Comparison between what I published and what happened this week
I believe it is good to review how functional our analysis is.
I want to share the multi-timeframe analysis I published last week for my Patrons/private subscribers, and let you judge about the accuracy of the contents!
NDX
Hourly Chart: Bearish Bat ( Bearish )
Daily Chart: Filling the Gap, Triple Doji means no enough energy to go further. (Neutral-Bearish)
Weekly Chart: Supported at the lower level of the regression channel (Neutral- Bullish )
Monthly Chart: Hanging Man ( Bearish )
Conclusion: After 2 bearish weeks, we had 2 bullish weeks but May ended with -1.26% performance, crossing below last month low is not a good sign..! Neutral to Bearish is the most probable scenario.
SPX
Hourly Chart: bearish bat ( Bearish )
Daily Chart: triple Doji and rejection at resistance level ( Bearish )
Weekly Chart: at the midline of the regression channel (Neutral)
Monthly Chart: dragonfly Doji after 3 fantastic months(Neutral-Bearish)
Conclusion: Neutral-Bearish is the most probable case.
DJI
Hourly Chart: bearish bat ( Bearish )
Daily Chart: triple Doji and rejection at resistance level ( Bearish )
Weekly Chart: at the midline of the regression channel (Neutral)
Monthly Chart: we had 4 positive months in a row but in the last 3 months the energy to go up further became less and less (Neutral-Bearish)
Conclusion: Neutral-Bearish is the most probable scenario.
RUT
The Russell 2000 index , created in 1984 by the Frank Russell Company, is comprised of 2,000 small-capitalization companies.
The index is frequently used as a benchmark for measuring the performance of small-cap mutual funds.
Many investors see its breadth as giving it an edge over narrower indexes of small-cap stocks.
In the past 2 weeks, RUT 2000 experienced a +7.3% gain.
As II previously said, this recent rally would not be considered a bullish market because of the low trading volume, but it is a part of a complex correction! I believe this situation could last for the next 1-2 months.
Most probable scenario:
A: If we see lower money flow: Bearish breakout (I think this is the most likely to happen)
B: If we see an increase in money flow: Bullish breakout ( If 6 trillion dollar bill pass fully, this could be the case)
Some People think I publish my post to bait people to subscribe to my servises!
I challenge them to publish their own analysis and next week we will review whose work has a higher rate of accuracy!
I want to share the multi-timeframe analysis I published last week for my Patrons/private subscribers, and let you judge about the accuracy of the contents!
NDXHourly Chart: Bearish Bat ( Bearish )
Daily Chart: Filling the Gap, Triple Doji means no enough energy to go further. (Neutral-Bearish)
Weekly Chart: Supported at the lower level of the regression channel (Neutral- Bullish )
Monthly Chart: Hanging Man ( Bearish )
Conclusion: After 2 bearish weeks, we had 2 bullish weeks but May ended with -1.26% performance, crossing below last month low is not a good sign..! Neutral to Bearish is the most probable scenario.
SPXHourly Chart: bearish bat ( Bearish )
Daily Chart: triple Doji and rejection at resistance level ( Bearish )
Weekly Chart: at the midline of the regression channel (Neutral)
Monthly Chart: dragonfly Doji after 3 fantastic months(Neutral-Bearish)
Conclusion: Neutral-Bearish is the most probable case.
DJIHourly Chart: bearish bat ( Bearish )
Daily Chart: triple Doji and rejection at resistance level ( Bearish )
Weekly Chart: at the midline of the regression channel (Neutral)
Monthly Chart: we had 4 positive months in a row but in the last 3 months the energy to go up further became less and less (Neutral-Bearish)
Conclusion: Neutral-Bearish is the most probable scenario.
RUTThe Russell 2000 index , created in 1984 by the Frank Russell Company, is comprised of 2,000 small-capitalization companies.
The index is frequently used as a benchmark for measuring the performance of small-cap mutual funds.
Many investors see its breadth as giving it an edge over narrower indexes of small-cap stocks.
In the past 2 weeks, RUT 2000 experienced a +7.3% gain.
As II previously said, this recent rally would not be considered a bullish market because of the low trading volume, but it is a part of a complex correction! I believe this situation could last for the next 1-2 months.
Most probable scenario:
A: If we see lower money flow: Bearish breakout (I think this is the most likely to happen)
B: If we see an increase in money flow: Bullish breakout ( If 6 trillion dollar bill pass fully, this could be the case)
Some People think I publish my post to bait people to subscribe to my servises!
I challenge them to publish their own analysis and next week we will review whose work has a higher rate of accuracy!
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.