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SPY Weekly 01/13/2023 Testing TrendOn this Weeklty SPY ETF chart (SP500 Proxy), we see the upper trendline on the bear trend (yes i made it green sorry) is being tested and spiking it again. This has repeatedly resulted in a rejection. CPI came in sorta inline which gave a little boost this week, but bank earnings disappointed when you look in the line items of the reports. This is an inflection point for markets. PE dont support these levels, so I am in the bear camp and do expect to see low 3200-3300 SPX by middle to end of 2023. I have to add that I do find the fact this last rally started before retracing to lower trend, and now looking like a cup (maybe building a C&H?), we need to watch that as well.
AMEX:SPY
by Markets-Sniper
2
Wave Auction Theory & WHY it worksSup, this is the 30th & the last post that concludes all the previous ones, and finally reveals the name how I've called all this - wave auction theory. Well, me as a creator of all this (or more like a mixer, a DJ lol) I think about it more as a theorem, but that's for nerds and geeks to work it out, me I just wanna flexx. If you take a look at all existing market theories their main thing is they all attempt to divide market activity into parts. Patterns, El waves, Wyckoff market states, then what Steidlmayer created (I call it Interval Auction Theory, since he divided market activity in parts by days, weeks, months etc). The main problem with is all these concepts (maybe except the last one) dem are not well defined, and they apply on the fractal market something that the highest resolution of this fractal (raw tick chart) doesn't have. Wave auction theory ain't superimposing any exogenous structures on the market, such as "crowd behaviors", nah, it doesn't guess and predicts anything, it derives the principles and structures from the sequences of fundamental particles of the market - ticks, and it can be used fully on this fundamental resolution. This is the most fundamental principle how you can divide market activity without any subjectivity: waves and levels. Btw, indirectly, we also gain the interval size information by choosing the right resolutions, while interval auction theory disregards sequence of events (read my post about market & volume profiles). Why it all works It's a lil bit recursive kind of thing, you need to read all the statements below multiple times in different order, then your brain will start making the whole picture out of it, and finally things will come together, you'll feel that "snap" in your head. It's the best I can do. * Market is fractal => all the principles propagate through all the resolutions; * Market is a feedback loop, market is ALL of us together, that famous "composite operator" that Wyckoff tried to explain to people around him, that composite operator is All of us - the collective; * Each individual entity in the collective has different voting power = better you operate = better the market = more revenues & capital you have = more voting power you have; * We all have all the same data => we can gain as much information as there is in the data; * Data on every resolution has information where it is, it was, or it will be cheap or expensive, every1 gains it with different degree of precision, but essentially every1 gains the same info because it's the same market & same data; * The only thing that works all the time in all the cases is being an operator (a market maker) aka you buy cheap and sell expensive; * Market making happens on all the resolutions, be it 1 minute or 1 week chart, on the former it might be one dude with 100 shares, on 1W it might be 100k dudes with 100 shares, the collective is always there, even on yearly charts; * More data & information you have, the more question of "what's going to happen in the future" transforms into the question of "what IS happening NOW"; * market works on the principle I call "GTC Naive" (good till cancel Naive forecast), meaning that "the stuff's gonna continue the same way UNTIL there's an event/evidence that'll change it"; We all make the future, how can we not know what we're making ourselves if we have the info and exogenous factors are not numerous and secondary at best, and the system itself is quazi-closed? Still gonna try to analyze log returns? xD Everything is already decided, we've decided all of that ourselves having the same data & same info xdddd All the prophecies are self fulfilling prophecies by definition lmao, they are consequences of sequences of choices made by every1 through all the timeline. While loosing precision we gain generality => are able to understand what IS happening NOW. Not even contra intuitive aye? The good side point of all this is that now you can rewatch Matrix movies (all of dem) and finally understand the dialogs