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Тrading diary / Position trading, Swing trading, Daily trading / Technical analysis Дневник / Практическо приложение на технически анализ / Споделяне на идеи
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Hello Traders!
I have started the Blog with the idea to concentrate on technical analysis and signals. Any questions, ideas, opinions, and comments are welcome.
Здравейте трейдъри!
Стартирах блога с цел да се концентрираме върху техническия анализ. Всякакви въпроси, идеи, мнения, коментари са добре дошли.
I have started the Blog with the idea to concentrate on technical analysis and signals. Any questions, ideas, opinions, and comments are welcome.
Здравейте трейдъри!
Стартирах блога с цел да се концентрираме върху техническия анализ. Всякакви въпроси, идеи, мнения, коментари са добре дошли.
Thanks. And how about Gold and gold miners? It seems they both get short term bottom? For XBI, rebound should finish?
ReplyDeleteGDXJ looks like finished impulse lower so some retracement higher expected.
DeleteXBI shouls move lower wit the indexes.
Thanks. I appreciate the general market (S&P 500-Nasdaq) comments and analysis the most. It seems like there are a disproportionate number of gold followers here. I hope that they realize that Bitcoin and the like are a new factor in the gold pricing equation - a chance that traditional behavior may not be the case in the future.
ReplyDeleteYes. it is a little bit like old generation which sees gold as a store of value and the new digital generation.
DeleteBitcoin is a mania and will end like every mania, but all this blockchain and digital currency idea will stay.
The governments will switch from paper to digital currency definitely - the reason is simple much more control over our money and they like control:)
The question is if they will be an independent currency not controlled by any government then it will be interesting and this will be an alternative to gold.
What r ur targets for spx on this correction?
ReplyDeleteThanks as always for sharing your skill
At the moment I am watching 2320-2350, but we will know more when we see the move developing.
DeleteKrasi, how on earth did you get to 2490? Spot on man! Nice work
ReplyDeleteEverything runs great as expected. Do you think SPX would get rebound in short term around EMA50 here 2446? Thanks.
ReplyDeleteIf we have an intermediate term top it should be only a short pause at this level. The price should move below it and test it again.
DeleteThanks. That's reasonable. Any expectation about the current down wave target? If this is the intermediate term top, what's expectation about VIX spike? to 20? About gold miner should also go down along with SPX although xauusd is building the top around 1300?
DeleteI expect something between 2320-2350. VIX - I have no idea how to measure moves probably something between the highs from Sep-Nov.2016 20-22.
DeleteI think gold miners should move higher in August.
Krasi! Genius, thanks for updating us right on time, I owe you 2 beers and a dinner in NY now!
ReplyDeleteWatch out what you promise, I may request my beer if I visit NY:))))
DeleteKrasi, Do you have a view on RUT? it seems so far advanced relative to the other indexes, I was expecting something around 1350 for wave 4, but it's so close already while SPX is so far from its target...just curious if you were expecting a lower level than 1350. Thank you in advance!
ReplyDeleteI think RUT will test support between 1310-1340 before the correction is over. The problem is at the moment we have a-b-c lower to MA200 and I can not say if it will bounce higher for more complex correction or just move a few more days lower to test support around 1340.
DeleteHi Krasi,
ReplyDeleteWould love to hear your target on xbi.
Thanks,
Kali
It looks too much like a-b-c from the top. One more low to finish c and there is support around this levels 73. After that probably higher to test MA50.
DeleteDo you think qqq has another leg too go as well?
DeleteQQQ - if the current bounce stays below 142,70 we have an impulse and I expect one more low in the 140 area the retracement to the 143 area
Delete