Is the #market stretched? | #heikinashi #trendfollowing $psyline #trading

SP-500 ($SPX) daily

• (!) Short-term 9 is a warning level.

 

–

SP-500 ($SPX) weekly

• (+) Theoretically, a run to 9.

 

–

SP-500 ($SPX) monthly

• (+) In a bull market, a long-term 9-level is not an indication of a top, but of a trend continuation.

 

–

$AMZN, hurt but not dead | #Amazon #heikinashi #markets #trading #trendfollowing

Amazon ($AMZN) daily

• (-) Below the trailing-stop (now the buying-stop) since late July.
• (-) Lower lows, lower highs.

 

–

Amazon ($AMZN) weekly

• (!) Sitting on the support. Weak.
• (!) haDelta points to consolidation or a fresh leg down.
• (-) S-oscillator is negative in the lower half of the range.

 

–

Amazon ($AMZN) monthly

• (!+) haDelta

 

–

 

Give us news… | $MJ | #cannabis #markets #heikinashi

ETFMJ Alternative Harvest ETF ($MJ) daily

• (–) Clear downtrend.
• (+) Some limited technical positive signs (deviation from both downtrends).

 

–

ETFMJ Alternative Harvest ($MJ) ETF weekly

• (–) Ugly chart.

 

–

ETFMJ Alternative Harvest ($MJ) ETF monthly

• (–)  Another ugly chart. Breaking below all significant supports.
• (!+) Possible bottom (S-oscillator).

 

–

Two candidates for an earnings run: $ADBE and $ADSK | #markets #heikinashi #trendfollowing #earnings

Adobe ($ADBE) daily

• (!)   Ready to break above the descending channel.
• (+) Positive haDelta sign.

 

–

Adobe ($ADBE) weekly

• (++) Positive divergence.
• (!)  Consolidation on the support.

 

–

Adobe ($ADBE) monthly

• (+) Superb uptrend.
• (+) 17.50% risk.

 

–

Autodesk ($ADSK) daily

• (!) Ready to take off, if the market is positive.

 

–

Autodesk ($ADSK) weekly

• (-) Clear downtrend since the top (lower highs, lower lows).
• (!+) haDelta suggests a strong trend ahead.

 

–

Autodesk ($ADSK) monthly

• (++) Above the long-term trailing-stop.
• (+)   #heikinashi inside candle (slowdown of the recent pullback).
• (+)    Positive haDelta signal.
• (+)    14.35% risk.

 

–

$UBER and $TWTR: A #heikinashi technical view | #markets #trendfollowing #trading

Uber ($UBER) daily

• (-)  Clear downtrend (lower highs, lower lows).
• (-)  Below the red-dotted buy-stop.
• (+) Weak positive haDelta sign.

 

–

Uber ($UBER) weekly

• (!-) High odds to go lower (haDelta failure).

 

–

Twitter ($TWTR) daily

• (-) Short-term downtrend (lower lows, lower highs).
• (-) Below the red-dotted buy-stop. A reaction remains a reaction.

 

–

Twitter ($TWTR) weekly

• (+) Uptrend (higher highs, higher lows).
• (+) Above the blue-dotted trailing-stop.
• (-)  Negative haDelta setup.

 

–

Twitter ($TWTR) monthly

• (+) Above the trailing-stop.
• (!)  Consolidation.

 

–

 

As with $TSLA, the hype is over for Beyond Meat ($BYND) | #markets #Tesla #trendfollowing #heikinashi

Beyond Meat ($BYND) daily

• (-) Some say it’s a consolidation. I say it’s a distribution with negative bias.
• (-) Below the buy-stop.

 

–

Beyond Meat ($BYND) weekly

• (-) More serious here: haDelta failed to rise above zero.

 

–

Tesla ($TSLA) daily

• (+) Trying to erase the recent fall.

 

–

Tesla ($TSLA) weekly

• (-) Downtrend, even for the fans.

 

–

Tesla ($TSLA) monthly

• (!) On important support. It should hold, otherwise, the rollover starts.
• (-) Far (47%) from a volatility-based buy-stop (red-dotted line).

 

–

$ETSY, on the waiting list | #markets #trendfollowing

Etsy ($ETSY) daily

• (-) @resistance
• (+) Well-above the trailing-stop (Risk = -11.34%)

 

–

Etsy ($ETSY) weekly

• (+) Potential (above the buy-stop @66.71

 

–

Etsy ($ETSY) monthly

• (-) Still negative

 

–