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Breadth Indicators

CANADIAN DOLLAR / SWISS FRANC (CADCHF) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
by Dinjin
1
S&P 500: Risk On for a V-Shaped (or Upward Sloping W) RecovyI'm calling a new Bull market, and that was born on April 6, 2020 when the S&P 500 broke out from the downtrend channel of the COVID-19 black swan event. I went long on that day and have been happy with the results, and now after the indices have survived their first major test of the possible new lows into earnings season, it does appear to be a risk-on type of environment. I've made some money from the second wave off of late March's bottom, but I've had butterflies. I took some profits and spent some time reading the wind, and the last 2 weeks have been a major retest of the indexes as they were rangebound for a short term. Now that the S&P and others have broken out, it's risk on again for yours truly. I'm personally look at AMZN (they report earnings tomorrow) as the canary in the coal mine if this V-shaped bounce off the March 23 bottom isn't just a very hard bouncing cat, but I think even Schrodinger would have a hard time telling if this kitty was alive or dead. You decide that for yourself. The price has broken above the 50 day average and is beginning a retest of the 200 and 252 days avgs (I like the 252, it's the avg of the trailing twelve months) is narrowing some, but that's natural after the first successful retest of a baby bull. This first dip stayed below a threshold of 5%, so didn't even touch the lightest of hand's stop loss. Long term stochastics show it moving into an established movement, and we're likely to run until a retest at 3150 which would be the peak of the February 2020 bull trap. I plan to take profits near that zone depending as we approach the apex of the ascending triangle where we could have a pullback anywhere from another 5% all the way to 15% or more. RSI shows we're not yet overbought (it's still early in the up trend for that anyway), but keep your eyes peeled and be ready to act quickly on fast, large moving changes in the coming couple of weeks. Any shocks or melt ups will likely be news driven, and the larger they are, the hard they are likely to snap back toward the center of the new trend channel with some momentum.
AMEX:SPYLong
by chuckination
6
Comparing bear flags on the S&P 500.The left chart has our current set of circumstances on the 12H settings and the right has the previous bear flag on the 4H settings. As this move matures we will have to look at higher and higher time frames to determine which one is controlling. The rising red arrow shows on both MACD histograms shows classic bearish divergence between the indicator and price action. The purple arrows shows hidden bearish divergence about to rip this uptrend apart. The 4h chart had a clean cross of the MACD and signal line while the 12h chart shows a sloppier move. The blue fractal is a lot harder to see scrunched off to the left but an honest look at the MACD required such. The trend lines should be very similar. The resistance held for many bars and then the price action pulls away at the bollinger band. From there previous support turns to resistance and we get a rough double top formation. A second test of the bollinger band at this new resistance and the uptrend is over. And finally the volume situation is similar. These chars are the daily for the left chart and hourly for the right. The formations have falling volume generally and the OBV and OBV 10 and 20 are clearly under the 100 OBV EMA. A very bearish situation on price action and volume action. Please see the linked post for some target setting and broader context.
FOREXCOM:SPX500Short
by This_Guhy
CRUDE OIL (USOIL) Weekly, MonthyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the weekly and monthly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
TVC:USOIL
by Dinjin
1
RICE FUTURES (ZR1!) Monthly, Weekly & DailyTrades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
CBOT:ZR1!
by Dinjin
BANKNIFTY STRATEGY - Based on Market Internals/ Breadth ToolsHello Fellow Traders, I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment. Just doing some technical analysis on Price action doesn't provide good results. Price action along with Volume gives a meaningful insight. But simple VOLUME information is not sufficient to take a directional view on the markets. A segmentation of POSITIVE and NEGATIVE volume gives a clear picture of the symbol movement. We can get the volume information FOR ANY STOCKS anywhere. But, VOLUME INFORMATION FOR AN INDEX ALONG WITH POSITIVE AND NEGATIVE VOLUMES are not available in normal trading platforms. We need to construct the VOLUME based on the underlying stocks(12 stocks for BankNifty). And this tool provides the exact feature. In a nutshell, 1) THIS TOOL PROVIDES BUY/SELL INDICATIONS on the BANKNIFTY based on the underlying stocks' PRICE AND VOLUME 2) THE VOLUME INFORMATION IS BIFURCATED INTO POSITIVE AND NEGATIVE VOLUME, WHICH HELPS IN DECIDING THE MARKET DIRECTION. Happy Trading! PS: It's an Intraday tool. Indications for the last 10 trading sessions. NSE:BANKNIFTY
NSE:BANKNIFTY
by mohamedmuzamil008
4
SPY Market Bottom? BUYING OPPORTUNITY!Hey there, please support this idea with your likes and follow me here on TV! Just as a quick update on Stocks. We are shortterm quite oversold on many indicators with longer term still more potential for further downside. SPY and many other stocks like TSLA are today on 9 BUY of the TI Indicator sequential! This is double 9 which means we already had a 9 and are now on a second. Strong buy signal for short to intermediate term trades. Cheers, Konrad
AMEX:SPYLong
by EnlightenedTrading
7