Forecasting market prices is pure entertainment. Markets are too complex and unknown events will certainly impact.
Looking at market trends, especially long-term, works better, with more accurate probabilities to become reality.
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DJ-30 daily
We look at positive and negative trend elements for the short-term:
(+)
- Heikin-Ashi candles are white, above the MA7, with a positive slope.
- The close is 3.89% above the trailing-stop.
- haOscillator is positive @77/100.
(-)
- haDelta turns below its short average.
- The slope indicator is almost at similar levels where momentum weakened.
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DJ-30 monthly
Positive and negative trend elements for the long-term (the month is not over yet):
(+)
- The latest Heikin-Ashi candle is white, slightly above the MA7.
- DJ-30 didn't break below the trailing-stop.
- The close is 11% above the trailing-stop.
- haOscillator is positive @43/100.
- haDelta turns above its short average.
- The slope is higher than in March 2020.
(-)
- MA7 slope is still negative.
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AAPL daily
We look at positive and negative trend elements for the short-term:
(+)
- A superb uptrend.
- Heikin-Ashi candles are mostly white, above the MA7, with a positive slope.
- The close is 6.29% above the trailing-stop.
- haOscillator is positive and low, @58.25/100.
(-)
- haDelta is below its short average.
- The slope indicator is below levels where momentum weakened.
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AAPL monthly
Positive and negative trend elements for the long-term:
(+)
- Bullish cup in an uptrend, in progress.
- The latest Heikin-Ashi candle is white, with its close above the MA7.
- haDelta is above its short average.
- haOscillator is positive and low, @44.46/100.
(-)
- The close is 7.26% below the buy-stop.
- Negative MA7 slope.
- The slope indicator is above levels where momentum coincided with a significant low.
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TSLA daily
We look at positive and negative trend elements for the short-term:
(!)
- An uptrend consolidation, opposite to market's behavior.
- haDelta is above its short average, ready to brush with its average.
- The close is 9.82% above the trailing-stop.
(+)
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- haOscillator is positive and low, @37.24/100.
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TSLA monthly
Positive and negative trend elements for the long-term:
(!)
- Even Heikin-Ashi candles are a mix of colors and shapes. Proof of uncertainty.
(+)
- The latest Heikin-Ashi candle is white, slightly above the MA7.
- haDelta is above its short average.
- haOscillator is positive and low, @30.73/100.
- The slope indicator is at levels where TSLA price had a significant low.
(-)
- The close is 26.33% below the buy-stop.
- Negative MA7 slope.
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QQQ daily
We look at positive and negative trend elements for the short-term:
(+)
- A superb uptrend.
- Heikin-Ashi candles are mostly white, above the MA7, with a positive slope.
- The close is 6.08% above the trailing-stop.
- haOscillator is positive and low, @68.43/100.
- The slope indicator is below levels where momentum weakened.
(-)
- haDelta turns below its short average.
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QQQ monthly
Positive and negative trend elements for the long-term:
(+)
- The latest Heikin-Ashi candle is white, slightly below the MA7.
- haDelta is above its short average.
- haOscillator is positive and low, @45.55/100.
- The slope indicator is at below levels of March 2020. Inverse positive divergence with the price.
(-)
- The close is 10.57% below the buy-stop.
- Negative MA7 slope.
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The takeaway:
Short-term weakness, but long-term positive signals.
TSLA is confusing.
Stops are required (a must) for profits.
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