Market Technician

This coming Thursday evening (SG/HK time), I will be conducting a short course  at SGX Academy Online to present how investors and traders can  effectively apply TA to forecast markets. More Information and Registration

Trend Turned Bullish for Alibaba Group Analysis Forecast: Price Trend Turned Bullish Analysis is for: US Market Short-Term Trading Tactical Single Stock Allocation Supporting Technical  Observations : 1. Breakout of Downtrend (Supply) Line 2. Breakout of consolidation Base 3. Fund Flow Index (FFI), turned positive 1st Technical Ta rget US$250.00 Why this Level? 1. Key Supported turned Resistance  Level 2. 261.8% Fibo Level 3. Whole Number Below this Level means Incorrect Analysis: US$204   ================================ To follow up on post  TradingView Post To forecast market trends and read technical signals effectively: Effective Technical Analysis and Market Forecasting  (Online Class) 1st July 2021, 7.30pm (SG) Blog Disclaimers Apply

  What Happens From Here Will Be CRUCIAL to BTC BTC observed a Wyckoff's Spring action  with ARKK** is trending higher , we expect to see more demand from here. If this bullish observation continues, we potentially see BTC breaks above current consolidation zone, back into Mark Up Phase. Thus, upcoming trading days are crucial to BTC . ================================ *Spring denotes weak supply on the market, where price breaks below support but the supply did not sustain the move to mark price lower. **ARK Innovation ETF ( ARKK ) holds emerging technology company stocks, in line with Bitcoin's underlying technology. ARKK when plotted on the chart, trades in line and leads BTC . ARKK is trending upwards, is positive for BTC . ================================ To follow up on post  TradingVIew Link To forecast market trends and read technical signals effectively: Effective Technical Analysis and Market Forecasting  (Online Class) 1st July 2021, 7.30pm (SG) Blog Disclaimers Appl

  2 Key Levels to Lookout For S&P 500: Strong sell off -59pts or -1.39% for S&P 500 seen on last Friday, 18 June 2021, could be the start of a market correction. Here are the key support levels to mark on the charts if index continues to fall. 1st Level: 3,850 High Volume Area Fibo Retracement of 23.6% 10% fall from Peak 2nd Level: 3,400 High Volume Area Fibo Retracement of 38.2% 20% fall from Peak To follow up on post  TradingVIew Link To forecast market trends and read technical signals effectively: Effective Technical Analysis and Market Forecasting  (Online Class) 1st July 2021, 7.30pm (SG) Blog Disclaimers Apply

  Update on US Markets after Fed announcement: Weak demand  for  S&P 500 can been seen on fake break (Upthrust) and as observed in FFI (Fund Flow Index) diverging trend from the index.  Thus, despite last night's late buy up, caution remains on the overall market with close watch on trendline and any incoming market supply. Dow theory is also displaying weak or bearish technicals. Dow Jones Transportation has broke critical neckline (fell thru the Ice) as Dow Jones Industrial broke its uptrend line. Upon DJI breaking its neckline, downtrend for US markets will be confirmed.   To forecast market trends and read technical signals effectively: Effective Technical Analysis and Market Forecasting   (Online Class) 1st July 2021, 7.30pm (SG) Blog Disclaimers Apply