Downloading...
Download

SPI

ASX 200 futures (SPI 200) stablising around 8200The ASX 200 futures market has fallen close to 5% from its all-time high, with 5 of the 7 candles since the top being bearish. However, the daily RSI (2) reached oversold on Friday, a bullish pinbar formed on Monday and a small bullish divergence is now forming on the daily and 1-hour chart. The pinbar low also found support at a weekly VPOC (volume point of control) and weekly S1 pivot. Given the selloff came in a relatively straight line, I cannot help but suspect at least a minor bounce is due. The near-term bias remains bullish while prices hold above last week’s low, and bulls could seek dips towards 8200 / 8191 VPOC area. 8300 and the weekly pivot point at 8345 could make viable upside targets for bulls.
ASX24:AP1!Long
by CityIndex
ASX dragged lower by the DowThe Dow Jones futures market fell for an 8th consecutive day on Monday, a bearish sequence not seen in over 12 years. And that's not good news for ASX 200 bulls, as the index tends to track the Dow very closely. The daily chart looks like it wants to head to 8200, and it just 1 - 2 bearish trading days away from it looking at a typical day's range. The 1-hour trend has favoured bearish swing traders, who could seek to fade into moves towards the 20-50 hour EMAs.
ASX24:AP1!Short
by CityIndex
ASX futures snap 9-day streak, further downside loomsYesterday I outlined why I was suspicious of the ASX 200 rally, and today I see it has now retraced. The ASX 200 futures market snapped an 11-day streak after forming a bearish pinbar perfectly at a 78.6% Fibonacci level, below the 8,000 handle. Volumes have been declining during the entire ‘rally’ which shows a lack of bullish enthusiasm, and potentially points to a deeper pullback. A bearish trend has developed on the 1-hour chart, and the support zone ~7917/25 has now been respected as resistance. The bias is to fade into rallies towards that resistance zone in anticipation of a move down to 7860.
ASX24:AP1!Short
by CityIndex
ASX 200 futures test their luck below resistanceI see a common connection when looking across Wall Street futures, ASX 200 and the Nikkei. They're all retracing higher after a large drop and grinding their way towards resistance levels. And that could appeal to bearish swing traders. ASX 200 futures (SPI) are within their 8th day higher. And as they have only recouped around 2/3rds of the drop rom the fall the record high (and over a longer timeframe than the drop) I suspect a swing high is due. Note Tuesday's doji, and subsequent price action has traded in the upper wick of that doj. A resistance cluster hovers around 7873 - 7900, and we favour fading into any moves towards it with a stop above 7700. Bears could target just above 7700 for a downside target.
ASX24:AP1!Short
by CityIndex
1
ASX 200 hints at Turnaround TuesdayStock markets took quite the beating on Monday on fears of a US recession, and speculation that the Fed may be forced to cut rates as soon as next week. A stronger-than-expected ISM services report slowed the bleeding before Wall Street indices recouped some of their pre-session losses. Nikkei futures have since risen 10% from Monday's low, which could bode well for the ASX 200. SPI 200 futures saw a false break of the April low and held above the Feb low. A bullish divergence has formed on the 1-hour chart and prices are trying to hold above the weekly S3 pivot. Dips towards 7500 could appeal to countertrend trend for a move up towards 7700.
ASX24:AP1!Long
by CityIndex
1
ASX 200 futures hints at another leg higherThe sharp fall from its record high remains the dominant feature on the daily ASX 200 futures chart. Whilst this is likely to suppress appetite for risk for some time, Tuesday's bullish hammer suggests bears are in need of a break. The false break of the April low has been followed by a higher low and higher high on the 1-hour chart. Prices are now trying to form another higher low, so dips look appealing for bullish setups down to 7555. 7700 is the next upside target near the 38.2% Fibonacci ratio, although there is also a resistance cluster between 7767 to 7794 which also seems reachable. Whether it can extend such a move really depends on appetite for risk elsewhere.
ASX24:AP1!Long
by CityIndex
1
ASX 200 bulls eye 8000The ASX 200 futures contract (SPI 200) snapped a 3-day losing streak overnight, and with Wall Street trying to shed last week's losses and the Nikkei and Hang Seng finding support, we suspect a bounce could be due for the ASX today. The daily chart found support at the 20-day EMA and monthly R1 pivot and closed back above the May high. It is now within 1-2 day's trade form the 8k level. The 1-hour chart shows a liquidity gap between 7950 - 8000, and with bullish momentum behind it we could find that area acts as a magnet to fill the gap towards 8000. Bulls could seek dips back towards the May high for longs up to 8000, although without a fresh catalyst it seems like a tempting area for bulls to book profits.
