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 - 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 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 - Chart Link-

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 back on the FNGD chart link I added the next supply zone, and there's an open gap, those could be targets

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 - Chart Link-

KOLD - Chart Link

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

HUT - Chart Link nice follow through, congrats to the guy who bought a week ago

MARA - Chart Link

CLSK - Chart Link

TSLA - Chart Link- weekly, long term support is around that 110 - 120 area

TSLA - Chart Link- daily, gap exceeded

ZSL - Chart Link- again you had to be in it already, could not have chased it this morning

nice gaparoo 

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 - Chart Link- up 2.7% within the wedge

gold down -$59!

remember I've been labeling that high from a couple weeks ago as completed on the GLD 2hr, some questioned that but stuck to my guns, now playing out

Here's my detailed weekend newsletter/video with my thoughts on the markets, precious metals, crypto, and our trading systems

Youtube Video  Wednesday April 21st, 2024       - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Wednesday April 21st standard Webpage Format  - contains all the dynamic chart links

weekend newsletter is recorded, just waiting for it to upload and will then post

ES  futures are up 12, gold futures are down 13

https://www.ig.com/en/indices/markets-indices/weekend-wall-street 

IWM - Chart Link- 2hr, price is at a demand zone with some MACD and RSI divergence

IWM - Chart Link- 60 min nice wedge forming

TNA - Chart Link- here's the leveraged ETF, nice wedge and divergence

that said, on the 2hr time frame the MACD divergence is way below zero, and remember my educational discussion that divergence doesn't work as well when the MACD is too far from zero - so this may suggest that if we see a bounce here, it will still be quite volatile for a while