Comments on: Market Analysis & Trade Ideas 10-27-21

By: Ahmar1977

Ahmar1977 — Thu, 28 Oct 2021 16:02:27 +0000

CAT, AMZN

By: Ahmar1977

Ahmar1977 — Thu, 28 Oct 2021 02:53:03 +0000

In reply to Ahmar1977. Weekly chart

By: PaleFlame

PaleFlame — Thu, 28 Oct 2021 02:51:35 +0000

Just more checkmarks for the bulls as tech recovers back to highs. In my opinion it is more confirmation to hold long. Thankfully my focus on buying post opex has been paying off. I won’t be looking to sell anything until near the next opex. We might pullback to one or two support lines but the trend is clearly up for new highs after holding the main QQQ daily trendline.

By: Ahmar1977

Ahmar1977 — Thu, 28 Oct 2021 02:51:01 +0000

This indicator is very powerful so when the green and the purple line is below zero line we are in a downtrend once we get above that we are in a uptrend. So the chart that you have in front of you is in monthly chart of /ES and we have a couple of more days left for this month to close. As of right now we are still in a uptrend and if you look at the monthly candle and have taken over or equal to the previous month candle.

By: Ahmar1977

Ahmar1977 — Thu, 28 Oct 2021 02:39:06 +0000

Monthly chart of /CL
#1 MACD divergence
#2 break out
Taking wide part of the falling wedge gives us a price target of approximately $177