Upside Targets for SPX Running Out of Gas

After puking the day before the S&P 500 ripped higher on Friday on better than expected economic data.  The volatility has been wild for sure and the question is where can price go if we see some follow through on Monday
Upside SPX Target
What is great about taking out a major support level is it makes for a nice clean resistance target.  As you can see in the chart below the prior support area of 2580-2560 is our clear upside target now.
Price will either rally to this point (assuming we move higher), test and bounce off of it before going lower

Why I Say “TURN OFF THE TV”! $AAPL $SPX $QQQ

The TV and talking heads on CNBC, from an intermediate to longer term perspective, may be some of the worst real time advice that is available to the mainstream today. You have to understand that they are making money off your clicks, and off your views and even the “Best” are mostly only good at “buying and holding” Let’s take a look at $AAPL over the past few months.

I have marked an area of $AAPL that, infamous Buy and Hold investor, Warren Buffett claimed to the world that the iPhone was greatly undervalued. Berkshire Hathaway is now currently 25% long

Bitcoin Technical Analysis: PRICE RISES BUT VOLUME REMAINS WEAK

Bitcoin has broken out of the wedge it’s been consolidating in over the past couple weeks. It’s risen from $3,690 to about $3,900 at the time of writing this post.

We aren’t yet seeing the kind of volume we need to sustain a bull run. Currently overall volume is just above $5.2 Billion. I’d like to see it at least above $8 Billion on a consistent basis.

Shorts have dropped, while longs are stacking fairy significantly. If longs continue to rise and volume remains weak, market makers may drive price down to liquidate these new long positions.

In today’s video analysis I discuss,

Is Bitcoin Setting Up For an Explosive Move to Bring in the New Year?

Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

Bitcoin continues to consolidate just above of the $3,800 support on Coinbase. Volume remains low overall, which is a bit concerning. Price is being squeezed as the bulls and bears fight for control. I wouldn’t be surprised to see a larger move in the next 24-48 hours.

Looking at the daily chart, we see price is hovering right on top of the 21 Day EMA.

In today’s video analysis I discuss, various scenarios to prepare for, where price may be heading next and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM

Bitcoin Technical Analysis: Watching and Waiting

Happy Holidays all! I apologize for the lack of updates. We’re currently in the process of moving across country. This has been extremely time consuming. Between that and the holidays, I’ve not had the chance to post TA as much as usual. I hope to be back to normal near the end of January. Now on with the analysis…
Bitcoin has decisively broken back above the $3,800 resistance. While this is a welcome rise for bulls, overall volume reminds relatively low. It’s currently consolidating, trading around $3,850 on Coinbase.

In today’s video analysis I discuss, where price my go from here, traps

Bitcoin Technical Analysis: QUICK UPDATE

Merry Christmas all! Due to price dropping, I wanted to post a quick update. Yesterday I said we needed to see the daily candle close above the $4,120 resistance and the golden pocket (area between the 0.618 and 0.65 fib levels). Unfortunately, this didn’t happen. The bears we’re able to push it as low as the $3,800-$3,600 support.

Looking at the daily chart, we can see price is back below the 21 Day EMA. If the daily candle closes below this level, it might signal lower prices to follow.

In today’s video analysis I discuss where prices may be heading next, key

Bitcoin Technical Analysis: ARE THE BULLS BACK?

Bitcoin just broke above a key resistance at $4,120. It now seems to be acting as support. There’s strong resistance (supply zone) between $4,315 and $4,400.

Looking at the daily chart, we can see price approaching the 50 Day MA. It’s also hitting the top daily Bollinger band. Between the top daily Bollinger band and the $4,400 resistance, bitcoin has some work to do. A break above the 50 Day MA (on the daily chart) would be an extremely bullish sign of strength if confirmed with volume.

In today’s video analysis I discuss where price may be heading next, traps to avoid