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SOY

SPY - new Harmonic pattern propagating?Hello, Here are some fractals that fit the support and resistance levels nicely, from a few time frames (the longer the trace, the larger the time frame it was found on). Of course, we are always watching for the orange pattern to re-play. The purple one is exciting, because its original was just last week, and quite a bit smaller... so the vectors that connect is are broadening like a megaphone. If it plays out, that would be a strong sign that the bearish forces that just established their pattern at the peak, would be dominating the argument, and this could indeed lead tot he orange trance playing out. The turquoise is also quite likely, as our markets are kept afloat through financial games of governance... so be careful betting against the federal reserve and the central banks ;) Good Luck!
CME_MINI:ES1!
by DHLawrence
2
Soybeans - Short IdeaI see price has had a great run up, this is the 4H chart but the daily is speaking to me. Price has confirmed by a small pullback and now showing rejection at the 50-61.8% Fib levels, price showing an engulfing pattern at those levels. Soybeans is a touchy commodity, I would think.. like all commodities right now, more upside.. but certainly room for a relaxation of price here, 2:1 tucked in before hitting the 4H 200 EMA. Its a solid short setup... that is all we can do, take good setups and manage risk...rinse & repeat. 1% Risk.
OANDA:SOYBNUSDShort
by MattArmstrong
1
Stock Market Analysis - $SPY $QQQ $IWM $VIX - 4/13/2020Every few days I make it a habit to post my thought of the market conditions and my thought process as a swing trader. The point of this analysis is when I am analyzing my performance, I can look back to see what I was thinking and what kind of improvements should be made to my analysis. So far it has been extremely beneficial to write down my thought and publishing it on Tradingview forces me to care about the quality of each post. I highly recommend it even thought you may not be confident about your own analysis skills. Posting your thought is mostly for you as a journal - you could also make it a private post. This past short trading week we had a very bullish continuation in this bounce. We managed to trend higher with a bullish short and intermediate term trend. Looking at SPY on the 65m chart, we are in a clear uptrend with a rising 5DMA and 20DMA. Both these moving averages indicate the direction of the short term and intermediate term trend respectively. We are still below a falling 50DMA therefore the overall longer trend is still bearish and I expect this area to become a level of resistance in the future. Last week I called out 260s as a level to watch and we clearly broke above and held this important resistance. I ended up going long ZS, DOCU, and AHPI last week due to this continuation move. Although the action is clearly bullish, I would be wary about how much further this can go. Right now, we are in a very extended bounce therefore although I am overall long, I am still taking smaller bites that usual in case this trend runs out of juice abruptly. QQQ is currently hitting the all important 200DMA here. Like SPY, QQQ has been in a pretty extended bounce and I would not be surprised if QQQ starts to come back down from here. Picture has improved on the weakest index IWM. IWM is currently up 29.5% off the lows, an already impressive bounce. Next important resistance to watch is 125s. VIX continues to downtrend in a clear down sloping channel. This is continued action from last week. Overall, long side trades should be taken but I would be careful chasing into this extended bounce. We are still long term bearish therefore start with small bites. I would want to see some kind of intermediate term pullback before we breakout again for some bullish action. Furthermore, the past few up days have been on relatively low volume. Bottoms are always marked by multiple high volume followthrough days which we have not seem much of yet.
AMEX:SPY
by Trader_Kaji
Betting on China- Possible double bottom on soybean futuresBank Of America CEO and some other people are trying to tell us that china manufacturing is coming back online and their whole economy is recovering. So based on this apparent fact, we can make a safe bet that we could see a possible pump on soybean buying. especially with the devastating storms in the east coast and the bad weather in south america. That's going to destroy the supply of soy bean as mounting demand come back. Now this is all based on the factor of china economy recovery and the weather taking out soy bean farms. Entry 858 1st Target 868 2nd target 882 stop loss 850
CBOT:ZS1!Long
by WallSt007
A speculative hedge against Soy.Now, generally, I think giga-shorting indices as they push all-time-highs every single day is a bad idea. Trends shall remain irrational longer than you can remain solvent, the Federal Reserve is incessantly printing away your purchasing power which means there's more money to pump your stonks, and trends, namely the centuries-long bull trend, have been so permanent in the legacy markets that bears are either cocky and un-informed, or they've lost the majority of their market shirt already. Linked below as the related idea is my thesis on the upcoming economic recession which won't show up much on the index charts. However, sometimes speculative hedges are necessary and as we head into the holiday season, the consumerist mania increases as does the mental illness and the $soy. Utilizing some deep proprietary magic with the 1.618 fib as a confluence tool for surgical position leveling, I have marked all the levels and level clusters otherwise I've deemed important, giving us a nice picture of the market field ahead of us. Looking for an extreme blowoff top for the best possible risk/reward, earlier entries are also acceptable, but the stop leveling is very important. Sketched out with the pen tool is how I would see it breaking down into the levels below. A hedge is just a hedge, and betting big counter-trend is one of the riskiest things you can do. Stay safe out there, keep your people safe, and dodge the $soy.
CME_MINI:NQ1!Short
by UnknownUnicorn719792
1
SOYBNUSB Long and ShortLooking at the long term chart, soybeans are poised to make an aggressive move to the upside. However, this can happen in two flavours: a failure at the 9.224ish level followed by a correction and an extension of the building divergences, or, a break past that level followed by more upside. If the price hits the aforementioned price target and stalls out or piddles across on low volume / weak price momentum, then it would be wise to go short. At that point, soybeans will likely retest the 8.061 level and power on up from there. The other scenario is that soybeans cross above on a decisive move and continue further. There may be a pull back and retest of the wedge's current resistance but either opportunity will provide an objective long entry. For this trade, SOYB will be the vehicle of choice.
OANDA:SOYBNUSD
by BigMouse777
2
Soybeans Fake out?Like what I am seeing here on Soybeans. We have a fake out indicated by the long wick at a very big support zone which can also be seen on the longer term charts. This interests me because of the long downtrend with multiple waves we have been in. You can also say we have created a double top too. Waiting for a break of the lower high swing and also a flip zone at 8.51. Will provide more context and confluence for out trade. Many will be inclined to stay away due to the US-China trade war. However, China NEEDS food. They have had their pig population decimated due to the flu and the government is subsidizing pork prices. They do have a food problem and even though tariffs may be implemented, China requires food. Brazil and Russia may be the agricultural winners here.
OANDA:SOYBNUSDLong
by Uncharted-FX
2