Market weakness $SPX $SPY: *one* technical view | #heikinashi #markets #trendfollowing

Or why you should add Heikin-Ashi tools to your analysis and trading/investing.

–

SP-500 ($SPX) daily

• The recent high is in response to the previous very visible top, in late September-early October. Tweets may have exacerbated the momentum. But technical remains technical.
• (-) Although a delayed indicator, $MACD works.
• (-) haDelta points to more downward pressure.

 

–

 

–

SP-500 ($SPX) weekly

• (-) Lower MACD highs.
• (!) MACD is ready to turn lower.
• (-) “In haDelta I Trust!”
• (-) S-oscillator is reversing from the top.

 

–

–

SP-500 ($SPX) monthly

• (!-) MACD may reverse.
• (-) “In haDelta I Trust!”
• (+) Risk is 11%.

 

 

–

–

Advertisements

When technical indicators fail… | $AAPL, #heikinashi #markets #technicalanalysis, #trendfollowing

Apple ($AAPL) daily

• (!)  Ready to risk 3.23%?
• (+) Above the trailing-stop (blue dotted line)
• (+) Higher highs, higher lows
• (!)  haDelta signals a short pullback

 

–

Apple ($AAPL) weekly

• (+) Above the trailing stop (14.66% risk)
• (+) White Heikin-Ashi candles
• (-)  Negative divergence price :: haDelta. Not a serious matter, as long as the price is above the trailing-stop

 

–

Apple ($AAPL) monthly

• (!)  The month is not over yet so the trailing-stop at 151.195 may change. Wait until the end of the month.
• (+) Higher highs, higher lows
• (!)  haDelta may still have room to run

 

–

$SPX: The market has a positive bias | #market #trendfollowing #heikinashi #trend

S&P-500 ($SPX) daily

• (+) 2.30% risk
• (+) #heikinashi candles are white (uptrend)

 

–

S&P-500 ($SPX) daily

• (++) haDelta points to a strong uptrend ahead
• (! +)     Uncertainty for the S-oscillator

 

–

Uptrend continuation for $SPX | #markets #trendfollowing

S&P-500 ($SPX) daily

• (+) Above the trailing-stop (risk = 2.61%)
• (+) The second day of a positive S-oscilator crossover

 

–

A 3D (confusing) market view | $SPX $SPY | #market #trendfollowing

S&P500 ($SPX) daily

• (+) Tired with positive signs.

 

–

S&P500 ($SPX) weekly

• (-) 3,000 and it is over.
• (+) Strong probability for the S-oscillator to turn up.

 

–

S&P500 ($SPX) monthly

• (+) Positive S-oscillator signal.
• (!)  Possible diamond formation (negative bias) if a lower high is formed.

 

–

Listen to advice, but verify the 3D picture | $MRCY #heikinashi #markets #trendfollowing

Mercury Systems ($MRCY) daily

• (+) Consolidation with a positive bias
• (-) S-oscillator is at an extreme value, signaling a top. Who buys at a top?
• (+) Above the trailing-stop with a 6% risk
• (+) A bullish pattern in a consolidation

 

–

Mercury Systems ($MRCY) weekly

• (-) The extreme value of the S-oscillator does not support a long trade now

 

–

Mercury Systems ($MRCY) monthly

• (-) Another extreme for the S-oscillator

 

–

STOP giving up gains. Use a *reliable trailing-stop. $ACB $MJ #cannabis #markets #trends #trendfollowing #heikinashi

Aurora Cannabis ($ACB) daily

• Regardless of what RSI(14) says (overbought or oversold), use a trailing-stop to capture more of the existing trend.
• As the old books say, when RSI(14) falls below 90 or 70, it’s time to exit (overbought). False. As long as the close remains above the trailing-stop, RSI(14) is noise, has only informational value, and it’s not a decisional factor.
• The risk factor is the only variable the trader may or may not feel comfortable with (13.63% in this case).

 

–

MJ (Cannabis ETF) daily

• (+) Ascending triangle, ready to explode.

 

–