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

March 28, 2020 Leave a comment

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.

 

SP-500 ($SPX) weekly

  • (-) Nothing looks positive here

 

SP-500 ($SPX) monthly

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

 

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

March 22, 2020 Comments off

S&P-500 chart (Monthly)

 

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

March 14, 2020 Comments off

Tesla ($TSLA) daily

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

 

Tesla ($TSLA) weekly

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

 

Tesla ($TSLA) monthly

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

 

 

Categories: heikin-ashi Tags: , , ,

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

March 8, 2020 Comments off

SP-500 ($SPX) daily

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

 

SP-500 ($SPX) weekly

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

SP-500 ($SPX) monthly

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

 

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

March 1, 2020 Comments off

S&P-500 ($SPX) daily

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

 

S&P-500 ($SPX) weekly

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

 

S&P-500 ($SPX) monthly

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

 

 

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

February 23, 2020 Comments off

How much can the market stay stretched?

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.

 

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.

 

S&P-500 ($SPX) monthly

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

 

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

February 16, 2020 Comments off

SP-500 ($SPX) daily

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

 

 

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.

 

SP-500 ($SPX) monthly

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

 

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