High probability for a market correction $SPX $SPY #markets #trading #heikinashi #correction

How much can the market stay stretched?

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S&P-500 ($SPX) daily

• (+) The previous price low at the end of January has not been hit (yet).
• (!)  MACD is ready to issue a negative signal.
• (-)  The daily 10-day average follows the rule: not higher that 1.5% from the price.

 

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S&P-500 ($SPX) weekly

• (+) MACD remains positive.
• (!)  MACD indicator at chart highs.
• (-) The daily 10-day average follows the rule: not higher that 4% from the price.
• (-) A steep uptrend Oct-present. Too steep to continue.

 

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S&P-500 ($SPX) monthly

• (+) Impeccable uptrend.
• (!-) The 10-month average is approaching historical resistance levels.

 

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Looking for technical signs of weakness (in an uptrend) $SPX $markets #heikinashi #trendfollowing

SP-500 ($SPX) daily

• (+) Above the trailing-stop.
• (-)  Negative divergence.

 

 

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SP-500 ($SPX) weekly

• (+)    Above the weekly trailing-stop.
• (+)    Above the uptrend support.
• (!!–) haDelta is at its highs, but haOscillator is at zero. Pullback expected.

 

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SP-500 ($SPX) monthly

• (+) Generously above (13.82%) the trailing-stop.
• (-)  Top haDelta.

 

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Tesla, Virgin Galactic: a Heikin-Ashi view #heikinashi #Virgin #markets #trendfollowing

Tesla ($TSLA) daily

• 9 is the first level of warning in an uptrend
• (-) a bubble chart

 

 

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Virgin Galactic ($SPCE) Daily/Weekly/Monthly

• (+) Bullish daily chart
• (!)   Start of a consolidation on the long-term chart

 

 

 

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

SP-500 ($SPX) daily

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

 

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SP-500 ($SPX) weekly

• (+) Theoretically, a run to 9.

 

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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.

 

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$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.

 

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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.

 

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Amazon ($AMZN) monthly

• (!+) haDelta

 

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

ETFMJ Alternative Harvest ETF ($MJ) daily

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

 

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ETFMJ Alternative Harvest ($MJ) ETF weekly

• (–) Ugly chart.

 

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ETFMJ Alternative Harvest ($MJ) ETF monthly

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

 

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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.

 

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Adobe ($ADBE) weekly

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

 

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Adobe ($ADBE) monthly

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

 

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Autodesk ($ADSK) daily

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

 

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Autodesk ($ADSK) weekly

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

 

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Autodesk ($ADSK) monthly

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

 

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