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Today the S&P 500 opened at $3,062 and closed at $2,978 for a -4.4% loss in one trading session and its largest one-day decline in the current pullback from all-time highs last week. Other indices, such as the DOW Jones, saw its largest 1-day decline in history, it's fastest 10% drop in history this week, as well as its worst 6-day performance since 1928, just...

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The S&P500 slowed its rate of decline on Wednesday after losing -6%s over the course of Monday and Tuesday. Price opened Wednesday at $3,139 and closed at $3,116 for a loss of -0.73% which in the context of the previous two days was a small decline, but still significant. During the course of the day price failed to move above yesterdays high and closed below...

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About a week ago my custom candle colors stopped loading on all charts while switching between saved templates. Characters, lines and fill colors all load properly, as do the lower indicators, just not the custom candle colors. If I add the indicator to a blank chart the candle colors load properly, but if I save it as a new template, switch to a different...

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The past two times we saw the 3-month vs 10-year treasury yields invert and the Federal Reserve make drastic cuts to the Federal Funds Rate were during the 2000 dot.com bust and the 2008 financial crisis. Each were accompanied by significant stock market declines/crashes. Today we have the 3-month and 10-year yields inverted(two inversions in less than a year)...

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The S&P 500, along with all other equity indices, saw another significant move down today with price opening at $3,238 and closing at $3,128 for a -3% loss, and a two-day decline of -6% to start off the week. With this two-day decline traders have now wiped out all of 2020’s gains and have taken stocks back to December 2019 levels. With today’s decline price...

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After hitting $10,500 resistance(red) and falling out of the uptrend channel(orange), Bitcoin has had a hard time catching a bid and re-gaining the uptrend channel. After falling out of the uptrend channel price has since hit resistance at the lower channel line which is now acting as price resistance, which in technical analysis can be expected since previous...

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Canpoy Growth Corp's price filled the gap(blue dashed lines) that was created on February 13th -14th with a close today of $20.30, a gap fill that was anticipated after price failed to move higher last week and back into the rising trend channel(orange lines). Today's price move can mostly be attributed to the overall selloff in global equities last night into...

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SPX gapped down with the rest of the US indices today as overnight futures markets were sold heavily by traders on Covid19 fears. Price closed Friday at $3,337 and closed today at $3,225 for a -3.41% loss making this one of the largest 1-day declines in recent memory. Not much of a rebound today as price didn't come close to retracing the overnight gap, but...

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Gold gapped up to $1,656 yesterday evening from a closing price of $1,648 on Friday, and reached a high of $1,691 overnight. Current resistance is at $1,700 as global traders push the yellow metal higher on Covid-19 fears. Judging by the swift reversal in global equity prices last night it would appear as though traders have finally lost confidence in China's...

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CGC created a gap in price last week when it made the jump back above $20 and has so far failed to move back above a previous support line(orange) which is now acting as resistance. Gaps tend to be filled in charts so the longer price fails to move back above the orange line, the greater the likelihood that the gap will be filled which means price will likely...

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Bitcoin held support at the lower line of the uptrend channel(orange) which was also where horizontal support rested(dashed blue) which added extra support on the recent dip back below $10k. With support now tested and holding, as well as price back above $10k, we can assume that the trend is going to remain bullish. Immediate short-term resistance is at the...

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Gold performed a triangle breakout today(solid orange) and is now testing overhead resistance(red dashed) which stems from a local high at $1613 made on January 8th. Short-term resistance that needs to be beat to keep the immediate trend on the up and up is the red dashed line, a move above there will likely see a continued move higher for the foreseeable future....

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I apparently forgot the #1 rule in investing that has remained true since the financial crisis: don't bet against global central banks and their ability to maintain economic(stock) expansion. The PBOC has injected enough liquidity during this coronavirus outbreak to ease all trader fears of a market decline which has led to price filling the gap that was created...

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Bitcoin took a little dip after my previous post yesterday where I was expecting a push higher and is now testing lower channel support(orange) as well as horizontal support(dashed blue). For now the trend remains bullish as long as price remains above channel and horizontal support near $9,500, but should that level be taken out it will lead to a neutral view on...

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With Bitcoin holding above $10,000 we can start to look at new support and resistance levels as well as a new price target. For now $10,500 is the current resistance level(red dashed) and that price point stems from the massive two-day price spike back in late October 2019 which saw price jump $3k from $7,500 to $10,500, with $10,500 acting as current...

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Over the course of the past week crude has broken below 2019 support(horizontal green line) and failed to move back above it as price heads lower in a steep downtrend(red line). The local low from last week is at $49.31(blue line) which is where stop-loss orders should be placed if currently long here. Short-term trend is bearish as long as price is trading...

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A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hanging man most traders say the lower wick must be two times greater than the size of the...

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CGC has fallen out of its uptrend channel(orange lines) and has returned to a previous consolidation range(blue lines). The trend for now has shifted back to neutral as long as price is within the blue lines; a break back above the blue channel would be bullish, a break below bearish. The PPO is indicating a negative short-term trend with the green PPO line...