Pay attention to this period of time, we will see the rotation of the market in this range from an astronomical point of view... Read more

trade setup based on EW principles, and company fundamentals... Read more

Dropping below the cloud with a bearish TK cross on the weekly timeframe leaves little room for a bullish outlook. The USD is weakening amid a probable recession and upcoming rate cuts, while the Bank of Japan is set to raise interest rates for the first time in years. This could pressure YEN borrowers and create stress in the markets.... Read more

The price is above the cloud on the weekly timeframe and is currently testing the 100MA. Despite the huge speculative trading around this particular ticker, the trend seems to be heading toward a full reversal. The driving force behind this shift is macroeconomics: the anticipated rate cuts, which are expected to lower short-term bond prices while supporting the long-term ones.... Read more

I was not publishing any ideas because i was a bit busy with my study. Now i bought a prop firm, so lets make money together. Feel free to contact me and lets create one powerful trading community and live our dream life.... Read more

Did you read the TrueFi (TRUUSDT) trade-idea? We have a similar situation here. This pair has been growing since November 2022. It produced a peak in March 2024 and a correction is present next. The correction so far hit as low as the 0.786 Fib. retracement level relative to the entire Nov. 2022 - March 2024 bullish wave. The correction can end here. The fact that the bullish wave reached as high as the level at which AGLDUSDT traded back in April 2022, means that it doesn't need to crash to new lows. Again, the TRUUSDT trade-idea can work for context. Since this pair didn't hit a new All-Time High nor went close, it doesn't need to go that low. Don't get me wrong, it can still move lower; it can produce a new low. But prices already moved as low as the October 2023 support and bearish action has... Read more

The chart has formed a Head & Shoulders pattern following a double top, which needs to be invalidated to avoid further downside pressure. That’s what the bulls are attempting to achieve, but the question remains: will they succeed? Additionally, we are frequently testing the 200MA, a key long-term support level. From a macroeconomic perspective, a recession seems likely, and in such a scenario, maintaining bullish momentum would be difficult. In my view, we’ve now entered the bearish phase of the market, even for semiconductors.... Read more

BTC's price recently bounced from a strong support zone. A potential Bullish reversal seems in play as the price action has broken the previous Lower High. This is the 3rd Bounce from key Monthly Fibonacci levels since the previous massive Bull rally (along with further confluence from key Fibonacci Harmonic levels on the shorter 4HR time frame). Bounces from these critical levels may eventually lead to the completion of a massive Bullish flag/Cup & Handle Patterns on the Monthly time frames. If price breaks the all time high and crosses 74000, the chances of TP2 will increase. Trade Plan Entry @ 60900 Stop Loss @ 52000 TP1 @ 69800 OR BW 0.8 - 1 RR TP2 @ 78700 OR Ride further with extra caution No. of Trades: 2 Move SL to Break Even if TP1 hits.... Read more

It says bottom might be in with “B” signal. If this is the bottom we can confirm, next direction is up only.... Read more

NDX rallied to the top of this pennant today before close. The BTC and NASDAQ correlation is pretty heavy in this pattern. Do we see Bitcoin find a local top soon and range around $61,400-61,800 this weekend? This would allow for a beautiful open Monday morning with both assets in sync heading into the FOMC week.... Read more

There are still a few grey areas, but it looks solid as a recovery. IT certainly feels like a 160 stock, considering all is well for another move north!... Read more

This is a pretty interesting project, we are looking at the token for the the Loot NFT, Adventure Gold, vs Bitcoin (AGLDBTC). We have a bullish situation out of bearish signals. Adventure Gold (AGLDBTC) hit a new All-Time Low in August 2024. This low broke a major long-term support that was valid in June 2022, November 2022 and May 2023. Now, the ATL went below this level and this is bearish, true, but the pair recovered and has been green for four consecutive sessions after a short-term higher low. What makes this chart setup "ultra-bullish" is the fact that AGLDBTC is now trading back above the 2022/2023 long-term support. As long as the action is happening above this level, the potential for a bullish wave is super high and we can expect growth. If it moves lower things change. We don't have to worry about the lower part though, because... Read more

BTC has been trading inside of a rising wedge pattern, of which in this case is a Bearish completed. Although BTC price has broken out of this wedge and still making highs. I was anticipating a breakdown flow initially, until I realized and remembered BTC has a CME gap to fill between $61,850k - $61,550k. So I strongly believe BTC is pumping to fill this gap, and we know what happens after CME gap fills (liquidity grab). So I'm still very much Bearish on BTC to the $44k support zone that it. But anyways we'll see how it plays out in the coming days and week. but for now we can scalp into the strong Resistance zone @ $62k... Read more

It was a clean close on Friday in the S&P 500. What I mean by this is a close near the high of Friday's trading which is a sign that buyers are willing to hold this position into the weekend. The expectation would be new highs on Monday but not a large move as the market positions itself for the fundamental data coming out later in the week.... Read more

My previous post expected a full rotation to the VAH, and we are now in the verge of completion. VAH lines up with a weekly close/open. This level presents level of reaction. This is an obvious short. Although, this setup should be taken at the start of next week candle for a better SL... Read more

