$SPX - Chart Link- as discussed on weekend
still thinking bounce as a wave 4, which may be done or this might
be wave a and b pullback of 4 with c to go higher first
of course the KISS system beat us all by going long in mid Oct
and is still long having had 16 STS stops. only thing I did late
last week when the KISS system had a new STS stop on RSG, it was
only about 1% away from price, and the chart looked like a bull
flag, I said it was a good risk/reward, and was a great example of
how even if the KISS system has been long already for months, you
can still find good entries when price gets close to those stops if
there's a tradable pattern there
Divergence is a very popular and powerful TA observation, and
most commonly used for the MACD and RSI. One of the educational
tops I've discussed recently is that when you have MACD divergence
but the second peak of the MACD is too far above zero -these MACD
divergences mostly fizzle out or get blown out producing only a
sideways consolidation on price vs a big sell off. Also, during
such an event, the 60 Stochastic will be embedded above 80% giving
further confirmation of a momo uptrend.
When the second peak of the MACD finally recycles closer to
zero, THAT'S the negative divergence that generally plays
out.
I mocked up these two educational charts for examples,
RSG - Chart Link- KISS system went long in Oct
and is still long
remember I put this out as a long setup last week because the
last STS stop was very tight only 1% away from price, therefore the
long trade looked like a good risk/reward ratio - and was an
example of entering at trade where the system has already been long
for months, because the STS was tight and price had a tight
pattern
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Yep! and notice from this
Monday Newsletter
Posted by matt on 22nd of Apr 2024 at 11:00 pm
Yep! and notice from this GC futures chart, price lost that support cycle, then rallied back to it where it found resistance and dumped again
foody518 - COOP is in
Hi Matt, can you please add COOP to the STS ...
Posted by matt on 22nd of Apr 2024 at 06:22 pm
foody518 - COOP is in the KISS tables
https://breakpointtrades.com/sts_table/?search=coop
https://breakpointtrades.com/ts/view_chart.php?s=COOP&g=misc
no changes
Just checking......all reversion to mean systems still long ? ...
Posted by matt on 22nd of Apr 2024 at 06:14 pm
no changes
it's in the FAQ STS
I noticed the new STS for COP and OXY in ...
Posted by matt on 22nd of Apr 2024 at 06:14 pm
it's in the FAQ STS can go lower at times
probably, but I'm not home,
SPY 120
Posted by matt on 22nd of Apr 2024 at 06:11 pm
probably, but I'm not home, I'll have to look when I get back
TNA, IWM 60 min wedge, Inv H&S potential?
Posted by matt on 22nd of Apr 2024 at 03:47 pm
TNA - Chart Link - with that nice wedge break, one thing to watch for is a potential higher low, that sets up in inverse H&S pattern
IWM - Chart Link-
SPX and QQQ's views
Posted by matt on 22nd of Apr 2024 at 03:41 pm
$SPX - Chart Link- as discussed on weekend still thinking bounce as a wave 4, which may be done or this might be wave a and b pullback of 4 with c to go higher first
we'll see...
$SPX - Chart Link- 15 min
QQQ - Chart Link- 15 min
of course the KISS system
RSG nice!
Posted by matt on 22nd of Apr 2024 at 03:24 pm
of course the KISS system beat us all by going long in mid Oct and is still long having had 16 STS stops. only thing I did late last week when the KISS system had a new STS stop on RSG, it was only about 1% away from price, and the chart looked like a bull flag, I said it was a good risk/reward, and was a great example of how even if the KISS system has been long already for months, you can still find good entries when price gets close to those stops if there's a tradable pattern there
RSG nice!
Posted by matt on 22nd of Apr 2024 at 03:17 pm
RSG - Chart Link-
had a migraine
Posted by matt on 22nd of Apr 2024 at 03:14 pm
I had a bad migraine earlier, was really affecting my eyes had trouble looking at screen, had to lay down for a couple hrs to get rid of it.
anyway I've been long from those mean reversion systems, so glad to see the market held up and pushed up
anjali25 - if you click
FNGD inverse VIX
Posted by matt on 22nd of Apr 2024 at 10:59 am
anjali25 - if you click back on the FNGD chart link I added the next supply zone, and there's an open gap, those could be targets
Educational Technical Analysis - MACD divergence and zero level
Posted by matt on 22nd of Apr 2024 at 10:53 am
Divergence is a very popular and powerful TA observation, and most commonly used for the MACD and RSI. One of the educational tops I've discussed recently is that when you have MACD divergence but the second peak of the MACD is too far above zero -these MACD divergences mostly fizzle out or get blown out producing only a sideways consolidation on price vs a big sell off. Also, during such an event, the 60 Stochastic will be embedded above 80% giving further confirmation of a momo uptrend.
When the second peak of the MACD finally recycles closer to zero, THAT'S the negative divergence that generally plays out.
I mocked up these two educational charts for examples,
DBA - Chart Link
DBA - Chart Link
$INDU - Chart Link
$INDU - Chart Link
FNGD inverse VIX
Posted by matt on 22nd of Apr 2024 at 10:29 am
FNGD - Chart Link-
KOLD - Chart Link
UNG follow up
Posted by matt on 22nd of Apr 2024 at 10:24 am
KOLD - Chart Link
RSG follow up
Posted by matt on 22nd of Apr 2024 at 10:18 am
RSG - Chart Link- KISS system went long in Oct and is still long
remember I put this out as a long setup last week because the last STS stop was very tight only 1% away from price, therefore the long trade looked like a good risk/reward ratio - and was an example of entering at trade where the system has already been long for months, because the STS was tight and price had a tight pattern
bitcoin stocks
Posted by matt on 22nd of Apr 2024 at 10:14 am
HUT - Chart Link nice follow through, congrats to the guy who bought a week ago
MARA - Chart Link
CLSK - Chart Link
TSLA
Posted by matt on 22nd of Apr 2024 at 09:48 am
TSLA - Chart Link- weekly, long term support is around that 110 - 120 area
TSLA - Chart Link- daily, gap exceeded
ZSL Inverse silver, you had to be already in though
Posted by matt on 22nd of Apr 2024 at 09:42 am
ZSL - Chart Link- again you had to be in it already, could not have chased it this morning
nice gaparoo
GLD completed wave count
Posted by matt on 22nd of Apr 2024 at 09:36 am
GLD - Chart Link- here's the updated view now that the cash market has opened
that v of 5 always looked complete to me, GLL was the ETF I've been accumulating
UNG follow up
Posted by matt on 22nd of Apr 2024 at 09:36 am
UNG - Chart Link- up 2.7% within the wedge