Swing trading technical analysis

[patient pip]

after time, i can expect what the rsi is approximately painting based on the PA

 

[Level_Trader]

Market recap and thoughts for the week ahead...

 

[Level_Trader]

Some say that at the moment this technical analysis is not quite rational to use, but I think that it is not.

I find technical analysis is a great way to systematise and make trading more mechanical taking the emotion out of trading. This can be particularly useful when volatility has been extreme as it has been. That said, when there is a lack of liquidity and everyone is trying to get out or in the same trade, technical levels become more like 'levels or interest'. If you look at the S&P500, the fall we've had from 3300... the levels on the downside were taken out as if they didn't even exist!!

 

[Level_Trader]

Market recap and thoughts for the week ahead...

Gold looks to have formed an inverse head and shoulders with the price breaking the neckline in the past week.. expecting the price to hit around 1840-1850. Furthers details covered in the newsletter

 

[Level_Trader]

Market recap and thoughts for the week ahead...

 

[Level_Trader]

Market recap and thoughts for the week ahead...

 

[Level_Trader]

Market recap and thoughts for the week ahead...

A big earnings week over with Amazon forecasting a potential loss for the next quarter as it spends $4bn. The S&P500 reversed sharply off the highs with further downside likely. We noted this in last weeks newsletter that risk/reward is skewed to the downside.

 

[Level_Trader]

Market recap and thoughts for the week ahead...

 

[Level_Trader]

Market recap and thoughts for the week ahead...

For more info. and analysis like this check out https://www.leveltraders.com/

 

[Level_Trader]

Market recap and thoughts for the week ahead...

 

[Level_Trader]

Market recap and thoughts for the week ahead...

 

[Level_Trader]

Market recap and thoughts for the week ahead..

 

[Level_Trader]

Nasdaq hits 10k

 

[Level_Trader]

Market recap and thoughts for the week ahead..

 

[Level_Trader]

Market recap and thoughts for the week ahead..

For more analysis and content like this follow me on Twitter @TradersLevel

 

[Level_Trader]

This technical analysis is really helpful.

You're welcome. I try to help others by summarising the key themes driving the market as well as provide price action analysis. There's a lot of noise out there so it can be a challenge to know what info is useful versus noise/media hype. Have a good trading week!

 

[Level_Trader]

Market recap and thoughts for the week ahead...

 

[Level_Trader]

Market recap and thoughts for the week ahead...

 

[Level_Trader]

Market recap and thoughts for the week ahead...

For more info and analysis like this visit www.leveltraders.com

 

[Level_Trader]

Market recap and thoughts for the week ahead...

Some key earnings to watch out for in the coming week:

Coca Cola (Tue before market open)
Microsoft (Wed after the close)
Tesla (Wed after the close)
Amazon (Thur)
Intel (Thur after the close)
Twitter (Thur before market open)
AT&T (Thur before market open)
Verizon (Fri)