between Neo and The Oracle (the parts her telling him the choice is already made). Coming back to the theme, I share all this because I think that markets are sadly unhealthy, there's ENORMOUS room for liquidity provision for centuries to come on Ks of assets. Better we gonna operate, more clients = more volume will come to the markets => better for all of us. The last several things I wanna share: 1) You can approach designing an automated agent (a bot) by following principle, smth I call "sMATEs framework"; - s: selection of assets that will end up in your masterlist; - M: management - choosing between the most potent timeframes & assets within the assets in masterlist; - A: analytics, seeing what's happening on your chosen data, choosing the signal generation method aka strategy accordingly; - T: trading, generation the actual signals based on the strategy chosen before; - E: execution, processing & fine tuning the actual executions based on the signals; -s: sizing: choosing the quantities based on equity control and what the market can give. The two small Ss are the only levels where you need to use ML. Reinforced learning for sizing based on order book & equity chart of a given agent. Then you can use ML & AI to form the masterlist, based on what you want. Generally you're interested in action or as I say in MEAT (ain't no vegan bruh sorry). 2) Each market has its own main cycle set: set of properly chosen optimal resolutions & time frames & rolling window lengths (no, there's nothing to optimize there & no need in dynamic lengths). I think you can figure it out reading all the posts & studies I've posted lately. I can give a hint: if you want to divide smth, you always try to divide it by 5 first. If you can't by 5, then by 4. If you can't by 4, then by 6. If you can't by 6, then by 3. If you even can't by 3, then by 7. And omg if you can't by 7, then in theory it's by 2, but not on our planet with our modern time system. Look at the 2 centuries of S&P chart in this post and see what I see. 3) If you a coward, or an overconfident prick, or a cheater, or a lier, or a snitch, you wont't succeed. You'll succeed if you're real & legit, in this case it's only a matter of time. From there it seems like my path goes somewhere else, but this is the way, all good TV, was fun. Remember, there's no noise, only the truth
SP:SPXEducation
by gorx1
1
BITCOIN THE MAP Break the green line ... then all in! (with confirmed break out) . road to 100k bitcoin cant dies. to the MOON The live S.C. Corinthians Fan Token price today is $0.351174 USD with a 24-hour trading volume of $59,408.80 USD. We update our SCCP to USD price in real-time. S.C. Corinthians Fan Token is down 3.66% in the last 24 hours. The current CoinMarketCap ranking is #1351, with a live market cap of $961,454 USD. It has a circulating supply of 2,737,829 SCCP coins and a max. supply of 20,000,000 SCCP coins. If you would like to know where to buy S.C. Corinthians Fan Token at the current rate, the top cryptocurrency exchanges for trading in S.C. Corinthians Fan Token stock are currently MEXC, DigiFinex, and Chiliz. You can find others listed on our crypto exchanges page. The S.C. Corinthians Fan Token allows $SCCP fans to have a tokenized share of influence on club decisions, purchased through the consumer-facing platform, Socios.com, fans can engage in a wide variety of club decisions, for example, choosing a goal celebration song or deciding which MMA fighters should face off and in doing so, earn rewards and money can't buy experiences. Experiences like... having the opportunity to meet and greet with players of their favourite club, receiving VIP treatment at their favourite stadium & much much more. To obtain Fan Tokens, fans must purchase Chiliz (CHZ) Tokens via Socios.com which then can be used to buy $SCCP Fan Tokens. Fan Tokens are initially sold in a Fan Token Offering or FTO. FTOs are the initial sale of Fan Tokens which allows fans to buy the Fan Token at a fixed price. work in a similar way to flash sales and are designed to be a fair way for new partnerships to launch Fan Tokens on the Socios.com platform at a discount. At pre-launch a proportion of the total Fan Token supply is made available to users before being listed on the worlds first tokenised sports and entertainment exchange, Chiliz.net. This enables dedicated fans to gain early access prior to Fan Token launches which will be made accessible to everyone. The growing list of partnerships launching their Fan Tokens on the Socios.com platform include some of the biggest sport organisations in the world from the likes of major European soccer teams FC Barcelona, Paris Saint-Germain, Juventus, AC Milan, Manchester City, MMA giant UFC, NASCAR Roush Fenway Racing, NHL New Jersey Devils, Formula One Aston Martin, and the Argentine Football Association.
