Avoid #MACD for now! $SPX $SPY $DIA $DJIA $QQQ $COMPQ #heikinashi #markets

SP-500 ($SPX) daily

• (-) Bullish MACD is a good indication, in uptrends, when most signals are in positive area (above zero). Here, in a clear downtrend, the signal is well below zero. Its reliability is extremely weak. Avoid it.
• (-) The ten-day average is outside the normal positive range.
• (-) Heikin-ashi candle-inside-candle = Pause.
• (-) haDelta (not shown here) triggered a sell signal at the end of Thursday.

 

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SP-500 ($SPX) weekly

• (-) Nothing looks positive here

 

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SP-500 ($SPX) monthly

• (!) Waiting for more downtrend.
• (!) Below zero, the Hell breaks loose.

 

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Optimism, realism or pessimism? *You are the judge! #markets #heikinashi $SPY $SPX $DIA $QQQ

S&P-500 chart (Monthly)

 

$TSLA, going lower #markets #Tesla #heikinashi #trendfollowing

Tesla ($TSLA) daily

• (+) Possible rally (see haDelta)
• (-)  Downtrend
• (-)  haDelta is in negative territory

 

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Tesla ($TSLA) weekly

• (-) S-oscillator just started its fall.

 

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Tesla ($TSLA) monthly

• (-)   A typical bubble burst
• (- -) More room to fall from here (S-oscillator)

 

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$SPX, is this a crash warning? #markets #heikinashi #crash #trendfollowing

SP-500 ($SPX) daily

• (!-) The Turbulence Index, which measures the activity of several asset classes, is at a value not seen since 2008.

 

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SP-500 ($SPX) weekly

• (!-) The Turbulence Index is at a value not seen since 2008.

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SP-500 ($SPX) monthly

• (!) TI still at reasonable levels. The monthly timeframe is the most delayed of the three here.

 

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$SPX, going lower | #heikinashi #markets #trendfollowing $SPY $DIA $DJIA $QQQ #COMPQ

S&P-500 ($SPX) daily

• (+)   Maybe, a short reversal due to oversold condition + high $VIX. Maybe.
• (- -)  Certainty: any rally will be sold.

 

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S&P-500 ($SPX) weekly

• (-) The S-oscillator points to more downtrend.

 

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S&P-500 ($SPX) monthly

• (-) The S-oscillator points to more downtrend.

 

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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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