Hey Traders, After once-in-a-decade July lift off and continued momentum push through August, capped off by last week’s opex shakeout with a push to new highs, markets are now in the ignore zone, where good/bad news, earnings, currency events simply do not matter in the face of momentum and performance chasing funds. For a month…
Author: Vlad
The Bounce Is Aging, But The Depression Is Young
By Bob Prechter The following is an excerpt from Robert Prechter’s Elliott Wave Theorist. Elliott Wave International is currently offering Bob’s recent Elliott Wave Theorist, free. On February 23, EWT called for the S&P to bottom in the 600s and then begin a sharp rally, the biggest since the 2007 high. The S&P bottomed at…
Twitter / Vlad: New Rally Targets
$SPX zoom out time ~1050 – backtest of 40 yr old channel, 1120 – 50% retracement of whole bear market $$ (while sentiment and BS remain at record levels, technically, after new highs there aren’t many reasons as to why SP500 wouldnt reach those levels)
Repeat
Hey Traders, we had an inside low volume “pause” day today, with opex max pain at 980, we might hang around in this area for a little longer, as far as key ES levels, they are the same as yesterday (yes im lazy and posting the same chart) Will be posting intraday key levels and…
ES support and resistance update
Hey Traders, no secret that today was the most bearish day in a long time. There is still plenty of work to do for the bears shall they try to turn this more than a good ol’ OPEX shakeout to max pain level of 980. Here are the s/r levels I will be watching: Support…
EURUSD Support and Resistance Update
Hey Traders, if you haven’t had a chance yet, check out previous Dollar Analysis post levels on which will obviously be crucial as to how Euro plays out. Here are major s/r levels on the daily chart, pretty self explanatory, with red line being 50ema which kept euro in check today: here is hourly chart…
Dollar Resistance Levels
Hey Traders, while some people are calling for reversal in the dollar, lets take a look at key levels: Last week there were only 3% Dollar bulls, so sentiment was certainly at a very rare extreme. Today dollar put in a slightly higher high, next level to watch will be 50ema (red line), which also…
Bob Prechter’s 10-Page Market Letter
Friends over at Elliott Wave International (EWI) are offering Bob Prechter’s recent 10-page market letter, free. It challenges current recovery hype with hard facts, independent analysis, and insightful charts. You’ll find out why the worst is NOT over and what you can do to safeguard your financial future. Learn more.………………………… Why are the truly big…
How to add updating LRC on TOS
Hello Traders, Above is a pic of live updating LRC for thinkorswim. To add this study to your chart open the chart, go to Add Studies, find LinearRegChVar, once study is on chart right click on it and go to edit, set ”full range” to No (white arrow), and set “length” to your desired number (yellow arrow). Happy Trading,…
Resorting to Megaphones
Dips continue to be bought relentlessly in this market. Sentiment remains at record highs. Only encouraging things for the bears (if there are such things 9pts off yearly highs after 50+% runup) is that late money is selling, as opposed to late day ramp ups. All that is rather irrelevant in this game of performance…