In this StockCharts TV video, Mary Ellen reviews the broader markets and highlights pockets of strength that are starting to trend higher. She also shares add-on plays to the move into home construction stocks, and shows key characteristics needed to confirm a downtrend reversal in select stocks.This video originally premiered September 13, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV.New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.If you're looking for stocks to...... Read more

While the S&P 500 finished the week once again testing new all-time highs around 5650, the Nasdaq 100 remains rangebound in a symmetrical triangle or "coil" pattern.  While this pattern does not necessarily suggest a potential next move for the QQQ, it did lead me to think about four different scenarios that could play out over the next six to eight weeks.The chart of the QQQ looks a lot like the chart of Nvidia (NVDA), with a clear consolidation pattern of lower highs and higher lows. Other leading growth names like Meta Platforms (META) have failed to signal an upside breakout...... Read more

This week's stock market action may have caught many investors by surprise. After last week's massive selloff, this week's turnaround reignited investor enthusiasm in equities. Large-cap growth stocks were the leading asset class in the early part of the trading week, and, by Friday, the clear leaders were the mid- and large-cap stocks.This week's Consumer Price Index (CPI) and Producer Price Index (PPI) showed that inflation has cooled, which means the Fed will probably cut interest rates. More optimistic is the thinking that there may be more than the 25 basis points (bps) we were...... Read more

Tech Rallies, But Remains Inside the Lagging QuadrantA quick look at the Relative Rotation Graph for US sectors reveals that the Technology sector is still the main driving force for the market. Technology now makes up more than 30% of the market capitalization of the S&P 500, so it significantly influences the price (movement) of the S&P 500 index.On this weekly RRG above, the XLK tail can be seen heading further into the lagging quadrant, together with XLC and XLE.After dipping to the 540 area at the end of last week, the market has recovered some of that ground so far this week...... Read more

Numerous companies are making strides within their respective sectors, but, unless you follow the sector closely, you might not be aware of them. That's what makes StockCharts Technical Rank (SCTR) reports so helpful.If you've checked your SCTR reports regularly, you might have noticed Insmed (INSM) appear at or near the top over the last three months.FIGURE 1. DAILY SCTR REPORTS SHOW INSM IN THE OF THE TOP-UP, LARGE-CAP STOCKS.Image source: StockCharts.com. For educational purposes.Insmed (INSM) is a biotech company that has had a near-perfect SCTR score of 99.9 since the end of May.A...... Read more

It was a massive turnaround day in the market on Wednesday—stocks sold off after the Consumer Price Index (CPI) data was released, but, after a couple of hours, rallied back to make up the losses and continue higher. The broader stock market indexes closed higher. The Nasdaq Composite ($COMPQ), S&P 500 ($SPX), and Dow Jones Industrial Average ($INDU) had a very wide range day, with the Nasdaq ahead of the pack closing higher by 2.17%.On Wednesday, the Tech sector was the top performer, followed by Consumer Discretionary and Communication Services. The underperforming sectors were...... Read more

In this exclusive StockCharts TV video, Joe discusses why he is a bottom-up technical analyst. He explains the difference between top-down and bottom-up analysis and uses this to show the strongest sectors rotating to the upside right now; this approach will help give advance notice of which areas to focus on before they become obvious to the masses. He also discusses market volatility and why it is looking rather concerning. Finally, he goes through the symbol requests that came through this week, including META, TSLA, and more.This video was originally published on September 11, 2024...... Read more

In this video from StockCharts TV, Julius takes a look at rotations in an asset allocation RRG. He compares fixed-income-related asset classes, commodities, the US dollar, Bitcoin and stocks to a balanced portfolio of 60% stocks/40% bonds. The long-lasting outperformance of stocks seems to be coming to an end.This assessment of asset allocation is then followed by a look at S&P 500 sector rotation using Relative Rotation Graphs broken down into three groups -- offensive, defensive, and (economically) sensitive. The current rotation in the defensive group is really standing out.This...... Read more

The Real Estate sector took the lead in Tuesday's trading, probably because interest rate cuts are approaching. Technology and Consumer Discretionary took second and third place, respectively.Overall, it was a pretty quiet trading day except for the energy sector, which showed the biggest decline. The Energy Select Sector SPDR Fund (XLE), the StockCharts proxy for the Energy sector, declined 1.75%.FIGURE 1. SEPTEMBER 10, 2024 MARKETCARPET. Real Estate was the leading sector, followed by Technology and Consumer Discretionary. Energy was the laggard.Image source: StockCharts.com. For...... Read more

Perhaps no other industry in the world is more synonymous with risk and emergent (R&D) developments like biotechnology. While the information technology sector has been a dominant driver on Wall Street since the big tech revolution in the 2000s, biotech, a subset of the healthcare sector, took a sharp nosedive during the pandemic in 2020.By 2020, 80% of all biotech companies were losing money. Near-zero interest rates made it easy for biotech companies to continue raising capital to fund their operations. But as the Fed began raising interest rates a few years later to combat rising...... Read more