#Cannabis time ($MJ) | #markets #trendfollowing #trading #investing #heikinashi

Cannabis ETF ($MJ) daily

• (+) Breakout above the previous high. Slim probabilities to print a new low below September level.
• (!)  At resistance.

 

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Cannabis ETF ($MJ) weekly

• (!)  Still in a consolidation mode. Longer the consolidation, stronger the breakout.
• (+) Positive haDelta.

 

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Cannabis ETF ($MJ) monthly

• (+) Building a base/bottom.
• (+) A positive divergence since July.

 

 

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A #heikinashi 3D view of the technology ($QQQ) | #markets #trendfloowing #trading #investing

Technology ETF ($QQQ) daily

• (-) Negative signs.

 

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Technology ETF ($QQQ) weekly

• (+) Positive signs.
• (++) Another proof that #heikinashi removes noise from the price action.

 

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Technology ETF ($QQQ) monthly

• (+) Signs of a top.

 

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$SPX, a top #heikinashi #markets #trendfollowing #trends #portfolio

The Market Breadth charts are based on the Relative Strength inside the SP-500 index.

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SP-500 ($SPX) daily

• (++) A short reaction is expected.

 

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SP-500 ($SPX) weekly

• (+) 3,090 is a decent support,  6.30% lower from here.
• (-) First time in negative territory since the March low.

 

SP-500 ($SPX) monthly

• (-) A classic Japanese candle pattern confirmed with a very low value for the market breadth (37 out of 502)

 

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The #biotechnology is poised to go higher $IBB #heikinashi #trendfollowing #markets #biotechs

Biotechnology ETF ($IBB) daily

• (+) Break above the descending channel. A higher high.
• (!+) haDelta shows a sign of reversal.

 

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Biotechnology ETF ($IBB) weekly

• (+) The downtrend is shorter (until now) than the uptrend.
• (+) Breakout above the haDelta downtrend resistance.

 

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Biotechnology ETF ($IBB) monthly

• (!)  @resistance
• (+) An ascending triangle-like formation.
• (!+) haDelta points to a reversal.

 

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$TSLA, lower or higher? It depends on the timeframe #heikinashi #Tesla #trading #trendfollowing

Tesla ($TSLA) daily

• (-)  5 down, 3 up
• (-)  haDelta points more downside

 

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Tesla ($TSLA) weekly

• (+)  Uptrend (higher highs and higher lows)
• (+!) Above the trailing-stop
• (+)  Inverse positive divergence

 

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