$TSLA and $SPCE, a #heikinashi trend view | #markets #trendfollowing #Tesla #Virgin

Tesla ($TSLA) daily

• (+) Cup-and-handle pattern. $TSLA will ho higher.
• (+) 15% above trailing-stop.

 

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Tesla ($TSLA) weekly

• (+) Positive (haDelta).

 

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Tesla ($TSLA) monthly

• (+) Positive.

 

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Virgin Galactic ($SPCE) daily

• (!) Consolidation with a positive bias (haDelta + haOscillator).

 

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Virgin Galactic ($SPCE) weekly

• (-) Negative (haDelta + haOscillator).

 

 

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$VIX negative short-term, but… | #markets #heikinashi #trendfollowing #volatility

Volatility index ($VIX) daily

• (-) Expected to go lower.

 

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Volatility index ($VIX) weekly

• (!!) Ready to reverse.

 

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Volatility index ($VIX) monthly

• (!) Technically, a top. (Note: S-oscillator is a delayed indicator.

 

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CandleVolume charts, the complete picture of any rally/downtrend | $SPX $SPY $TSLA $AMZN $QQQ | #markets #heikinashi #amazon #tesla #trendfollowin

(note: the time axis is shifted to the left for candlevolume chart)

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Amazon ($AMZN) daily

• (-)  Moderate selling
• (+) The fall from the February highs was unconvincing (narrow candles = low(er) volume)
• (!)  A megaphone formation over the past 2 weeks (usually, bearish)

 

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Tesla ($TSLA) daily

• (-) Serious selling (wider candles) compared to the recent price evolution.

 

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Nasdaq ETF ($QQQ) daily

• (!)  Unconvincing rally from the low (narrow candles = low volume)
• (- -) Serious selling during the fall from the February top
• (!) During the uptrend September – February the volume-price candles were extremely thin (unconvincing)

 

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Apple ($AAPL) daily

• (!)  Unconvincing rally (narrow candles = low volume)
• (- -) Serious selling (wide candles) during the fall from the March top

 

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Going lower, slowly $SPX $SPY $DIA $DJIA $QQQ $COMPQ #markets #heikinashi #trendfollowing

S&P-500 daily

• (+!) haDelta is still above its average but ready to turn lower just below zero. 

 

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S&P-500 2-days

• (-) Negative

 

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S&P-500 3-days

• (- – ) The worst chart: haDelta crossing below its average, at zero. Strong downtrend ahead. 

 

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S&P-500 4-days

• (!) Signs of an haDelta failure.

 

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S&P-500 5-days

• (+) Positive.

 

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(Charts generated with TC2000 software)

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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