priceprophet

priceprophet

Well, Last week, I was right - until I was wrong. Thanks to CRM and a Fed Chairman talking about "only a .25 rate hike", the market was behaving as forecasted.\ Why blame CRM? Not only did it manage to pull up on the DJI, it pulled up on the S&P (Since it is calculated into both averages). So, here we are - new week, new data and the data changed from last...

priceprophet

I warned ugly was coming. Ugly is here! Two weeks ago I issued a warning regarding a price break down to the zone we are currently in (4007.23 - 3867.02) - Welcome to the zone. Last week was violent in the emotions department with massive negative - then positive - then negative again swings. This week may (fingers crossed) play a little calmer. Last weeks range...

priceprophet

There be no bears here - only bulls! TIP: Using a stochastic with settings of 5 for %K and 5 for %D you can get an idea when prices are bowing into the dance. When bears become dominate, inverse ETFs become profitable. Interest rates rise, tech get's kicked in the teeth. HIBS: Entry (Stop-Limit) - 5.18 Stop Loss - 4.59 First target - 5.5 (+6.8%) Anticipated...

priceprophet

There be no bears here - only bulls! TIP: Using a stochastic with settings of 5 for %K and 5 for %D you can get an idea when prices are bowing into the dance. When bears become dominate, inverse ETFs become profitable. SPXS: Entry (Stop-Limit) - 20.45 Stop Loss - 18.85 First target - 21.36 (+4.6%) Anticipated target - 23.57 (+15.27)

priceprophet

This past week the bar was caught between the previous bar values which is typical of an adjustment to prices. The result was a close for the week in the lower 40% of the bar which adjusted the previous bar to a close in the mid section of the bar, or ~41.64% of the previous weeks range. This indicated indecision of a bearish nature. A potential test of 4007.23...

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The question is: Will the resistance mean from the S/R of 26 Sep 22 through the breakout of 24 Oct 22 hold. The mean value is: 3649. The current weeks retracement and enveloping, removing the last month, is targeting between 3554 - 3645. There is the potential for mild resistance around 3830. Since this weeks low was 3827 with a close of 3852, this level has...

priceprophet

SPY Weekly high is 370.26, the low pushed below the Sep 26 low of 357.08, SPY then BARELY closed above the Sep 26 low by .55 Prices had closed back into the box with a high of 379.46 and a new low of 348.11 With a 3 period box formed, the 3 period stochastic is at 30.37% of the range. With a move above the 30% mark, this is considered a challenge to 50% of range...

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SPX has received the “Kiss of Death” in the month of September. A consolidation range existed from Dec 2021 – May 2022 in which June closed below the support level and suggesting a potential move toward 3444.21. At the same time June closed below the 21 EMA, this set prices up for either the “Kiss of Death” or the “Breath of Life”. July closed back above the 21...

priceprophet

There is some discussion taking place regarding the divergence of SPY and HYG during the last few days and this divergence is a signal for marking the market bottom. I would like to point out while this generally is a true indication of a potential reversal/bottom (under normal circumstances). We are not dealing with normal circumstances. The same signal existed...

priceprophet

TSLA failed to close the month in a position which would suggest positive movement. TSLA is currently caught within 2 areas of price consolidation. Consolidation Range 1 is the larger of the two, it is currently 11 bars in length and the range is between: 206.86 – 414.50 Consolidation Range 2 is the smaller and tighter range, it is current 5 bars in length and...

priceprophet

The SPY has entered the danger zone on Friday Sep 23, 2022. The Danger zone currently appears to be holding the prices, however the weakness of the week can potentially continue and force the failure of the zone. The close of the week was 17.91% of the weekly range and was very bearish. 66.91% chance of continued declining movement. The current weeks range is...

priceprophet

The DJI had entered the danger zone on Thursday Sep 22, 2022. The Danger zone failed to support the prices the week closed with a break-thru below the support. The previous weeks range is ~1176 points. Potential of a ~30% rally of this range (~532 points) to establish the high for the week. With a potential failure of ~ 70% of the range (~1243 points) to...

priceprophet

A broken support level with a potential target of 11745.

priceprophet

TSLA between November 21 and May 22 formed a rather large S/R Zone of 207.64 points (between 206.86 – 414.50). At the current date, September 23, 2022 (before open), the stochastic should be set at 11 periods on the monthly. There have been 11 bars in the formation cycle of this zone. When October begins, the stochastic should be increased by 1. There also...

priceprophet

SPY created a S/R Box between 362.17 - 431.73. There was an adjustment bar formed in July. These generated a weak point (danger zone) between 362.17 - 371.04 Should you set your stochastic to be the width of the box that was created (currently 4 bars), Jan - Apr was also a 4 bar box. When Stochastics move below 30, it is an indication that it is about to...

priceprophet

Appears that the DJI is currently in the pocket for either a potential point of consolidation of prices and a bounce off of the 200 MA, or a consolidation of prices and a further push to the downside. I personally am looking for a bounce back toward the 55 MA. -PP

priceprophet

Trend Analysis: The current trend is defined by the last price and it's relationship to specific moving averages. Check the MA strategy for more specific suggestions. Weekly: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions Price Action: Weekly: The average price range currently is 66.61...

priceprophet

Trend Analysis: The current trend is defined by the last price and it's relationship to specific moving averages. Check the MA strategy for more specific suggestions. Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions Price Action: Weekly: The average price range currently is 3.52...