What is the trend?
A frequently asked question.
People often jump to answer with "It's up" or "It'sdown" based on their specific timeframe, such as H4, M1, Daily, or Monthly.
Very few ask about the timeframe the question refers to.
This short market overview focuses on weekly charts (medium-term trend). For a short-term view, please contact the author directly.
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June 14 - Volatility Index (VIX) weekly – 12.66
Medium-term – Positive bias (negative for the markets). Short-term – Positive.
Heikin-Ashi
(+ !) Another reversal doji, haDelta, faster than haOscillator, turned down at *zero. Odd.
(- +) VIX is in a downtrend. To reverse it, haClose should be > 12.70 at the end of June 21 vs. 12.77 now. On the edge.
Non Heikin-Ashi
(+) Below the Buy-stop@20.02
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June 14: SP-500 weekly– 5,431.6
Medium-term – Positive indications. Short-term - Negative signs on the daily chart.
Heikin-ashi
(+ !) haOscillator is has turned down, signs of changing direction.
(+) haDelta has turned up. Bullish (haDelta is faster than haOscillator).
(+ -) SP-500 is already in an uptrend. To reverse it, haClose should be < 5,411.50 at the end of June 21 vs. 5,386.83 now. Possible.
Non Heikin-Ashi
(++) Comfortable Stop-loss @5,088.74. 6.31% below the close.
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June 15: Bitcoin weekly– 66,270
Medium-term – Top confirmed.
Heikin-Ashi
(-) Bullish consolidation pattern, haOscillator below its slow line, in negative territory. A longer downtrend may follow until the trailing-stop.
(-) haDelta negative.
(-) BTCUSD is already in a downtrend. Toreverse it, haClose should be > 68,831at the end of next week vs. 67,797 now.
Non Heikin-Ashi
(+) Far above the trailing-stop @59,457, 10.32% higher.
(++) Even on the weekly chart, there is an Inverse positive divergence haOscillator for 2024.
(!) Resistance @72,000
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June 8: Ethereum weekly– 3,567.20
Medium-term – Top confirmed. Buy-stop above 3,896.
Heikin-Ashi
(+) Positive consolidation pattern, haOscillator negative, ETHUSD is losing momentum.
(-) haDelta is below its average.
(-) Still below the buy-stop @3,896.
(+ -) ETHUSD is already in a downtrend. Tor everse it, haClose should be >4,021.82 at the end of the next week vs. 3,742.93now.
Non Heikin-Ashi
(-) Below the trailing-stop @3,896
(++) Even on the weekly chart, haOscillator displays an inverse positive divergence since the start of 2024.
(!) Immediate resistance @4,091.
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June 14: EUR/USDdaily – 1.0702
Medium-term – Top. More downside to follow (see the Inverse Negative Divergence)
Heikin-Ashi
(--) haDelta is already below its average.
(- +) EURUSD is already in a downtrend. To reverse it, haClose should be > 1.0760 at the end of June 21 vs. 1.0754 now. As the haOscillator has more room to travel down from here, the probability of reversing the downtrend is slim.
Non Heikin-Ashi
(+) Above the trailing-stop @1,0531.
(+) Inverse positive divergence haOscillator for 2024.
(--) The inverse negative divergence is immediate.
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