Monthly Time Frame: XLF from the 2009 low has been rising within a well-defined channel ( Bearish Flag?) So far we have a wide range monthly bar which has allowed a potent break out above the 2015 high and the 0,618 retracement from the 2007 top The next resistance is located at the upper trend […]
Latest TWT Analysis posts
There are a lot of signals for a tradable bottom: – NYSE Summation Index = – 300 (Very Oversold) – McClellan Oscillator = – 73 ( Very Oversold) – % SPX stocks below 50 dma = 27,20 (Oversold and Positive Divergence) – 9 straight days of lower eod prints – 4 days below Bollinger Band […]
Latest TWT Setup Watchlist post
On May 5 I posted a posted a potential short setup that did not pan out In my opinion today there is another potential reversal pattern: A small Rising Wedge could have concluded a Double Zig Zag from the January low, probably establishing the wave (A) of a large Zig Zag Tomorrow I will open […]
Latest Analyst corner post
Author: Hedgopia In all five sessions last week, spot VIX got rejected at 16.50, which at the time also approximated the upper Bollinger Band. This is not any plain-vanilla resistance. It goes back two decades.