Momentum shift in #BTC $BTC.X pic.twitter.com/MnNujciGLn — Rolando Santos (@TKPTrader) February 7, 2022 Today’s Chart of the Day was shared by Rolando Santos (@TKPTrader). We highlighted this chart last week, but a lot has changed in that short time. Over the weekend, Bitcoin reclaimed key support around $41k (red line) and it continues to trade firmly above it around […]
Chart of the Day – Tuesday, December 8th, 2020
Nasdaq 100 technically overbought for the first time since early September pic.twitter.com/JvonmbYeLM — Sarah Ponczek (@SarahPonczek) December 8, 2020 Today’s Chart of the Day was shared on Twitter by Sarah Ponczek of Bloomberg (@SarahPonczek). It’s a daily bar chart of the Nasdaq 100 over the past year. The Nasdaq closed higher for the 10th consecutive […]
Chart of the Day – Tuesday, August 4th, 2020
Friendly reminder that overbought is a good thing… “regime change?”$GLD $IAU $GDX pic.twitter.com/FwMnU0lCx2 — J4 (@J4_doji) August 4, 2020 Today’s Chart of the Day was shared on Twitter by @J4_doji. It’s a weekly candlestick chart of Gold over the past two decades, along with a 14-period RSI indicator in the lower pane. Gold Bugs celebrated […]
Chart of the Day – Monday, July 6th, 2020
China $SHCOMP daily RSI hit 88 today, one of the highest of all time. In the 30 years of this index, extreme momentum was very rare – associated with the early stages of massive rallies. Looks like the summer could get hot. pic.twitter.com/TL7zvEVTdA — Macro Charts (@MacroCharts) July 6, 2020 Today’s Chart of the Day […]
Bearish Undertones
“Risk happens fast.” Or whatever the smart alecks in the media and Twitter say. But it is hard to deny that there are some bearish undertones to the market these days, at least over the short term. Is it because someone Tweeted something? Is it because of interest rates? Is it because of the US […]