ratchet-mint

ratchet-mint

ETH is throwing some clear signals of more selling to come First Bear flag: ETH made a false breakout below its support and recovered. Second Bear flag: What was once ETHs support line has now become its resistance blocking it from moving higher. Renewed concerns of recession looming over the next year. We should expect more selling to come with ETH. ...

ratchet-mint

Market got the .25 rate hike they wanted Everyone stated the lower rate hike was priced in. Market still rallied even higher upon getting the news they long expected Conclusion: expected future events are not priced in.

ratchet-mint

We should prepare for a short term pull back soon as SPY has skyrocketed beyond its upper trendline that is already in an upward trend. Stocks climbing faster and faster lead to near term contractions The last time SPY did this, market makers sold off a large position triggering a larger selloff.

ratchet-mint

Today SPY has created a new upward trend today but with troubling signs of momentum. Volume is consistently going down for each period showing little conviction of the rally Broken below the support line twice. We should expect this rally to be short lived

ratchet-mint

The market has been rising a lot lately, with many turning bullish. We have a critical event coming that will dictate the direction of the market sentiment. Market broadly believes Fed will reduce rate hike from .50 to .25. I have concerns with this conclusion Unemployment has been decreasing regularly. Inflation is reducing but still high. We see a...

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Market makers took profit on Friday causing sell off. SPY gapped down as a reaction Testing downward trend Reversal shooting star candlestick forms Stock breaks through trendline signaling selling is losing momentum. Bullish sentiment of the market is looking to kick back in again.

ratchet-mint

SPY spent most of the day trading above its normal upward trajectory trendline. This is an alarming place for a stock to be in. Stocks growing at faster and faster rates sets the stage for a painful retracement. Market makers took advantage of high growth and sold large positions taking profits off the table. This sell off may trigger more selling by...

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SPY is now in its upward false breakout territory of its main upward trend. Going upwards beyond this line would not be good sign for sustainable growth. Healthy stock growth is slower than its period of selling Growing at faster and faster rates shows signs of a bubble forming. To maintain this upward momentum longer term we want to see the stock...

ratchet-mint

SPYs recent rally has now started to form a narrowing ascending wedge pattern. This is a reversal pattern which could lead to a sell off once complete. The recent rally is not without its bearish news on the horizon. the market has become quite optimistic that it believes Fed will adjust rate hike to .25 for the first time. Fed has warned about this...

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SPY this morning gapped down breaking its upward momentum trend. Gapped back down into its long term downward trend range. Downward momentum has slowed. Formed a bullish shooting star candlestick. Now trying to confirm the bullish reversal by starting into an upward momentum in the current period I am expecting SPY to start trading back inside its...

ratchet-mint

SPY has been on tear in the week or so, but upward momentum has stalled out and showing signs of reversal. We can see signals of potential reversal while SPY was still riding high. Looking at the support upward trendline, we see SPY testing it most of Tuesday. Once hitting the horizontal resistance line, it breaks below the upward support Confirming its...

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Although the SPY is trading down for the past month, this is still just following the broadening wedge pattern it has formed since the beginning of 2018. Sadly this pattern does not give much indication which way the SPY will go when it breaks out.

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We can see that SPY price action climbs steadily while its RSI moves flat helping determine the buying strength in the SPY right now. This gives the indication that SPY has a bullish sentiment in it.

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SPY has broken from its 2 month long rally to go through a rough but quick pullback. SPY has now bounced back to pre-breakdown levels. During the pullback when comparing to the RSI patterns, we can see that it pulled back more than the price on multiple occasions. This gives a bullish sentiment during the recent contraction.

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As the SPY creates a strong downward trend, we see the RSI is close to being oversold giving an indication that selling should settle down soon and smooth out.

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SPY has clearly broken downward outside its 3 month long trend rally and is now trading mostly flat. Despite losing its running streak the RSI has gone from overbought into neutral range while price action trades flat. This gives us a signal that buying strength remains stronger than selling.

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Today has given mixed signals with what started out as a strong gap up on trade news lost basically all ground through the whole day with a spike in selling volume just before close of the day (bearish signal). RSI going below its support trend line while price action retreats to stay inside a support trend line (bullish signal).

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We can see even as the SPY creates a lower trend now trading in lower support, it still gives bullish signals via the price action and RSI. We note the RSI moves lower overall while the price action is trading more or less flat as presented with the horizontal green trend line. This is coupled with smart money pushing the stock back up at the close for the...