by the admin | Sep 10, 2021 | Articles, Education, Forex
As an American coming into the FX market was a weird thing. At the time, stocks weren’t stonks and didn’t always go up. The FX market was unregulated and there was crazy amounts of leverage available, meaning the industry brought out all kinds of unsavory...
by the admin | Sep 10, 2021 | Articles, Gamestop, Stocks
Can’t count the apes out. As long as the FOMC flow remains robust, the apes will continue to swing. When or even if interest rates come back, that might change but for now, people are taking crazy risk because the Fed wants them to do so. Don’t blame the...
by the admin | Sep 10, 2021 | Articles, Crypto, Ethereum
ETH/USD continues to coil, putting in another test of support at the same Fibonacci level looked at earlier this week. This is right around the 3350 level, which could be considered as a short-term psychological level, giving a bit of confluence to this zone. That...
by the admin | Sep 9, 2021 | Gamestop, Stocks
There’s a really excellent example of a gap fill this morning in Gamestop (GME). Game stop gapped down bigly this morning, to the tune of 18.71. Yesterday’s close, marked in red on the below chart, was at 198.36, and this morning’s open was at...
by the admin | Sep 9, 2021 | Articles, S&P 500 - SPY, Stocks
Stocks have pulled back a bit. After the early morning breakout, the S&P failed to hit the r2 zone and instead, pulled back. After breaching through s1, prices immediately ran down to s2 and are holding there now. This is a buy setup into the close, s1 initial...
by the admin | Sep 9, 2021 | Articles, Education, Forex
We’re social creatures, we just can’t help but notice what each other is doing. Even those that say that they don’t care about what others think; ya, well that’s a carefully crafted statement designed just to engineer what you think about the...
by the admin | Sep 9, 2021 | Articles, Crypto, Ethereum
Ethereum (ETH/USD) support is holding for now at the spot looked at yesterday, taken from around the 23.6% Fibonacci retracement. The bounce has been mild but perhaps most importantly, the selling has ceased and this keeps the door open for bounce potential.
by the admin | Sep 9, 2021 | Articles, EUR/JPY, Forex
EUR/USD is still holding above support after this morning’s ECB rate decision, still in profit from yesterday’s Euro setups. EUR/JPY has started to look a lot more clean, too, continuing the bearish engulf setup that was looked at yesterday. Bearish...
by the admin | Sep 9, 2021 | Articles, Cardano, Crypto
Cardano is right back to resistance after spilling lower earlier. The level in question is a Fibonacci retracement plotted at 2.6095. So far, it’s held three separate tests over the past day, each of which has failed. This has led to what looks like a dirty...
by the admin | Sep 9, 2021 | Articles, S&P 500 - SPY, Stocks
S&P bounces on the open, takes out ‘r1’ to open a bullish break and price is now heading for target 2, the ‘r2’ zone looked at earlier 452.81-453.06.