BITSTAMP:BTCUSDLong
by TrojanBible
$SAND - The Sandbox Road Map : Beyond Technical Analysis$SAND - THE SANDBOX On a Weekly Chart LONG POSITION -MOMENTUM STRATEGY - SWING 12.11.22 1221H +8 SINGAPORE Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. My Published Ideas are not 100% Accurate. Many given factors at a given time can change the forecast. ALERT: Forecast Entries for a BULL SWING. Long-Term Entries Only Smart money wants a REBOOT of 2018 and all is possible for the forecasted entries based on the character of the market Let us see how price action reacts on a DAILY chart to our BOXES. INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART (Bento Box) "Follow the white rabbit!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you. If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal of a trend. TARGET ZONE IDENTIFICATION: The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels Also includes the MAXIMUM TARGET EXIT AREA OF VALUE (Conservative) If price action and conditions are right at that given moment. NOTE: 1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time. 2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER. 3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE. 4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY). 5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology. Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term. Wishing you all The Best Trades and Thank you for your Appreciation and Support of My Work. Many thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge. Vive Le Autist!
KRAKEN:SANDUSDLong
by The_Crypto_Samurai
Solar panels etf green energy versus silver rocket!So the idea is based on a paired trade or what I think of as a hedged trade. Paired in that I am buying two things that I think may be correlated but both will not necessarily do well. If one does well the other may not do well and vice versa. My idea is to buy this solar energy etf as a hedge against all of the silver mining companies that I have perhaps foolishly invested in thinking that silver would go up one day! If I am wrong and silver remains depressed and even collapses further due to recessionary fears even a major depression perhaps, who knows. Anyway, if this turns bullish straight away which I do not expect but could happen then if we go over 130 on OBV and then find support there then I think go long there at least until proven otherwise. Otherwise look for support on OBV at 46 and if not there then 7.9 OBV. Worst case scenario if the world turns to custard, then it has to stop somewhere around -17.86. I would round it to -18 myself. On RSI we need to find support at 46, or 45, or 44. It may look like I am being indecisive but that is just where there is possible support levels. Below there on RSI there may be support at 39 and 36. We really need to break out of the downwards trending channel. I think breaking horizontal resistance will be more meaningful than breaking the trend lines of the channel. I think there is a very interesting looking triangle pattern that looks like it will break before 2025 or around that time at the latest. This then is my way of hedging my silver investments. Considering that silver is major component of solar panels and that if the price of silver goes down that has to be bullish for solar panel companies surely! Personally, I think that silver is hard to mine and is not that easy to find but with 70-80% of silver mined as a byproduct of other mining for base metals as well as precious metals then perhaps if there is a general boom in mining for green transition materials in particular funded by fiscal spending by governments buying votes through the green agenda then who knows it might work. Plus, if climate change is real and this is our do or die moment as a species it could all pan out. There's no alternative really. In terms of geopolitical events this could be a great hedge as well. If China and US have a war over Taiwan, then any investments in China could go down the tubes but once resolved then it would go back up maybe. China produces most of the solar panels in the world or at the least a high percentage. The main holdings in this etf many have Chinese names, so I am assuming that they are in China and probably in central Asia as well. Another thing that could be bullish is that volume is falling as price falls. It has based for a long period of time and there is potentially a cup and handle formation in the basing pattern as well. The fibonacci extensions are interesting as well. It found support at exactly the right place. It could be a bull flag.
AMEX:TANLong
by kylesutherlandsmith45
BTC just passed the test, bull is coming!btc will close the day >1.2 per cent. bitcoin just reached the last fibo resistence at near 18.5k usd, and it passed without sticking. after two weeks of slow recovery (0.1 per cent daily on avg), and two weekly inverted hammers (28 feb and 30 may), 0im sure the the price and buy volumes will rise on the next few weeks. BUT make sure of buy patterns, even with a few potential profit loss. it will test again near 30k, above that, may take less than a week, price will bull up. JUST BE PATIENT!
by CryptoBullInvest
Trade 9, UcadUSDCAD keeps on dropping, and apart from some retracements it hasnt shown any potential yet.. It did have me thinking though...almost enticing me to take longs..which of course I could have done but I'm trying to stick to my TFC...which showed pressure to the downside. As with Trade8, I waited for full TFC, I also waited for the Daily to be broke and then entered.. Yes....it's a longer wait...and yes when you look back you always think : " ..ooh...I could have gone in there! " Thats the hardest part isn't it....seeing your toys in the store and buying them on credit, knowing you can have it now...but It's a bad idea... Financials don't care about emotions...worse still...they don't care if you lose it all..
Short
by Michael_Aldan