is my bet.2.Three lines to watch for $.SPX(.SPX)$ : MA50, 100 & 200. If closes lower than 5924 (MA50), high likely to visit next line around 5770 (MA100). By the same token, if 5770 lost, then the BLACK LINE around 5523. Yeah, a bit ahead of ourselves here, but this correction is at a higher level.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.The Limit of $Tesla Motors(TSLA)$ : (1) For the last 2.5 years, TSLA formed a large side-way triangle to store energy for the next leg up. (2) now, with a clear breakout of the resistance & ATH, TSLA opens up a new limit for the next leg up. (3) the yellow bar is a rough gauge--yeah, 1K.2.Yeah, $.DJI(.DJI)$ closes red, the EIGHTH in a row--I can't remember when was the last time that the leader group is in such a total retrace mood while SPX is hanging near ATH.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysisi with you!1MPW Mid-week Update Posted: $.SPX(.SPX)$ (1) SPX is getting closer to a key level where two upward moves from Covid Bottom equate to each other. (2) moreover, there is an extreme price point that SPX should NOT surpass.2.6118 = 3492+2626 (a key price target to watch)Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.MPW Scroll #149 Posted: $.SPX(.SPX)$ (1) as boring as a typical topping process--no need to rush toward bearish setting, as the bull still has some legs. (2) timewise, it is a matter of days; pricewise, 30-50 points left.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.MPW Mid-Week Update Posted: $.SPX(.SPX)$ (1) SPX continues to set up ATH day after day. Where is the finish line? (2) I drew three lines a month ago, based on the FIB-ratio and wave relations. Now, SPX is aiming at the next two. 2.With the market closing at ATH, we see another ALL-GREEN SETUP.3.The indicator that is not confirming the top--other than this, everything still looks bullish.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some trading analysis with you!1. $Cboe Volatility Index(VIX)$ divergence: (1) on the daily level, VIX has set up a small divergence at RSI (9)--though not big enough to trigger some large volatile moves, the direction does turn up. (2) today's setup looks like a green VIX/red index day. But the divergence does not signal the top yet.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.MPW Mid-Week Update Posted: $.SPX(.SPX)$ (1) with yet another extension, the market is waiting for the right time & window to turn. (2) Mercury Retrograde has been a noteable & reliable turning window, at least over the last few years. Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.Two Lines To Watch: $.SPX(.SPX)$ (1) the black trendlin on the chart derives from the start of this bull market in 2009; (2) also, the purple price line marks a major fib-level that corresponds to the previous waves. (3) at the moment, the market is thinking about how to deal with them.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.5874 CLOSE: (1) If $.SPX(.SPX)$ closes below 5874 by Friday, then SPX has two consecutive RED WEEKLY BARS; (2) during this entire rally from late 2022, once SPX has two red weeks, it turns to drop more the next week, even if that week closed higher. (3) $NVIDIA Corp(NVDA)$ 's earning would be key.2.MPW Mid-week Update Posted: (1) quite some choppy moves lately, as SPX bounced between two large gaps above and below. (2) at the weekly level, the color of this week's candle is significant--the key level is 4876. Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1. $NVIDIA Corp(NVDA)$ Trade: (1) yesterday, NVDA broke through the upward trendline and opened up a much larger space for decline.(2) not to mention the most-watched earning after 11/20 close--not an encouraging picture for the bulls, at least in the very short term. (3) may place a small bet.Follow me to learn more about analysis!!