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

October 10, 2020 Comments off

Cannabis ETF ($MJ) daily

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

 

Cannabis ETF ($MJ) weekly

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

 

Cannabis ETF ($MJ) monthly

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

 

 

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

October 3, 2020 Comments off

Technology ETF ($QQQ) daily

  • (-) Negative signs.

 

Technology ETF ($QQQ) weekly

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

 

Technology ETF ($QQQ) monthly

  • (+) Signs of a top.

 

 

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

September 26, 2020 Comments off

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

SP-500 ($SPX) daily

  • (++) A short reaction is expected.

 

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)

 

 

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

September 19, 2020 Comments off

Biotechnology ETF ($IBB) daily

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

 

Biotechnology ETF ($IBB) weekly

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

 

Biotechnology ETF ($IBB) monthly

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

 

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

September 12, 2020 Comments off

Tesla ($TSLA) daily

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

 

Tesla ($TSLA) weekly

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

 

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