ASX24:AP1!Long
by CityIndex
2
Shopping.io - $SPI - Bottoming Out and Starting to Turn Back UpI'm a big fan of the Shopping.io project and team. They have a lot of big things going on and constantly releasing updates. The chart is showing a breakout from the downward parallel channel and holding support at $115. This tells me that we are getting ready to see it grab some upward momentum soon and I expect it to test ATH in the next month or so. Lots of upside with what seems like minimal risk. =================== DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions. ===================
SLong
by brendanwenzel
Shopping SPI 722$ or 1025$ Hi everyone, Shopping looks pretty good with it's low supply and all the demand right now. Even if we think SPI is pretty high IMO nothing to compare to what's coming. Nice W pattern right now, and a retest of the neckline. Here a some exit target for this W3 in blue. 161.8% : 466.38$ 261.8% : 722.17$ (my favorite) 361.8% : 1025.47$ (my favorite) Also please note that both Cycle W2 (Blue) and Main W2 (yellow) retraced very strongly which mean that we should retrace both W4 between 0.3 and 0.5. I think iam pretty realistic in this analysis cos this Cycle W3 in blue can easily go to 361.8% at 1025$ Best to you everyone ! Thanks for leaving a thumbs up if you like or even a comment. It's really appreciated.
SLong
by Crypto_Mercy
1
Meyer Burger Rejection, 1 CHF or a 40% retrace?!MBTN recently rejected a few levels. Yearly horizontal, 0.236 Fib and the "local" monthly combined were acting as a huge resistance. Combined with the massive run since March 2020 Crash, a retrace made sense and is healthy. A retrace to 0.25 Chf would make sense, that's where I initially entered the trade and also bought Call Options. Although it would make sense technically, a 40% retrace seems unlikely to me in the current environment with green energy, MBTN's new business plan and ambitions. If I was looking for an entry into MBTN, I'd observe the latest resistance I lined out above. Once claimed, it can see a healthy run up to 0.66 (Key-Resistance/Support) and up to 1 Chf which is the Golden Pocket pulled from the last high. The trend remains bullish, no need to think otherwise until proven wrong.
SIX:MBTNLong
by CrossLevMaster
1
$UONE The $SPI $SUNW of next Week? The Catalysts Say Bigger...Let’s compare: $UONE 1,600,000 O/S 980K Float $SPI 15,000,000 O/S $SUNW 16,000,000 O/S You do the math. We went from $2 to $50 last time on absolutely no news. Trump announcement of $500,000,000,000 into Black communities announced near the end of trading day on Friday kicked off a 100% into the close of A/H's trading, closing near $8 from $4 I anticipate a move to $50+ by Tuesday. Last time it took about 2 days to get to $40 and 5 days to get to $50 I believe it will be alot faster and harder this time around. We could possibly even see $70 when this is all said and done.
NASDAQ:UONELong
by StockGuild
SPI sees its 50-d moving average cross bullishly above its 200-dThe 50-day Moving Average for SPI moved above the 200-day moving average on August 31, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend. Current price $14.00 is above $1.85 the highest resistance line found by Tickeron A.I. Throughout the month of 08/21/20 - 09/23/20, the price experienced a +929% Uptrend. During the week of 09/16/20 - 09/23/20, the stock enjoyed a +1067% Uptrend growth. Current price $14.00 is above $1.85 the highest resistance line found by Tickeron A.I. Throughout the month of 08/21/20 - 09/23/20, the price experienced a +929% Uptrend. During the week of 09/16/20 - 09/23/20, the stock enjoyed a +1067% Uptrend growth. Technical Analysis (Indicators) Bullish Trend Analysis The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future. The Momentum Indicator moved above the 0 level on September 15, 2020. You may want to consider a long position or call options on SPI as a result. Tickeron A.I. detected that in 48 of 55 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 87%. The Moving Average Convergence Divergence (MACD) for SPI just turned positive on September 16, 2020. Looking at past instances where SPI's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 22 of 26 cases over the following month. The odds of a continued upward trend are 85%. SPI moved above its 50-day Moving Average on September 23, 2020 date and that indicates a change from a downward trend to an upward trend. The 10-day Moving Average for SPI crossed bullishly above the 50-day moving average on September 23, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 5 of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 71%. Following a +19.80% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPI advanced for three days, in 94 of 106 cases, the price rose further within the following month. The odds of a continued upward trend are 89%. Bearish Trend Analysis The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon. Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%. SPI broke above its upper Bollinger Band on September 23, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The Aroon Indicator for SPI entered a downward trend on September 16, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
SLong
by AlTorress