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Quantstrategic

STI 3108 THEN WHAT?The STI continues its climb to test 3108. Pivot 2920 Long positions above 2920 to test 3108 and 3270 Short positions below 2920 for 2871 and 2813 Looking at the monthly chart of the STI since 2007, the STI has been in a broad range between 2580 and 3898. A break of 3108 will test the 2 year downtrend cap on price since 2018. A break and hold above 3270 most optimistically tests the 2018 highs at 3646 (20 percent upside). A failure to break 3108 will likely test the 2020 lows at 2199 (30 percent downside risk). An investor needs to consider the risk reward ratios when money is put at work. A range market poses considerable risk as there is no observable trend since 2007 to follow especially for those who look to build portfolios for the long term. Range markets favors the technical/swing traders and puts long term holders of stocks at risk.
TVC:STI
by gekkohot
SPX 4000? The long signal at 3471 on 051120 is still valid with on the daily charts with a pivot at 3653. On the 4hr charts, volatility is picking up with wide corrective moves and violent rallies. This is often symptomatic when equities grind to new highs with portfolio repositioning and sector rotation occurring (US banks are rallying as an example) Pivot 3653 As long as 3653 is supported, the SPX will continue to grind higher. A break of 3653 will test 3481 and 3380 The Technical Analysis of the SPX is widely used a gauge for traders and portfolio managers to seek opportunities in whatever geographical markets and financial instruments they managed. With multiple time frame bullishness and the technical picture of the SPX as of 080121, look for long term up trending equities that are making a technical breakout from a shorter term 4hr/daily set up from their corrective base. With the SPX rally since the October of 2010 post Lehman with a gain of 300% till date, a look outside of the US markets may have a greater risk to reward ratio.
OANDA:SPX500USD
by gekkohot
STI support at 2767A short signal issued on 301120 on the 4hr signals a pullback to test 2767 ST line on the dailies. This is considered a pullback as price is still above the cloud on the 4hr. Pivot : 2873 A Break above 2873 will test 2920 then 3108 A bounce below 2873 will test 2767 then 2671 The STI is bullish short term and medium term. A long signal on the weekly charts was issued on the 071120 at 2693 targeting 3108. The STI is still in a Long Term downtrend that started on 011018
TVC:STI
by gekkohot
SPX bullish all time frames. Support at 3509.The SPX continues to hold its bullish tone on all time frames and is attempting to retry its intraday high of 3674. Pay attention to the monthly supertrend line on the monthly chart currently at 3645. As we enter into the traditional year end Santa Claus rally, the bulls must break the supertrend line to the upside coming dec to maintain the rally into 2021. Failure to break and hold the supertrend line puts the uptrend in the ST at risk. Short term support at 3509 must hold. A break of 3509 will see a ST downtrend to test 3446 and 3325.
OANDA:SPX500USDLong
by gekkohot
SPX BREAKS 3333 TO TEST 3176A broad sell off across the globe started on the 281020. This sell off spark the SPX to break its Supertrend line at 3333 opening the door to its weekly Kijun support at 3176. The short signal was issued 2 weeks back on the 4hr chart at 3482 on 151020. On a birds eye view, the MT and LT outlook of the SPX is still uptrend. This move towards 3176 is ST in nature and corrective. 10% corrections are normal in the course of market lifespans. A break above 3389 will resume ST uptrend.
OANDA:SPX500USDShort
by gekkohot
6
STI BEARISH ON ALL TIME FRAMES. WATCH 2448.The STI short signal on the 4hr charts issued on 271020 gave traders 2 days to prepare their shorts and trim positions. The STI short signal on 281020 the day charts was the last line in the sand to trim positions. STI gapped down on 291020 to test 2448. A break and hold below 2448 will test 2200. Only a break and hold above 2509 will resume ST selling pressures. The STI has been on a MT/LT DOWNTREND SINCE THE SHORT SIGNAL WAS ISSUED ON THE WEEK CHARTS ON THE 5TH OF OCT 2019 LAST YEAR.
TVC:STIShort
by gekkohot