TECL LongThe true Strength Indicator is one of my favorite indicators. The True Strength Indicator has crossed upward. I feel that TECL is going to increase in price. Follow.
ETF market
Wedge Down on XLFAs seen on the graph, the price of the XLF ETF is creating a Down Wedge pattern. We recommend placing a long position.
Symmetric Triangle on XLFA symmetric triangular pattern is forming on XLF, on this pattern depending on how the price breaks, two different positions can be placed.
Ascending Channel in XLFIn the chart of XLF we can see and ascending channel, in wich we can open a long position.
Prem's prediction (GOLDBEES)As market is in side trend price will be fluctuate between 3227 and 3498.
SLV Silver expected to reach 18.1With the entry of SLV (Silver) into resistance zone of 17.2 - 18.1, we can see a rise to 18.1 where we have strong resistance.
Gold (GLD) can fall only by 2%. Strong bull trend- medium term.Gold ETF can be used to see the trend of Gold. The way jump from sub 140 level to significantly higher than 140 at 143 has taken place in early August, we have signs of the overall sentiment as strongly bullish. With RSI hovering around 60 in past 2 months, it is evident a strong uptrend is present. At the moment, we can see the strength declining and we can expect a fall to 141.5 and further to 141. If we breach 140 in coming week, we will have strong support at 135-137 zone.
Gold clear breakoutGold is trading above its multi year high and considering other global factor looks safe bet to equity for next 1-2 years
SPY downpy has continued this rally now for 11 years straight , now it's time to prepare some shorts on it, Most probably in a month or two we can see it down dramatically. And we have hit fib target.
Shorting SPY with SL at 292.75Buy SPY 292 Puts expiring tomorrow at $0.80. Likely to break the support below.
nifty etf - lifetime high nifty bees trading at life time high, showing no fatigue or reversal sign as of now
expecting to hit 1300+ level
hidden bearish divergence This counter rally is running into a hidden bearish divergence. Volume is declining. The trendline breakout didnt bring in a lot of buyers. I expect the stock market to go down, trying to continue it's downtrend.
Going straight back to the all time high without looking back would be very surprising.
Gold in INR terms: Expecting a fall to 2670 levelsThe chart is of Gold ETF of UTI, India. at the moment, moving in a downward wedge. We have a high chance for price to go to 2670 levels which is also where green trend line will support it. We may get a reversal from that level.
POTENTIAL BREAKOUT GOLDBEESStocks nearing 200 day high by 5% & showing consolidation for the past 30 days with volume above 50 day average
