$SPX, daily Three Bull Traps. Prior two led to substantial 'corrections'. Will the March'21 Bull Trap have the same consequences? 3700 is the key pivot. SPX is still above this level, however, if it drops below 3700 in the next several sessions, this will be a major red flag. pic.twitter.com/zp5WURNTFS — Yuriy Matso (@yuriymatso) March […]
Chart of the Day – Wednesday, March 17th, 2021
$NQ, 1h 13250 – a very important pivot for Nasdaq. This level is exactly 61.8% Fibonacci retracement of the Feb-March drop. pic.twitter.com/GaQvyygmk0 — Yuriy Matso (@yuriymatso) March 17, 2021 Today’s Chart of the Day was shared on Twitter by Yuriy Matso (@yuriymatso). It’s a one-hour candlestick chart of the Nasdaq 100 futures over the past two […]
Chart of the Day – Monday, December 7th, 2020
This is Russell's 3rd multi-months break out in the last 20 years. The 2013 break out led to a 45% rally. The 2016 – to a 35% rally. Rallies lasted for 2 years. If history is to repeat, $RTY might reach 2300-2400 in the next 12-24 months. Small caps will continue to outperform! pic.twitter.com/ORTqma8Mrm — […]
Crude Oil Surges
WTI Crude Oil rallied over 14% today to close at $62.88 per barrel. This marks the largest single-day percentage gain for the commodity since June of 1998. On Friday we ran a Twitter poll asking which level WTI Crude Oil will hit first, $50 or $60. While 54% of respondents said $60, I don’t think […]