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Moving Average Convergence / Divergence (MACD)

SPY again shows bear control till end July or AugustBloomberg (or was it Reuters?) predicted in November the economy would be moving sideways in a correction phase till mid-autumn 2016 at the earliest... Seems correct so far The head and shoulders is a bit obsolete but still can be considered a vague indicator of the direction (based on volumes). Fibonacci levels are agreeing between the different peaks and valleys since last year. MACD is showing strong signs of falling back to zero in the very near future. Stochastic is well above 100, RSI is close to 75, and CCI is touching on 100. These are obvious bearish indicators. The last time this occurred was roughly November 2nd, 2015; it resulted in a slow and chaotic slide for the next 38 days till macd reached 0, followed by the final drop down to late January levels. The final concurring indicators was the Fibonacci levels (.23) arriving where the 200sma (weekly) is on track to be... Early August. (Election Season will only make the end more interesting). Good luck out there
AMEX:SPYShort
by Bwinks
EVHC bear cave next few daysAgain, most indicators are leading to a correction; I'm going short. With the recently tested 23.66 resistance, plus the blue downward-slopping warning line from the pitchfork, I'm guessing the price action in the next few days won't go above the 23.66 price point. The hourly and daily lower indicators (macd, rsi, cci, slow stoch) are all showing a possible correction in the near future. I'm guessing till the start of May. I'm noting the first reaction line is around that end time point, so it might reverse soon thereafter.
EShort
by Bwinks
SKX Upwards to 30.75 next 35 daysSynopsis: RSI, Stoch, MACD all point to up trend. (Strong signal) Fibonacci confirms strong levels of support (26.70) and Resistance Pitchfork showing downward and sideways trend, with price on the median. Fib arcs show upcoming resistance zones (counting one we just entered) I labeled the action reaction lines to help better understand what I was and am measuring to. Expectations (Long): 4/11: Upwards following 1.618 underarc. some resistance at 0.236 arc 4/12: minor sideways and down movement along 0.236 arc, moving towards pitchfork median 4/13-14: moves up to 0.382 arc 4/15: Moves up towards 0.786 fib resistance line, .5 fib arc intersept 4/18: moves upwards to Reaction Line 2:1, Fib spiral, and .618 fib resistance level. 4/19-21: retraces to 0.786 fib support 4/22+: Upwards past 0.5 fib resistance, back towards Reaction Line 2:1 resistance
NYSE:SKXLong
by Bwinks
Bull/Bear CRC(Oil) DependsStrong signs of upward mobility, strong indicators of bear territory. Andrews Pitchfork Downward over the long term. RSI, CCI, Stochastic are showing reversal from bull to bear. Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so. Touch on the 2.09-2.20 resistance region. Upper resistance at 0.618 pitchfan level. Upwards Schiff's pitchfork. Fin Spiral is much further off to show reversal (if it's any confidence, i'm doubtful) Lower support at 1.81-1.75 region. Lower inclined support from 0.5 on the pitchfan.
NYSE:CRC
by Bwinks
My dataminer is stating bull, but i'm only seeing bear (next 3 dMy data miner is showing high probability, based on last 20 years, of VOD going up Longterm neutral Andrew's Pitchfork at roughly 33.50; Shortterm schiff's pitchfork bullish (and below price action); Showing strong support/resistance at fibonacci levels ActionReaction showing a downtrend yet realized that should end around 4/22. Fib Arcs showing strength by trends; both showing downward arc resistance. All Bear news on MACD, Stoch, and CCI. Let me know your thoughts
NASDAQ:VODShort
by Bwinks
EURGBP, Long based on EMA, RSI, Fibonacci and MACD, 4h chartEURGBP Has had a retracement form the current uptrend, and has seemed to flatten out, which is a sign of reversal. The point where the price has flattened out is at fibonacci 38,2, as well as between EMA 100 and EMA 200. The price has respected these EMAs multiple times earlier. MACD are starting to show bullish signs, as well as RSI is struggling near oversold zone, on a support where it usually has been rejected. Will be using Fibonacci 38.2 and 50 for entries, with previous top as TP. Level below EMA 200 will be SL. Enter at market: Entry: around 0.794 SL 0.785 TP 0.81 Order: Entry: 0.789 SL: 0.785 TP: 0.81
Long
by AndreM.Moldegard-Eriksen
Long trade w/ 4 entries, NZDUSD 4hNZDUSD is trending up, with EMA 25/50/100/200 showing uptrend, as well as RSI trending up, MACD having a reduction of short pressure and SM is trending up with higher tops and higher lows. As such I will enter one position at .696, as well as a three orders at fibonacci level 38.2, 50 and 61,8. These fibonacci levels are close to the EMA levels, which should provide extra support. TP is aimed at previous top, which is .705. Entry 1: .696 Entry 2: .694 Entry 3: .69 Entry 4: .687 TP: .705
Long
by AndreM.Moldegard-Eriksen
EURCAD cleared trendline support (medium term)Canadian dollar pushed the Euro below the 1.4570 level and a key 12-month rising trendline. Follow-through will be driven by a lift from oil prices, Canadian unemployment data from last week should continue to provide momentum. Participation from Euro depends on Thursday CPI data and continued rally in equities. Placed a short at 1.4570 with a stop loss at 1.4719 Target is the 50% fib level at 1.4110, giving a target profit of 460 pips. Will look for retest of trendline support and support becoming new resistance
Short
by Carrero
1
EURGBP Bearish Retracement Down Within a ChannelFX:EURGBP This pair invalidated my bearish prediction last week due to fundamentals pushing it up. At this point, I think it can't ignore the technicals and will have to go down a bit before continuing its movement up within a channel. It is overbought on multiple indicators including RSI and Stochastic and there is a clear long term MACD bearish divergence. We can also see a reversal candle pattern that has been displayed recently to further confirm expected move down. I will be opening a short term short position and will hold it until it reaches target price or shows bullish signs.
Short
by Ambipath