Swing trading technical analysis

Rockbrew said:
Some say that at the moment this technical analysis is not quite rational to use, but I think that it is not.
Click to expand...
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!!

1586109942086.png
 
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
 

Attachments

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.
 

Attachments

Doormatcat said:
This technical analysis is really helpful.
Click to expand...
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!
 
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)
 

Attachments

You must log in or register to reply here.

Similar threads

M
Vital statement from UK Opposition Leader
Replies
0
Views
1K
montmorencyt2w
M
Andrew Beattie
  • Article Article
Technical Analysis The Pioneers of Technical Analysis
Replies
0
Views
5K
T2W Bot
T2W Bot
D
Rare and vintage books on technical analysis
Replies
3
Views
11K
gerryg
G
oildaytrader
GBP - fundamental and technical anylysis
Replies
14
Views
4K
oildaytrader
oildaytrader
Walid Salah Eldin
19th September 2019 - The Fed drove Gold down below $1500 per ounce
Replies
0
Views
932
Walid Salah Eldin
Walid Salah Eldin
Back
Top